YHB Investment Advisors Inc. bought a new position in shares of AerCap Holdings (NYSE:AER) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,500 shares of the financial services provider’s stock, valued at approximately $552,000.
A number of other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. increased its position in AerCap by 1.5% during the second quarter. BlackRock Inc. now owns 6,989,850 shares of the financial services provider’s stock worth $324,538,000 after acquiring an additional 101,721 shares during the period. Neuberger Berman Group LLC increased its position in 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 acquiring an additional 230,716 shares during the period. Allianz Asset Management GmbH increased its position in AerCap by 1.9% during the third quarter. Allianz Asset Management GmbH now owns 1,232,543 shares of the financial services provider’s stock worth $62,995,000 after acquiring an additional 22,693 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its position in AerCap by 0.3% during 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 acquiring an additional 3,600 shares during the period. Finally, Dalal Street LLC increased its position in AerCap by 22.1% during the second quarter. Dalal Street LLC now owns 999,935 shares of the financial services provider’s stock worth $46,427,000 after acquiring an additional 180,750 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.
AerCap Holdings (AER) traded up $0.13 on Tuesday, reaching $54.23. 956,100 shares of the company’s stock were exchanged, compared to its average volume of 1,180,567. AerCap Holdings has a 1 year low of $41.54 and a 1 year high of $54.59. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a market capitalization of $8,540.00, a P/E ratio of 8.02, a P/E/G ratio of 0.73 and a beta of 1.84.
AerCap announced that its Board of Directors has approved a stock buyback plan on Thursday, November 2nd that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
A number of equities analysts recently issued reports on AER shares. Zacks Investment Research raised shares of AerCap from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Royal Bank of Canada dropped 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. Cowen lifted their price target on shares of AerCap from $55.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Wells Fargo & Co set a $62.00 price target on shares of AerCap and gave the stock a “buy” rating in a research note on Friday, December 15th. Finally, Citigroup started coverage on shares of AerCap in a research note on Friday, December 8th. They set a “neutral” rating and a $57.00 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $57.30.
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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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