Sciencast Management LP purchased a new position in shares of AerCap (NYSE:AER) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,456 shares of the financial services provider’s stock, valued at approximately $678,000.
A number of other institutional investors also recently made changes to their positions in the stock. Cerebellum GP LLC bought a new position in AerCap in the 4th quarter valued at $127,000. Financial Gravity Companies Inc. bought a new position in AerCap in the 4th quarter valued at $130,000. Icon Wealth Partners LLC bought a new position in AerCap in the 4th quarter valued at $134,000. Dorsey & Whitney Trust CO LLC bought a new position in AerCap in the 3rd quarter valued at $208,000. Finally, Magnetar Financial LLC bought a new position in AerCap in the 3rd quarter valued at $211,000. Institutional investors and hedge funds own 84.45% of the company’s stock.
A number of research analysts have issued reports on the company. Deutsche Bank upped 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. Zacks Investment Research downgraded AerCap from a “hold” rating to a “sell” rating in a research note on Monday, February 5th. Royal Bank of Canada reaffirmed a “buy” rating on shares of AerCap in a research report on Thursday, February 15th. Morgan Stanley upped their price target on AerCap from $48.00 to $49.00 and gave the company an “underweight” rating in a research report on Tuesday, February 20th. Finally, Macquarie assumed coverage on AerCap in a research report on Tuesday, March 13th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $58.73.
Shares of NYSE AER opened at $51.43 on Friday. The firm has a market cap of $8,172.58, a PE ratio of 8.12, a PEG ratio of 0.69 and a beta of 1.81. 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 one year low of $42.35 and a one year high of $55.67.
AerCap (NYSE:AER) last issued its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.29. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.23 billion. AerCap had a return on equity of 12.31% and a net margin of 21.36%. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.01 EPS. research analysts expect that AerCap will post 6.22 EPS for the current fiscal year.
AerCap announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 14th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
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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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