Driehaus Capital Management LLC trimmed its position in shares of AerCap (NYSE:AER) by 17.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,573 shares of the financial services provider’s stock after selling 2,043 shares during the quarter. Driehaus Capital Management LLC’s holdings in AerCap were worth $504,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its holdings in AerCap by 135.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,242,647 shares of the financial services provider’s stock worth $117,986,000 after acquiring an additional 1,288,455 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in AerCap in the 4th quarter worth $31,769,000. Neuberger Berman Group LLC increased 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 worth $169,705,000 after acquiring an additional 230,716 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in AerCap by 5,343.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 228,423 shares of the financial services provider’s stock worth $11,674,000 after acquiring an additional 224,227 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased 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 worth $117,733,000 after acquiring an additional 199,480 shares in the last quarter. 84.45% of the stock is owned by hedge funds and other institutional investors.
Shares of AER stock traded down $1.05 during trading hours on Friday, reaching $51.43. 1,371,515 shares of the stock were exchanged, compared to its average volume of 1,268,862. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.49 and a current ratio of 0.49. AerCap has a 12-month low of $42.35 and a 12-month high of $55.67. The firm has a market capitalization of $8,292.67, a price-to-earnings ratio of 8.12, a PEG ratio of 0.70 and a beta of 1.81.
AerCap (NYSE:AER) last released its earnings results on Wednesday, February 14th. The financial services provider reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.29. AerCap had a net margin of 21.36% and a return on equity of 12.31%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the firm earned $2.01 earnings per share. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. equities analysts forecast that AerCap will post 6.22 EPS for the current fiscal year.
AerCap announced that its board has authorized a share buyback program on Wednesday, February 14th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
A number of equities research analysts have recently issued reports on the stock. Macquarie began coverage on shares of AerCap in a report on Tuesday, March 13th. They set an “outperform” rating for the company. Zacks Investment Research raised shares of AerCap from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. Royal Bank of Canada reissued a “buy” rating on shares of AerCap in a research report on Thursday, February 15th. Citigroup began coverage on shares of AerCap in a research report on Friday, December 8th. They set a “neutral” rating and a $57.00 price target on the stock. Finally, Morgan Stanley increased their price target on shares of AerCap from $48.00 to $49.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $58.73.
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AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in Mainland China, Hong Kong, Macau, the United States, Ireland, and internationally. The company provides aircraft asset management services, including remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.
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