Driehaus Capital Management LLC lessened its holdings in shares of AerCap Holdings (NYSE:AER) by 17.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,573 shares of the financial services provider’s stock after selling 2,043 shares during the period. Driehaus Capital Management LLC’s holdings in AerCap were worth $504,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of AER. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in AerCap by 197.8% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,100 shares of the financial services provider’s stock worth $1,385,000 after acquiring an additional 18,000 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in AerCap by 68.3% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 119,398 shares of the financial services provider’s stock worth $6,102,000 after acquiring an additional 48,448 shares during the last quarter. First Trust Advisors LP purchased a new position in AerCap in the 3rd quarter worth $555,000. KBC Group NV raised its stake in AerCap by 5.1% in the 3rd quarter. KBC Group NV now owns 74,299 shares of the financial services provider’s stock worth $3,797,000 after acquiring an additional 3,623 shares during the last quarter. Finally, Macquarie Group Ltd. raised its stake in AerCap by 68.5% in the 3rd quarter. Macquarie Group Ltd. now owns 12,300 shares of the financial services provider’s stock worth $629,000 after acquiring an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 84.44% of the company’s stock.
Shares of AerCap Holdings (NYSE:AER) opened at $50.12 on Friday. AerCap Holdings has a 12-month low of $42.35 and a 12-month high of $55.67. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.49 and a current ratio of 0.49. The company has a market capitalization of $8,076.19, a PE ratio of 7.78, a PEG ratio of 0.68 and a beta of 1.82.
AerCap (NYSE:AER) last posted its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.29. AerCap had a return on equity of 12.31% and a net margin of 21.36%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the firm posted $2.01 EPS. AerCap’s revenue was down 7.7% compared to the same quarter last year. analysts predict that AerCap Holdings will post 6.22 earnings per share for the current fiscal year.
AerCap announced that its board has initiated a stock buyback program on Wednesday, February 14th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
A number of equities analysts recently issued reports on AER shares. Citigroup initiated coverage on AerCap in a research note on Friday, December 8th. They issued a “neutral” rating and a $57.00 target price for the company. Wells Fargo set a $62.00 price objective on AerCap and gave the company a “buy” rating in a research note on Friday, December 15th. Zacks Investment Research lowered AerCap from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 2nd. Royal Bank of Canada reiterated a “buy” rating on shares of AerCap in a research note on Thursday, February 15th. Finally, Deutsche Bank lifted their price objective on AerCap from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $58.73.
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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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