Eagle Boston Investment Management Inc. raised its holdings in AerCap Holdings (NYSE:AER) by 6.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 313,825 shares of the financial services provider’s stock after acquiring an additional 19,536 shares during the period. AerCap accounts for about 1.6% of Eagle Boston Investment Management Inc.’s portfolio, making the stock its 8th biggest position. Eagle Boston Investment Management Inc.’s holdings in AerCap were worth $16,510,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Cerebellum GP LLC acquired a new position in AerCap in the fourth quarter valued at about $127,000. Dorsey & Whitney Trust CO LLC acquired a new position in AerCap in the third quarter valued at about $208,000. Magnetar Financial LLC acquired a new position in AerCap in the third quarter valued at about $211,000. Caxton Associates LP acquired a new position in AerCap in the third quarter valued at about $225,000. Finally, KCS Wealth Advisory acquired a new position in AerCap in the fourth quarter valued at about $238,000. 85.34% of the stock is owned by hedge funds and other institutional investors.
AerCap Holdings (NYSE AER) opened at $52.67 on Thursday. 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 firm has a market capitalization of $8,163.10, a PE ratio of 7.77, a PEG ratio of 0.68 and a beta of 1.80. AerCap Holdings has a 52-week low of $42.35 and a 52-week high of $55.67.
AerCap declared that its board has authorized a stock repurchase program on Thursday, November 2nd that permits the company to buyback $200.00 million in shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
AER has been the subject of a number of research analyst reports. Cowen boosted their target price on AerCap from $55.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Zacks Investment Research raised AerCap from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. UBS Group boosted their target price on AerCap from $44.00 to $54.00 and gave the company a “neutral” rating in a research note on Thursday, November 9th. Royal Bank of Canada decreased their target price on AerCap from $77.00 to $74.00 and set an “outperform” rating for the company in a research note on Tuesday, November 14th. Finally, Citigroup assumed coverage on AerCap in a research report on Friday, December 8th. They set a “neutral” rating and a $57.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $57.30.
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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