Aercap Holdings N.V. (NYSE:AER) Upgraded to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of Aercap Holdings N.V. (NYSE:AER) from a sell rating to a hold rating in a report published on Friday.
According to Zacks, “AERCAP HOLDINGS is an integrated global aviation company with a leading market position in aircraft and engine leasing, trading and parts sales.They also provides aircraft management services and performs aircraft and engine maintenance, repair and overhaul services and aircraft disassemblies through its certified repair stations. “
Other equities research analysts also recently issued research reports about the stock. ValuEngine upgraded shares of Aercap Holdings N.V. from a buy rating to a strong-buy rating in a research note on Tuesday, June 27th. BidaskClub upgraded shares of Aercap Holdings N.V. from a hold rating to a buy rating in a research note on Tuesday, June 13th. FBR & Co restated 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. Citigroup Inc. restated a buy rating and issued a $57.00 price objective (up previously from $54.00) on shares of Aercap Holdings N.V. in a research note on Monday, May 15th. Finally, Barclays PLC assumed coverage on shares of 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. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $57.80.
Shares of Aercap Holdings N.V. (AER) opened at 50.24 on Friday. The company has a 50-day moving average of $47.35 and a 200 day moving average of $45.55. The firm has a market capitalization of $8.36 billion, a PE ratio of 8.54 and a beta of 1.87. Aercap Holdings N.V. has a 12-month low of $36.16 and a 12-month high of $50.45.
Aercap Holdings N.V. (NYSE:AER) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.29. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. Aercap Holdings N.V. had a net margin of 22.26% and a return on equity of 14.43%. Aercap Holdings N.V.’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted $1.22 earnings per share. On average, analysts predict that Aercap Holdings N.V. will post $6.05 EPS for the current year.
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Aercap Holdings N.V. announced that its board has authorized a share buyback program on Tuesday, May 9th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
In other Aercap Holdings N.V. news, COO Dikken Wouter Marinus Den sold 50,000 shares of Aercap Holdings N.V. stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $43.99, for a total transaction of $2,199,500.00. Following the sale, the chief operating officer now owns 205,808 shares in the company, valued at $9,053,493.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James N. Chapman sold 4,000 shares of Aercap Holdings N.V. stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $44.58, for a total transaction of $178,320.00. Following the sale, the director now owns 11,261 shares in the company, valued at approximately $502,015.38. The disclosure for this sale can be found here. Insiders have sold 154,000 shares of company stock worth $7,364,820 in the last quarter.
Large investors have recently bought and sold shares of the company. Intrust Bank NA increased its stake in Aercap Holdings N.V. by 25.8% in the second quarter. Intrust Bank NA now owns 36,548 shares of the financial services provider’s stock worth $1,697,000 after buying an additional 7,485 shares in the last quarter. Prudential Financial Inc. increased its stake in Aercap Holdings N.V. by 20.4% in the second quarter. Prudential Financial Inc. now owns 20,067 shares of the financial services provider’s stock worth $932,000 after buying an additional 3,406 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in Aercap Holdings N.V. during the second quarter worth $5,567,000. Comerica Bank increased its stake in Aercap Holdings N.V. by 9.2% in the second quarter. Comerica Bank now owns 110,447 shares of the financial services provider’s stock worth $5,456,000 after buying an additional 9,329 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in Aercap Holdings N.V. by 0.9% in the second quarter. Legal & General Group Plc now owns 1,049,257 shares of the financial services provider’s stock worth $48,721,000 after buying an additional 9,147 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.
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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