Empowered Funds LLC Has $19.85 Million Stock Holdings in Aercap Holdings N.V. $AER

Empowered Funds LLC increased its position in shares of Aercap Holdings N.V. (NYSE:AER) by 66.6% during the 1st quarter, Holdings Channel reports. The fund owned 144,721 shares of the financial services provider’s stock after buying an additional 57,840 shares during the quarter. Empowered Funds LLC’s holdings in Aercap were worth $19,853,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AER. Norges Bank bought a new position in shares of Aercap during the fourth quarter worth $352,172,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Aercap in the 4th quarter valued at $282,665,000. L1 Capital International Pty Ltd increased its position in shares of Aercap by 344.2% in the 4th quarter. L1 Capital International Pty Ltd now owns 1,527,454 shares of the financial services provider’s stock valued at $219,587,000 after buying an additional 1,183,616 shares in the last quarter. Mawer Investment Management Ltd. raised its stake in Aercap by 56.3% during the 4th quarter. Mawer Investment Management Ltd. now owns 3,272,935 shares of the financial services provider’s stock worth $470,517,000 after buying an additional 1,179,241 shares during the period. Finally, Alyeska Investment Group L.P. raised its stake in Aercap by 642.7% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,111,552 shares of the financial services provider’s stock worth $134,498,000 after buying an additional 961,890 shares during the period. Institutional investors own 96.42% of the company’s stock.

Aercap Trading Up 2.1%

Shares of NYSE:AER opened at $154.53 on Wednesday. The firm has a market cap of $25.79 billion, a price-to-earnings ratio of 6.77, a PEG ratio of 1.05 and a beta of 0.94. Aercap Holdings N.V. has a 12 month low of $105.65 and a 12 month high of $155.99. The company’s fifty day simple moving average is $144.39 and its 200 day simple moving average is $143.41. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34.

Aercap (NYSE:AER) last announced its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share for the quarter. The firm had revenue of $2.30 billion during the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. As a group, research analysts forecast that Aercap Holdings N.V. will post 17.39 EPS for the current fiscal year.

Aercap declared that its board has authorized a stock repurchase program on Wednesday, April 29th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

AER has been the subject of a number of research analyst reports. Susquehanna boosted their target price on Aercap from $170.00 to $176.00 and gave the company a “positive” rating in a research note on Tuesday, July 7th. TD Cowen raised their price target on Aercap from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Morgan Stanley dropped their price target on Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. JPMorgan Chase & Co. lifted their price objective on Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Weiss Ratings upgraded Aercap from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Aercap currently has a consensus rating of “Buy” and a consensus target price of $168.67.

Aercap Company Profile

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.