Aercap Holdings N.V. (AER) Shares Sold by Loews Corp
Loews Corp cut its holdings in Aercap Holdings N.V. (NYSE:AER) by 4.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 360,000 shares of the financial services provider’s stock after selling 15,000 shares during the quarter. Aercap Holdings N.V. comprises 0.1% of Loews Corp’s holdings, making the stock its 8th biggest position. Loews Corp owned approximately 0.22% of Aercap Holdings N.V. worth $16,715,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of AER. BlackRock Inc. grew its position in shares of Aercap Holdings N.V. by 2,870.3% in the 1st quarter. BlackRock Inc. now owns 6,888,129 shares of the financial services provider’s stock valued at $316,648,000 after purchasing an additional 6,656,229 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Aercap Holdings N.V. in the 1st quarter valued at approximately $37,654,000. Bank of Montreal Can grew its position in shares of Aercap Holdings N.V. by 213.9% in the 2nd quarter. Bank of Montreal Can now owns 1,078,899 shares of the financial services provider’s stock valued at $50,094,000 after purchasing an additional 735,151 shares during the period. Thompson Siegel & Walmsley LLC grew its position in shares of Aercap Holdings N.V. by 55.3% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,043,859 shares of the financial services provider’s stock valued at $94,896,000 after purchasing an additional 728,189 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Aercap Holdings N.V. by 21.5% in the 1st quarter. Bank of America Corp DE now owns 3,522,267 shares of the financial services provider’s stock valued at $161,918,000 after purchasing an additional 623,585 shares during the period. Institutional investors and hedge funds own 88.94% of the company’s stock.
In related news, Director Michael Gradon sold 742 shares of Aercap Holdings N.V. stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $50.16, for a total transaction of $37,218.72. Following the transaction, the director now owns 3,380 shares of the company’s stock, valued at $169,540.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James A. Lawrence bought 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were bought at an average cost of $49.81 per share, for a total transaction of $4,981,000.00. Following the transaction, the director now owns 53,280 shares of the company’s stock, valued at $2,653,876.80. The disclosure for this purchase can be found here.
AER has been the subject of several research analyst reports. ValuEngine upgraded Aercap Holdings N.V. from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 19th. Credit Suisse Group reaffirmed a “buy” rating and set a $56.00 price target on shares of Aercap Holdings N.V. in a research report on Wednesday, May 24th. BidaskClub raised Aercap Holdings N.V. from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Morgan Stanley reduced their price target on Aercap Holdings N.V. from $48.00 to $44.00 in a research report on Tuesday, July 4th. Finally, Barclays PLC started coverage on Aercap Holdings N.V. in a research report on Monday, July 10th. They set an “overweight” rating and a $61.00 price target for the company. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $57.45.
Aercap Holdings N.V. (NYSE AER) traded up 0.78% during trading on Friday, reaching $49.39. The company’s stock had a trading volume of 204,676 shares. Aercap Holdings N.V. has a 12 month low of $36.38 and a 12 month high of $50.90. The stock has a market cap of $7.93 billion, a PE ratio of 7.79 and a beta of 1.85. The company’s 50-day moving average is $49.14 and its 200-day moving average is $46.48.
Aercap Holdings N.V. (NYSE:AER) last released its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.29. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. Aercap Holdings N.V. had a return on equity of 14.43% and a net margin of 22.26%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.22 earnings per share. Equities analysts expect that Aercap Holdings N.V. will post $6.08 EPS for the current fiscal year.
Aercap Holdings N.V. declared that its Board of Directors has initiated a stock buyback plan on Thursday, August 3rd that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
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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