Cooke & Bieler LP reduced its position in shares of Aercap Holdings N.V. (NYSE:AER) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,609,328 shares of the financial services provider’s stock after selling 75,590 shares during the period. Aercap Holdings N.V. makes up 2.3% of Cooke & Bieler LP’s investment portfolio, making the stock its 5th largest position. Cooke & Bieler LP owned 1.57% of Aercap Holdings N.V. worth $121,151,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Financial Architects Inc raised its stake in shares of Aercap Holdings N.V. by 97.0% in the first quarter. Financial Architects Inc now owns 2,484 shares of the financial services provider’s stock worth $114,000 after buying an additional 1,223 shares during the period. Israel Discount Bank of New York bought a new stake in shares of Aercap Holdings N.V. during the first quarter worth about $124,000. Huntington National Bank raised its stake in shares of Aercap Holdings N.V. by 4.8% in the second quarter. Huntington National Bank now owns 2,973 shares of the financial services provider’s stock worth $138,000 after buying an additional 136 shares during the period. James Investment Research Inc. bought a new stake in shares of Aercap Holdings N.V. during the first quarter worth about $146,000. Finally, Atria Investments LLC bought a new stake in shares of Aercap Holdings N.V. during the second quarter worth about $211,000. Institutional investors and hedge funds own 89.88% of the company’s stock.
Shares of Aercap Holdings N.V. (NYSE AER) opened at 47.96 on Friday. The firm has a market cap of $7.70 billion, a price-to-earnings ratio of 7.56 and a beta of 1.87. The company’s 50-day moving average is $48.52 and its 200 day moving average is $46.05. Aercap Holdings N.V. has a 1-year low of $36.38 and a 1-year high of $50.79.
Aercap Holdings N.V. (NYSE:AER) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm posted $1.22 EPS. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. On average, equities research analysts expect that Aercap Holdings N.V. will post $6.08 EPS for the current fiscal year.
Aercap Holdings N.V. declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 9th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.
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A number of brokerages have recently issued reports on AER. BidaskClub upgraded shares of Aercap Holdings N.V. from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 9th. Royal Bank Of Canada restated a “buy” rating and issued a $77.00 target price on shares of Aercap Holdings N.V. in a research note on Friday, August 4th. Zacks Investment Research upgraded shares of Aercap Holdings N.V. from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Tuesday, August 15th. Barclays PLC assumed coverage on shares of Aercap Holdings N.V. in a research note on Monday, July 10th. They set an “overweight” rating and a $61.00 price objective on the stock. Finally, Citigroup Inc. reiterated a “buy” rating and set a $57.00 price objective (up previously from $54.00) on shares of Aercap Holdings N.V. in a research note on Monday, May 15th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Aercap Holdings N.V. has an average rating of “Buy” and an average target price of $57.45.
In related news, CEO Aengus Kelly sold 100,000 shares of Aercap Holdings N.V. stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $49.87, for a total transaction of $4,987,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,231,875 shares of the company’s stock, valued at approximately $111,303,606.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Dikken Wouter Marinus Den sold 50,000 shares of Aercap Holdings N.V. stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $43.99, for a total transaction of $2,199,500.00. Following the transaction, the chief operating officer now directly owns 205,808 shares of the company’s stock, valued at $9,053,493.92. The disclosure for this sale can be found here. Insiders have sold a total of 150,742 shares of company stock valued at $7,223,719 over the last three months.
Aercap Holdings N.V. 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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