Aercap Holdings N.V. (NYSE:AER) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.
According to Zacks, “AERCAP HOLDINGS is an integrated global aviation company with a leading market position in aircraft and engine leasing, trading and parts sales.They also provides aircraft management services and performs aircraft and engine maintenance, repair and overhaul services and aircraft disassemblies through its certified repair stations. “
AER has been the topic of several other research reports. BidaskClub cut shares of Aercap Holdings N.V. from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 15th. Cowen and Company reissued a “buy” rating and set a $54.00 price objective on shares of Aercap Holdings N.V. in a report on Tuesday, July 11th. Barclays PLC initiated coverage on shares of Aercap Holdings N.V. in a report on Monday, July 10th. They set an “overweight” rating and a $61.00 price objective on the stock. Morgan Stanley cut their price objective on shares of Aercap Holdings N.V. from $48.00 to $44.00 in a report on Tuesday, July 4th. Finally, ValuEngine raised shares of Aercap Holdings N.V. from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $57.55.
Aercap Holdings N.V. (NYSE AER) traded up 0.17% on Thursday, hitting $52.09. 316,096 shares of the company traded hands. The stock’s 50-day moving average is $50.15 and its 200 day moving average is $47.27. The firm has a market capitalization of $8.36 billion, a P/E ratio of 8.21 and a beta of 1.86. Aercap Holdings N.V. has a 12 month low of $38.20 and a 12 month high of $52.37.
Aercap Holdings N.V. (NYSE:AER) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $1.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.29. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Aercap Holdings N.V. had a net margin of 22.26% and a return on equity of 14.43%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.22 earnings per share. Equities analysts forecast that Aercap Holdings N.V. will post $6.10 EPS for the current fiscal year.
Aercap Holdings N.V. declared that its Board of Directors has approved a share repurchase plan on Thursday, August 3rd that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
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In other news, Director Michael Gradon sold 742 shares of Aercap Holdings N.V. stock in a transaction on Monday, August 7th. The shares were sold at an average price of $50.16, for a total value of $37,218.72. Following the transaction, the director now directly owns 3,380 shares of the company’s stock, valued at approximately $169,540.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James A. Lawrence bought 100,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was acquired at an average cost of $49.81 per share, for a total transaction of $4,981,000.00. Following the completion of the acquisition, the director now directly owns 53,280 shares in the company, valued at $2,653,876.80. The disclosure for this purchase can be found here.
Institutional investors have recently made changes to their positions in the company. Financial Architects Inc increased its holdings in shares of Aercap Holdings N.V. by 2.1% in the 2nd quarter. Financial Architects Inc now owns 2,536 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 52 shares during the period. Huntington National Bank increased its holdings in shares of Aercap Holdings N.V. by 4.8% in the 2nd quarter. Huntington National Bank now owns 2,973 shares of the financial services provider’s stock valued at $138,000 after acquiring an additional 136 shares during the period. Israel Discount Bank of New York increased its holdings in shares of Aercap Holdings N.V. by 35.2% in the 2nd quarter. Israel Discount Bank of New York now owns 3,650 shares of the financial services provider’s stock valued at $169,000 after acquiring an additional 950 shares during the period. Atria Investments LLC acquired a new position in shares of Aercap Holdings N.V. in the 2nd quarter valued at $211,000. Finally, Raymond James Trust N.A. acquired a new position in shares of Aercap Holdings N.V. in the 2nd quarter valued at $228,000. 88.94% of the stock is currently owned by institutional investors and hedge funds.
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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