CIBC Asset Management Inc Has $623,000 Stake in Aercap Holdings N.V. (NYSE:AER)
CIBC Asset Management Inc decreased its position in Aercap Holdings N.V. (NYSE:AER) by 4.5% during the second quarter, Holdings Channel reports. The firm owned 13,409 shares of the financial services provider’s stock after selling 632 shares during the period. CIBC Asset Management Inc’s holdings in Aercap Holdings N.V. were worth $623,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Architects Inc raised its position in shares of Aercap Holdings N.V. by 97.0% in the first quarter. Financial Architects Inc now owns 2,484 shares of the financial services provider’s stock worth $114,000 after buying an additional 1,223 shares during the period. Israel Discount Bank of New York purchased a new stake in Aercap Holdings N.V. during the first quarter worth approximately $124,000. Huntington National Bank increased its stake in Aercap Holdings N.V. by 4.8% in the second quarter. Huntington National Bank now owns 2,973 shares of the financial services provider’s stock worth $138,000 after buying an additional 136 shares in the last quarter. James Investment Research Inc. purchased a new stake in Aercap Holdings N.V. during the first quarter worth approximately $146,000. Finally, Atria Investments LLC purchased a new stake in Aercap Holdings N.V. during the second quarter worth approximately $211,000. Institutional investors own 89.88% of the company’s stock.
Shares of Aercap Holdings N.V. (NYSE:AER) opened at 48.63 on Tuesday. Aercap Holdings N.V. has a 12 month low of $36.38 and a 12 month high of $50.79. The firm has a market capitalization of $7.81 billion, a price-to-earnings ratio of 7.67 and a beta of 1.87. The stock’s 50 day moving average price is $48.27 and its 200-day moving average price is $45.96.
Aercap Holdings N.V. (NYSE:AER) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.67 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.29. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. Aercap Holdings N.V. had a return on equity of 14.43% and a net margin of 22.26%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $1.22 EPS. On average, equities research analysts predict that Aercap Holdings N.V. will post $6.06 EPS for the current fiscal year.
Aercap Holdings N.V. declared that its Board of Directors has approved a share buyback plan on Tuesday, May 9th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
A number of analysts have recently commented on the company. BidaskClub raised Aercap Holdings N.V. from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. ValuEngine raised Aercap Holdings N.V. from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Zacks Investment Research raised Aercap Holdings N.V. from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Barclays PLC assumed coverage on Aercap Holdings N.V. in a research note on Monday, July 10th. They issued an “overweight” rating and a $61.00 price objective on the stock. Finally, FBR & Co reissued an “outperform” rating and issued a $53.00 price objective on shares of Aercap Holdings N.V. in a research note on Monday, April 17th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $57.80.
In other Aercap Holdings N.V. news, Director Michael Gradon sold 742 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $50.16, for a total value of $37,218.72. Following the transaction, the director now directly owns 3,380 shares in the company, valued at approximately $169,540.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Aengus Kelly sold 100,000 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $49.87, for a total value of $4,987,000.00. Following the completion of the transaction, the chief executive officer now owns 2,231,875 shares in the company, valued at $111,303,606.25. The disclosure for this sale can be found here. Insiders sold a total of 150,742 shares of company stock worth $7,223,719 over the last quarter.
Aercap Holdings N.V. 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.
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