Jacobs Asset Management LLC lessened its stake in Aercap Holdings N.V. (NYSE:AER) by 8.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 576,300 shares of the financial services provider’s stock after selling 54,000 shares during the period. Aercap accounts for approximately 5.6% of Jacobs Asset Management LLC’s portfolio, making the stock its 3rd largest position. Jacobs Asset Management LLC owned approximately 0.36% of Aercap worth $29,454,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AER. Lenox Wealth Management Inc. increased its holdings in Aercap by 30.8% in the third quarter. Lenox Wealth Management Inc. now owns 11,763 shares of the financial services provider’s stock valued at $601,000 after buying an additional 2,773 shares in the last quarter. Accident Compensation Corp increased its holdings in Aercap by 25.7% in the third quarter. Accident Compensation Corp now owns 33,209 shares of the financial services provider’s stock valued at $1,697,000 after buying an additional 6,800 shares in the last quarter. Western Standard LLC purchased a new position in shares of Aercap during the 3rd quarter worth approximately $332,000. Magnetar Financial LLC purchased a new position in shares of Aercap during the 3rd quarter worth approximately $211,000. Finally, Asset Management One Co. Ltd. increased its stake in shares of Aercap by 5,343.8% during the 3rd quarter. Asset Management One Co. Ltd. now owns 228,423 shares of the financial services provider’s stock worth $11,674,000 after purchasing an additional 224,227 shares in the last quarter. Institutional investors own 85.87% of the company’s stock.
AER has been the subject of a number of recent research reports. Cowen reissued a “buy” rating and set a $55.00 price objective on shares of Aercap in a research note on Thursday, October 12th. Zacks Investment Research cut shares of Aercap from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Royal Bank Of Canada decreased their target price on shares of Aercap from $77.00 to $74.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 14th. UBS raised their target price on shares of Aercap from $44.00 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, November 9th. Finally, BidaskClub upgraded shares of Aercap from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $57.10.
Shares of Aercap Holdings N.V. (NYSE AER) opened at $51.77 on Thursday. Aercap Holdings N.V. has a one year low of $41.34 and a one year high of $54.50. The stock has a market cap of $8,197.87, a price-to-earnings ratio of 7.57, a P/E/G ratio of 0.70 and a beta of 1.84. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 3.17.
Aercap (NYSE:AER) last released its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.15. Aercap had a net margin of 22.84% and a return on equity of 13.84%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the firm posted $1.22 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. analysts expect that Aercap Holdings N.V. will post 6.14 earnings per share for the current fiscal year.
Aercap announced that its board has authorized a stock buyback program on Thursday, November 2nd that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
Aercap Company Profile
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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