Mraz Amerine & Associates Inc. reduced its stake in shares of AerCap Holdings (NYSE:AER) by 11.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,769 shares of the financial services provider’s stock after selling 1,300 shares during the period. Mraz Amerine & Associates Inc.’s holdings in AerCap were worth $514,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. Cambiar Investors LLC raised its position in shares of AerCap by 0.8% during the 4th quarter. Cambiar Investors LLC now owns 6,613,719 shares of the financial services provider’s stock worth $347,948,000 after purchasing an additional 54,888 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in AerCap by 7.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 3,320,387 shares of the financial services provider’s stock valued at $169,705,000 after acquiring an additional 230,716 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in AerCap by 9.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 2,237,852 shares of the financial services provider’s stock valued at $117,733,000 after acquiring an additional 199,480 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of AerCap by 1.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,232,543 shares of the financial services provider’s stock valued at $62,995,000 after buying an additional 22,693 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in shares of AerCap by 0.3% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,200,000 shares of the financial services provider’s stock valued at $61,332,000 after buying an additional 3,600 shares during the period. Hedge funds and other institutional investors own 85.34% of the company’s stock.
AerCap Holdings (AER) traded down $0.64 on Tuesday, reaching $51.21. 91,011 shares of the company traded hands, compared to its average volume of 1,309,575. AerCap Holdings has a 52-week low of $42.35 and a 52-week high of $55.67. 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 $8,043.01, a price-to-earnings ratio of 7.43, a price-to-earnings-growth ratio of 0.67 and a beta of 1.80.
AerCap declared that its board has approved a stock repurchase program on Thursday, November 2nd that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.
Several analysts have recently issued reports on AER shares. Zacks Investment Research raised shares of AerCap from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. Royal Bank of Canada decreased their price target on shares of AerCap from $77.00 to $74.00 and set an “outperform” rating for the company in a research report on Tuesday, November 14th. Wells Fargo & Co set a $62.00 price target on shares of AerCap and gave the stock a “buy” rating in a research report on Friday, December 15th. Cowen upped their price target on shares of AerCap from $55.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Finally, Citigroup initiated coverage on shares of AerCap in a report on Friday, December 8th. They issued a “neutral” rating and a $57.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. AerCap presently has an average rating of “Buy” and an average price target of $57.30.
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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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