Liberty Mutual Group Asset Management Inc. Purchases Shares of 5,400 AerCap Holdings (AER)
Liberty Mutual Group Asset Management Inc. purchased a new stake in AerCap Holdings (NYSE:AER) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 5,400 shares of the financial services provider’s stock, valued at approximately $284,000.
Several other institutional investors have also recently bought and sold shares of the company. Brown Advisory Inc. grew its stake in shares of AerCap by 99.8% in the 4th quarter. Brown Advisory Inc. now owns 10,569 shares of the financial services provider’s stock valued at $556,000 after buying an additional 5,278 shares during the period. Suntrust Banks Inc. grew its stake in shares of AerCap by 6.1% in the 4th quarter. Suntrust Banks Inc. now owns 39,456 shares of the financial services provider’s stock valued at $2,075,000 after buying an additional 2,256 shares during the period. FDx Advisors Inc. grew its stake in shares of AerCap by 18.9% in the 4th quarter. FDx Advisors Inc. now owns 34,771 shares of the financial services provider’s stock valued at $1,829,000 after buying an additional 5,522 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of AerCap by 135.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,242,647 shares of the financial services provider’s stock valued at $117,986,000 after buying an additional 1,288,455 shares during the period. Finally, Frontier Investment Mgmt Co. grew its stake in shares of AerCap by 44.0% in the 4th quarter. Frontier Investment Mgmt Co. now owns 96,315 shares of the financial services provider’s stock valued at $5,067,000 after buying an additional 29,430 shares during the period. 81.94% of the stock is owned by institutional investors and hedge funds.
AER has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of AerCap from a “sell” rating to a “hold” rating in a report on Monday, November 6th. UBS Group upped their price objective on shares of AerCap from $44.00 to $54.00 and gave the stock a “neutral” rating in a report on Thursday, November 9th. Royal Bank of Canada decreased their price objective on shares of AerCap from $77.00 to $74.00 and set an “outperform” rating on the stock in a report on Tuesday, November 14th. Citigroup initiated coverage on shares of AerCap in a report on Friday, December 8th. They issued a “neutral” rating and a $57.00 price objective on the stock. Finally, Wells Fargo & Co set a $62.00 price objective on shares of AerCap and gave the stock a “buy” rating in a report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $58.73.
AerCap (NYSE:AER) last released its earnings results on Wednesday, February 14th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.29. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.23 billion. AerCap had a net margin of 21.36% and a return on equity of 12.33%. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.01 EPS. equities analysts predict that AerCap Holdings will post 6.22 earnings per share for the current year.
AerCap announced that its board has initiated a share buyback program on Wednesday, February 14th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
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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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