Bank of Montreal Can increased its position in Aercap Holdings N.V. (NYSE:AER) by 213.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,078,899 shares of the financial services provider’s stock after buying an additional 735,151 shares during the period. Bank of Montreal Can owned 0.65% of Aercap Holdings N.V. worth $50,094,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Aercap Holdings N.V. by 2,870.3% in the first quarter. BlackRock Inc. now owns 6,888,129 shares of the financial services provider’s stock worth $316,648,000 after buying an additional 6,656,229 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in Aercap Holdings N.V. during the first quarter worth $87,195,000. Norges Bank acquired a new stake in Aercap Holdings N.V. during the fourth quarter worth $57,910,000. Cambiar Investors LLC raised its stake in Aercap Holdings N.V. by 25.8% in the first quarter. Cambiar Investors LLC now owns 6,178,585 shares of the financial services provider’s stock worth $284,030,000 after buying an additional 1,265,298 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Aercap Holdings N.V. during the first quarter worth $37,654,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.
Aercap Holdings N.V. (NYSE:AER) traded down 0.76% during mid-day trading on Tuesday, reaching $49.86. 882,493 shares of the company traded hands. The firm has a market capitalization of $8.30 billion, a price-to-earnings ratio of 8.47 and a beta of 1.87. Aercap Holdings N.V. has a 52 week low of $36.38 and a 52 week high of $50.79. The stock’s 50 day moving average price is $47.63 and its 200 day moving average price is $45.63.
Aercap Holdings N.V. (NYSE:AER) last posted its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.29. Aercap Holdings N.V. had a net margin of 22.26% and a return on equity of 14.43%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the company posted $1.22 EPS. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities analysts forecast that Aercap Holdings N.V. will post $6.05 EPS for the current year.
Aercap Holdings N.V. announced that its Board of Directors has approved a share buyback plan on Tuesday, May 9th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.
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AER has been the topic of a number of research reports. FBR & Co reiterated an “outperform” rating and issued a $53.00 price objective on shares of Aercap Holdings N.V. in a research note on Monday, April 17th. Morgan Stanley cut their price objective on shares of Aercap Holdings N.V. from $48.00 to $44.00 in a research note on Tuesday, July 4th. ValuEngine upgraded shares of Aercap Holdings N.V. from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Royal Bank Of Canada reiterated a “buy” rating and issued a $73.00 price objective on shares of Aercap Holdings N.V. in a research note on Friday, April 21st. Finally, BidaskClub lowered shares of Aercap Holdings N.V. from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Aercap Holdings N.V. currently has a consensus rating of “Buy” and an average target price of $57.80.
In other news, Director Michael Gradon sold 742 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $50.16, for a total transaction of $37,218.72. Following the transaction, the director now directly owns 3,380 shares of the company’s stock, valued at approximately $169,540.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Aengus Kelly sold 100,000 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $49.87, for a total transaction of $4,987,000.00. Following the transaction, the chief executive officer now directly owns 2,231,875 shares in the company, valued at $111,303,606.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 154,742 shares of company stock worth $7,402,039.
About Aercap Holdings N.V.
AerCap Holdings N.V. is an independent aircraft leasing company. The Company focuses on acquiring in-demand aircraft, funding them, hedging interest rate risk and using its platform to deploy these assets. It operates its business on a global basis, leasing aircraft to customers in various geographical regions.
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