LS Investment Advisors LLC Maintains Stake in Aercap Holdings N.V. (NYSE:AER)
LS Investment Advisors LLC continued to hold its position in Aercap Holdings N.V. (NYSE:AER) during the second quarter, Holdings Channel reports. The institutional investor owned 2,964 shares of the financial services provider’s stock at the end of the second quarter. LS Investment Advisors LLC’s holdings in Aercap Holdings N.V. were worth $138,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Financial Architects Inc increased its position in 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 valued at $114,000 after buying an additional 1,223 shares in the last quarter. Israel Discount Bank of New York purchased a new position in Aercap Holdings N.V. during the first quarter valued at about $124,000. James Investment Research Inc. purchased a new position in Aercap Holdings N.V. during the first quarter valued at about $146,000. Atria Investments LLC purchased a new position in Aercap Holdings N.V. during the second quarter valued at about $211,000. Finally, Greenleaf Trust purchased a new position in Aercap Holdings N.V. during the first quarter valued at about $216,000. 86.90% of the stock is owned by institutional investors.
Aercap Holdings N.V. (NYSE:AER) traded down 1.00% during mid-day trading on Thursday, reaching $49.45. 381,033 shares of the company’s stock were exchanged. Aercap Holdings N.V. has a one year low of $36.16 and a one year high of $50.79. The stock has a 50-day moving average of $47.98 and a 200-day moving average of $45.83. The stock has a market cap of $7.94 billion, a price-to-earnings ratio of 7.80 and a beta of 1.87.
Aercap Holdings N.V. (NYSE:AER) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.29. Aercap Holdings N.V. had a return on equity of 14.43% and a net margin of 22.26%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the firm earned $1.22 earnings per share. The business’s revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that Aercap Holdings N.V. will post $6.08 earnings per share for the current year.
Aercap Holdings N.V. announced that its Board of Directors has authorized a stock buyback program 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. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
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AER has been the subject of several recent research reports. Morgan Stanley lowered their price objective on Aercap Holdings N.V. from $48.00 to $44.00 in a research note on Tuesday, July 4th. BidaskClub raised Aercap Holdings N.V. from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. ValuEngine downgraded Aercap Holdings N.V. from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Credit Suisse Group reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Aercap Holdings N.V. in a research note on Wednesday, May 24th. Finally, Citigroup Inc. reaffirmed 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. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Aercap Holdings N.V. presently has a consensus rating of “Buy” and a consensus target price of $57.80.
In related news, CEO Aengus Kelly sold 100,000 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $49.87, for a total value of $4,987,000.00. Following the sale, the chief executive officer now directly owns 2,231,875 shares of the company’s stock, valued at $111,303,606.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael Gradon sold 742 shares of the company’s 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 completion of the sale, the director now directly owns 3,380 shares in the company, valued at $169,540.80. The disclosure for this sale can be found here. Insiders have sold 150,742 shares of company stock worth $7,223,719 over the last three months.
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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