Commonwealth of Pennsylvania Public School Empls Retrmt SYS Reduces Stake in Aercap Holdings N.V. (AER)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its position in Aercap Holdings N.V. (NYSE:AER) by 11.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 20,500 shares of the financial services provider’s stock after selling 2,700 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Aercap were worth $1,048,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Aercap by 12.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 625,502 shares of the financial services provider’s stock worth $31,682,000 after buying an additional 69,512 shares in the last quarter. Eagle Boston Investment Management Inc. grew its holdings in Aercap by 1.4% in the third quarter. Eagle Boston Investment Management Inc. now owns 294,289 shares of the financial services provider’s stock worth $15,144,000 after purchasing an additional 4,092 shares during the period. American International Group Inc. grew its holdings in Aercap by 6.5% in the third quarter. American International Group Inc. now owns 17,246 shares of the financial services provider’s stock worth $881,000 after purchasing an additional 1,047 shares during the period. Clal Insurance Enterprises Holdings Ltd grew its holdings in Aercap by 0.3% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,200,000 shares of the financial services provider’s stock worth $61,332,000 after purchasing an additional 3,600 shares during the period. Finally, Systematic Financial Management LP grew its holdings in Aercap by 6.5% in the third quarter. Systematic Financial Management LP now owns 40,900 shares of the financial services provider’s stock worth $2,090,000 after purchasing an additional 2,500 shares during the period. Institutional investors own 85.87% of the company’s stock.

A number of brokerages have weighed in on AER. Royal Bank Of Canada cut their price objective on shares of Aercap from $77.00 to $74.00 and set an “outperform” rating on the stock in a report on Tuesday, November 14th. UBS upped 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. Zacks Investment Research upgraded shares of Aercap from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Cowen upped 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. Finally, BidaskClub cut shares of Aercap from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 15th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $57.10.

Shares of Aercap Holdings N.V. (NYSE:AER) opened at $51.88 on Wednesday. Aercap Holdings N.V. has a fifty-two week low of $41.34 and a fifty-two week high of $54.50. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 3.17. The company has a market cap of $8,213.67, a P/E ratio of 7.59, a PEG ratio of 0.71 and a beta of 1.84.

Aercap (NYSE:AER) last posted its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $1.62 EPS for the quarter, beating the Zacks’ 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 analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the company posted $1.22 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. sell-side analysts forecast that Aercap Holdings N.V. will post 6.14 EPS for the current year.

Aercap declared that its Board of Directors has authorized a share buyback plan on Thursday, November 2nd that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

TRADEMARK VIOLATION NOTICE: “Commonwealth of Pennsylvania Public School Empls Retrmt SYS Reduces Stake in Aercap Holdings N.V. (AER)” was first published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://stocknewstimes.com/2017/12/06/commonwealth-of-pennsylvania-public-school-empls-retrmt-sys-reduces-stake-in-aercap-holdings-n-v-aer.html.

Aercap 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.

Want to see what other hedge funds are holding AER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aercap Holdings N.V. (NYSE:AER).

Institutional Ownership by Quarter for Aercap (NYSE:AER)

Receive News & Ratings for Aercap Holdings N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aercap Holdings N.V. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply