Wedge Capital Management L L P NC raised its position in Aercap Holdings N.V. (NYSE:AER) by 9.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,078,371 shares of the financial services provider’s stock after buying an additional 181,589 shares during the period. Aercap Holdings N.V. accounts for about 0.9% of Wedge Capital Management L L P NC’s investment portfolio, making the stock its 26th largest position. Wedge Capital Management L L P NC’s holdings in Aercap Holdings N.V. were worth $96,499,000 as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of the company. Canada Pension Plan Investment Board purchased a new stake in shares of Aercap Holdings N.V. during the second quarter valued at approximately $2,379,000. Trexquant Investment LP bought a new position in Aercap Holdings N.V. during the second quarter worth about $424,000. Korea Investment CORP increased its position in Aercap Holdings N.V. by 10.4% in the second quarter. Korea Investment CORP now owns 51,900 shares of the financial services provider’s stock worth $2,410,000 after buying an additional 4,900 shares during the period. Telemus Capital LLC increased its position in Aercap Holdings N.V. by 6.6% in the second quarter. Telemus Capital LLC now owns 26,268 shares of the financial services provider’s stock worth $1,220,000 after buying an additional 1,637 shares during the period. Finally, Silver Capital Management LLC bought a new position in Aercap Holdings N.V. during the second quarter worth about $550,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.
Aercap Holdings N.V. (NYSE:AER) opened at 48.96 on Friday. Aercap Holdings N.V. has a 52-week low of $36.38 and a 52-week high of $50.79. The company has a market capitalization of $7.86 billion, a P/E ratio of 7.72 and a beta of 1.87. The firm has a 50-day moving average of $48.09 and a 200 day moving average of $45.85.
Aercap Holdings N.V. (NYSE:AER) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $1.67 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.29. Aercap Holdings N.V. had a net margin of 22.26% and a return on equity of 14.43%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the business earned $1.22 earnings per share. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities analysts predict that Aercap Holdings N.V. will post $6.07 earnings per share for the current fiscal year.
Aercap Holdings N.V. declared that its Board of Directors has initiated a share repurchase 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 purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
Several equities analysts have commented on the stock. ValuEngine cut shares of Aercap Holdings N.V. from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research cut shares of Aercap Holdings N.V. from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub raised shares of Aercap Holdings N.V. from a “hold” rating to a “buy” rating in a report on Friday, June 30th. FBR & Co reiterated 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. Finally, Barclays PLC started 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 for the company. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $57.80.
In other Aercap Holdings N.V. news, COO Dikken Wouter Marinus Den sold 50,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $9,053,493.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Aengus Kelly sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $49.87, for a total transaction of $4,987,000.00. Following the sale, the chief executive officer now directly owns 2,231,875 shares in the company, valued at approximately $111,303,606.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 150,742 shares of company stock valued at $7,223,719.
About Aercap Holdings N.V.
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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