YHB Investment Advisors Inc. Takes $552,000 Position in AerCap Holdings (AER)

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 (NYSE:AER) last posted its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $1.62 earnings per share for the quarter, topping 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 the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company earned $1.22 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year. analysts forecast that AerCap Holdings will post 6.14 earnings per share for the current fiscal year.

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.

TRADEMARK VIOLATION NOTICE: This story was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this story on another domain, it was illegally copied and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be read at https://stocknewstimes.com/2018/01/16/yhb-investment-advisors-inc-takes-552000-position-in-aercap-holdings-aer.html.

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.

Institutional Ownership by Quarter for AerCap (NYSE:AER)

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

Latest News

Leave a Reply