Daiwa Securities Group Inc. cut its stake in shares of AerCap Holdings (NYSE:AER) by 14.4% during the fourth quarter, HoldingsChannel reports. The firm owned 104,547 shares of the financial services provider’s stock after selling 17,560 shares during the period. Daiwa Securities Group Inc.’s holdings in AerCap were worth $5,501,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AER. Bank of Nova Scotia grew its position in AerCap by 4.7% in the second quarter. Bank of Nova Scotia now owns 6,049 shares of the financial services provider’s stock worth $281,000 after acquiring an additional 273 shares in the last quarter. Stifel Financial Corp grew its position in AerCap by 1.6% in the second quarter. Stifel Financial Corp now owns 26,115 shares of the financial services provider’s stock worth $1,213,000 after acquiring an additional 410 shares in the last quarter. HighTower Advisors LLC grew its position in AerCap by 10.7% in the second quarter. HighTower Advisors LLC now owns 8,337 shares of the financial services provider’s stock worth $389,000 after acquiring an additional 803 shares in the last quarter. Timber Creek Capital Management LLC grew its position in AerCap by 1.2% in the fourth quarter. Timber Creek Capital Management LLC now owns 81,785 shares of the financial services provider’s stock worth $4,302,000 after acquiring an additional 970 shares in the last quarter. Finally, Telemus Capital LLC grew its position in AerCap by 4.0% in the fourth quarter. Telemus Capital LLC now owns 25,449 shares of the financial services provider’s stock worth $1,339,000 after acquiring an additional 989 shares in the last quarter. 85.34% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on AER shares. Zacks Investment Research cut shares of AerCap from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 2nd. Cowen boosted their price objective on shares of AerCap from $55.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. UBS Group boosted their price objective on shares of AerCap from $44.00 to $54.00 and gave the stock a “neutral” rating in a research note on Thursday, November 9th. Citigroup started coverage on shares of AerCap in a research note on Friday, December 8th. They issued a “neutral” rating and a $57.00 price objective for the company. Finally, Royal Bank of Canada reduced their price objective on shares of AerCap from $77.00 to $74.00 and set an “outperform” rating for the company in a research note on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $57.30.

Shares of AerCap Holdings (NYSE AER) opened at $50.90 on Monday. The firm has a market cap of $8,043.01, a price-to-earnings ratio of 7.43, a PEG ratio of 0.67 and a beta of 1.80. AerCap Holdings has a one year low of $42.35 and a one year high of $55.67. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.42 and a quick ratio of 0.42.

AerCap declared that its board has approved a stock buyback plan on Thursday, November 2nd that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

ILLEGAL ACTIVITY WARNING: This story was first published by Watch List News and is the property of of Watch List News. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.watchlistnews.com/aercap-holdings-aer-shares-sold-by-daiwa-securities-group-inc/1861079.html.

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.

Want to see what other hedge funds are holding AER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AerCap Holdings (NYSE:AER).

Institutional Ownership by Quarter for AerCap (NYSE:AER)

Receive News & Ratings for AerCap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AerCap and related companies with MarketBeat.com's FREE daily email newsletter.