Alliancebernstein L.P. trimmed its position in AerCap (NYSE:AER) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,471 shares of the financial services provider’s stock after selling 1,364 shares during the quarter. Alliancebernstein L.P.’s holdings in AerCap were worth $1,919,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Financial Gravity Companies Inc. acquired a new stake in AerCap during the 4th quarter valued at approximately $130,000. Icon Wealth Partners LLC acquired a new position in shares of AerCap in the 4th quarter worth approximately $134,000. Eagle Global Advisors LLC grew its position in shares of AerCap by 1.0% in the 4th quarter. Eagle Global Advisors LLC now owns 101,547 shares of the financial services provider’s stock worth $5,342,000 after acquiring an additional 970 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its position in shares of AerCap by 8.3% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,300,000 shares of the financial services provider’s stock worth $68,393,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Princeton Capital Management LLC acquired a new position in shares of AerCap in the 4th quarter worth approximately $537,000. Institutional investors own 84.51% of the company’s stock.
Several brokerages have recently commented on AER. Royal Bank of Canada reiterated a “buy” rating on shares of AerCap in a research report on Thursday, February 15th. Macquarie assumed coverage on AerCap in a research report on Tuesday, March 13th. They set an “outperform” rating for the company. Zacks Investment Research lowered AerCap from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. Morgan Stanley lifted their target price on AerCap from $49.00 to $52.00 and gave the company an “underweight” rating in a research note on Thursday, April 12th. Finally, Deutsche Bank lifted their target price on AerCap from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. AerCap presently has an average rating of “Buy” and an average target price of $59.00.
Shares of AerCap stock opened at $52.26 on Tuesday. AerCap has a 12-month low of $42.35 and a 12-month high of $55.67. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 3.29. The firm has a market cap of $8,166.26, a PE ratio of 8.26, a P/E/G ratio of 0.69 and a beta of 1.81.
AerCap (NYSE:AER) last issued its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.29. AerCap had a return on equity of 12.31% and a net margin of 21.36%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company posted $2.01 earnings per share. AerCap’s revenue for the quarter was down 7.7% compared to the same quarter last year. equities research analysts predict that AerCap will post 6.28 EPS for the current fiscal year.
AerCap announced that its Board of Directors has authorized a share repurchase program on Wednesday, February 14th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
AerCap Company Profile
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.
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.