Daiwa Securities Group Inc. Purchases 12,170 Shares of AerCap Holdings NV (AER)
Daiwa Securities Group Inc. boosted its stake in AerCap Holdings NV (NYSE:AER) by 19.3% during the third quarter, Holdings Channel reports. The firm owned 75,340 shares of the company’s stock after buying an additional 12,170 shares during the period. Daiwa Securities Group Inc.’s holdings in AerCap Holdings NV were worth $2,900,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AER. Nikko Asset Management Americas Inc. purchased a new position in AerCap Holdings NV during the third quarter valued at approximately $115,000. LS Investment Advisors LLC raised its position in AerCap Holdings NV by 17.9% in the second quarter. LS Investment Advisors LLC now owns 4,184 shares of the company’s stock worth $141,000 after buying an additional 634 shares during the last quarter. Calvert Investment Management Inc. raised its position in AerCap Holdings NV by 4.4% in the second quarter. Calvert Investment Management Inc. now owns 6,104 shares of the company’s stock worth $205,000 after buying an additional 260 shares during the last quarter. Quantitative Investment Management LLC bought a new position in AerCap Holdings NV during the second quarter worth about $228,000. Finally, Financial Counselors Inc. raised its position in AerCap Holdings NV by 1.5% in the second quarter. Financial Counselors Inc. now owns 7,065 shares of the company’s stock worth $237,000 after buying an additional 106 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors.
AerCap Holdings NV (NYSE:AER) traded down 0.41% during mid-day trading on Tuesday, reaching $43.42. The company’s stock had a trading volume of 2,042,266 shares. AerCap Holdings NV has a 52 week low of $24.61 and a 52 week high of $46.32. The firm has a market capitalization of $7.75 billion, a P/E ratio of 8.88 and a beta of 1.65. The firm’s 50 day moving average price is $41.82 and its 200 day moving average price is $38.73.
AerCap Holdings NV (NYSE:AER) last announced its quarterly earnings results on Tuesday, November 8th. The company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.24. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. AerCap Holdings NV had a return on equity of 14.06% and a net margin of 18.48%. The business’s quarterly revenue was down 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.64 EPS. On average, analysts anticipate that AerCap Holdings NV will post $6.21 EPS for the current fiscal year.
A number of research firms have recently issued reports on AER. RBC Capital Markets reissued an “outperform” rating and issued a $74.00 target price (up previously from $72.00) on shares of AerCap Holdings NV in a report on Friday, August 12th. FBR & Co raised AerCap Holdings NV from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $43.00 to $53.00 in a report on Monday, November 14th. DA Davidson reissued a “buy” rating and issued a $52.00 target price on shares of AerCap Holdings NV in a report on Wednesday, November 9th. TheStreet raised AerCap Holdings NV from a “hold” rating to a “buy” rating in a report on Wednesday, November 9th. Finally, Credit Suisse Group AG reissued a “buy” rating and issued a $55.00 target price on shares of AerCap Holdings NV in a report on Thursday, November 17th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $55.77.
In other news, Director Michael Gradon sold 1,091 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $44.57, for a total transaction of $48,625.87. Following the sale, the director now directly owns 4,122 shares in the company, valued at approximately $183,717.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
About AerCap Holdings NV
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. The Company operates its business on a global basis, leasing aircraft to customers in various geographical region.
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