Boston Partners reduced its position in shares of AerCap Holdings (NYSE:AER) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,933 shares of the financial services provider’s stock after selling 3,791 shares during the period. Boston Partners owned 0.06% of AerCap worth $5,047,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of AER. PGGM Investments purchased a new stake in shares of AerCap during the third quarter worth about $21,142,000. Neuberger Berman Group LLC boosted its holdings in shares of AerCap by 7.5% during the third quarter. Neuberger Berman Group LLC now owns 3,320,387 shares of the financial services provider’s stock worth $169,705,000 after purchasing an additional 230,716 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of AerCap by 5,343.8% during the third 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 during the period. Wedge Capital Management L L P NC boosted its holdings in shares of AerCap by 9.8% during the fourth quarter. Wedge Capital Management L L P NC now owns 2,237,852 shares of the financial services provider’s stock worth $117,733,000 after purchasing an additional 199,480 shares during the period. Finally, Point72 Asset Management L.P. boosted its holdings in shares of AerCap by 303.6% during the third quarter. Point72 Asset Management L.P. now owns 242,166 shares of the financial services provider’s stock worth $12,377,000 after purchasing an additional 182,166 shares during the period. Institutional investors own 85.43% of the company’s stock.
A number of research firms have recently weighed in on AER. Zacks Investment Research lowered shares of AerCap from a “hold” rating to a “sell” rating in a report on Monday, February 5th. Cowen raised their price objective on shares of AerCap from $55.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Royal Bank of Canada lowered their price objective on shares of AerCap from $77.00 to $74.00 and set an “outperform” rating for the company in a report on Tuesday, November 14th. UBS Group raised their price objective on shares of AerCap from $44.00 to $54.00 and gave the stock a “neutral” rating in a report on Thursday, November 9th. Finally, Wells Fargo & Co set a $62.00 price objective on shares of AerCap and gave the stock a “buy” rating in a report on Friday, December 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $57.30.
Shares of AerCap Holdings (NYSE:AER) opened at $50.90 on Monday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 3.17. AerCap Holdings has a 1-year low of $42.35 and a 1-year high of $55.67. The company has a market cap of $8,040.00, a PE ratio of 7.53, a price-to-earnings-growth ratio of 0.67 and a beta of 1.79.
AerCap announced that its Board of Directors has approved 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 repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
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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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