Basswood Capital Management L.L.C. Grows Stake in AerCap Holdings (AER)
Basswood Capital Management L.L.C. increased its position in shares of AerCap Holdings (NYSE:AER) by 19.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 876,146 shares of the financial services provider’s stock after purchasing an additional 141,179 shares during the period. AerCap comprises about 2.0% of Basswood Capital Management L.L.C.’s investment portfolio, making the stock its 13th largest position. Basswood Capital Management L.L.C.’s holdings in AerCap were worth $34,695,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Riverview Trust Co bought a new stake in shares of AerCap during the fourth quarter valued at approximately $29,000. Penserra Capital Management LLC bought a new stake in shares of AerCap during the fourth quarter valued at approximately $30,000. Oregon Public Employees Retirement Fund increased its position in shares of AerCap by 4,360.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,332,202 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 2,279,910 shares during the period. Advisors Asset Management Inc. increased its position in shares of AerCap by 56.4% during the fourth quarter. Advisors Asset Management Inc. now owns 1,645 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 593 shares during the period. Finally, Stamos Capital Partners L.P. bought a new stake in shares of AerCap during the fourth quarter valued at approximately $103,000. Institutional investors and hedge funds own 86.72% of the company’s stock.
AER has been the topic of a number of research reports. ValuEngine cut AerCap from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Zacks Investment Research cut AerCap from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. Finally, Barclays set a $64.00 price target on AerCap and gave the company a “buy” rating in a research report on Friday, December 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $60.00.
AerCap (NYSE:AER) last announced its quarterly earnings results on Thursday, February 14th. The financial services provider reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.05). AerCap had a net margin of 21.16% and a return on equity of 11.55%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company earned $1.67 earnings per share. The business’s revenue was down 3.4% on a year-over-year basis. As a group, research analysts predict that AerCap Holdings will post 6.58 EPS for the current fiscal year.
AerCap Company Profile
AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in China, the United States, Ireland, and internationally. The company offers aircraft asset management services, including remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.
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