Frontier Investment Mgmt Co. Acquires 29,430 Shares of AerCap Holdings (AER)

Frontier Investment Mgmt Co. raised its holdings in AerCap Holdings (NYSE:AER) by 44.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 96,315 shares of the financial services provider’s stock after purchasing an additional 29,430 shares during the quarter. Frontier Investment Mgmt Co.’s holdings in AerCap were worth $5,067,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Stifel Financial Corp raised its position in shares of AerCap by 1.6% in the second quarter. Stifel Financial Corp now owns 26,115 shares of the financial services provider’s stock worth $1,213,000 after acquiring an additional 410 shares during the period. Janus Henderson Group PLC raised its position in shares of AerCap by 282.7% in the second quarter. Janus Henderson Group PLC now owns 86,448 shares of the financial services provider’s stock worth $4,014,000 after acquiring an additional 63,858 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of AerCap by 18.6% in the second quarter. The Manufacturers Life Insurance Company now owns 91,355 shares of the financial services provider’s stock worth $4,243,000 after acquiring an additional 14,309 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of AerCap by 5.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 20,976 shares of the financial services provider’s stock worth $974,000 after acquiring an additional 1,016 shares during the period. Finally, Bank of Nova Scotia raised its position in shares of AerCap by 4.7% in the second quarter. Bank of Nova Scotia now owns 6,049 shares of the financial services provider’s stock worth $281,000 after acquiring an additional 273 shares during the period. 83.09% of the stock is currently owned by institutional investors.

AerCap Holdings (NYSE AER) opened at $51.96 on Monday. AerCap Holdings has a 1 year low of $42.35 and a 1 year high of $55.67. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market cap of $8,210.51, a PE ratio of 8.07, a P/E/G ratio of 0.69 and a beta of 1.80.

AerCap (NYSE:AER) last released its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.29. AerCap had a net margin of 21.36% and a return on equity of 12.33%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the firm earned $2.01 EPS. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. analysts forecast that AerCap Holdings will post 6.28 earnings per share for the current year.

AerCap declared that its board has authorized a stock repurchase program on Thursday, November 2nd that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

AER has been the subject of a number of analyst reports. Wells Fargo & Co set a $62.00 price objective on shares of AerCap and gave the stock a “buy” rating in a research report on Friday, December 15th. Deutsche Bank upped their price objective on shares of AerCap from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank of Canada reiterated a “buy” rating on shares of AerCap in a research report on Thursday. Zacks Investment Research upgraded shares of AerCap from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. Finally, UBS Group upped their price objective on shares of AerCap from $44.00 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $58.27.

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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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Institutional Ownership by Quarter for AerCap (NYSE:AER)

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