Aercap Holdings N.V. (AER) Holdings Reduced by Billings Capital Management LLC
Billings Capital Management LLC lessened its holdings in shares of Aercap Holdings N.V. (NYSE:AER) by 7.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 250,739 shares of the financial services provider’s stock after selling 19,261 shares during the period. Aercap accounts for 8.3% of Billings Capital Management LLC’s portfolio, making the stock its 6th largest position. Billings Capital Management LLC owned 0.16% of Aercap worth $12,815,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in AER. Israel Discount Bank of New York grew its holdings in shares of Aercap by 35.2% in the 2nd quarter. Israel Discount Bank of New York now owns 3,650 shares of the financial services provider’s stock valued at $169,000 after buying an additional 950 shares during the period. Dorsey & Whitney Trust CO LLC acquired a new position in shares of Aercap in the 3rd quarter valued at $208,000. Magnetar Financial LLC acquired a new position in shares of Aercap in the 3rd quarter valued at $211,000. Caxton Associates LP acquired a new position in shares of Aercap in the 3rd quarter valued at $225,000. Finally, Raymond James Trust N.A. acquired a new position in shares of Aercap in the 2nd quarter valued at $228,000. 85.87% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on AER. BidaskClub lowered shares of Aercap from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 15th. Zacks Investment Research raised shares of Aercap from a “sell” rating to a “hold” rating in a report 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 report on Tuesday, November 14th. Citigroup began coverage on shares of Aercap in a report on Friday, December 8th. They issued a “neutral” rating and a $57.00 price target for the company. Finally, UBS boosted their price target on shares of Aercap from $44.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday, November 9th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $57.10.
Shares of Aercap Holdings N.V. (AER) opened at $52.54 on Wednesday. The company has a market cap of $8,226.31, a price-to-earnings ratio of 7.60, a P/E/G ratio of 0.71 and a beta of 1.84. Aercap Holdings N.V. has a 52-week low of $41.34 and a 52-week high of $54.50. 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 (NYSE:AER) last posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.47 by $0.15. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Aercap had a net margin of 22.84% and a return on equity of 13.84%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.22 EPS. equities analysts predict that Aercap Holdings N.V. will post 6.14 earnings per share for the current fiscal year.
Aercap announced that its board has approved a stock repurchase plan on Thursday, November 2nd that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
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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