Aercap Holdings N.V. (AER) Stake Lowered by First Mercantile Trust Co.

First Mercantile Trust Co. lowered its position in Aercap Holdings N.V. (NYSE:AER) by 13.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,340 shares of the financial services provider’s stock after selling 10,460 shares during the period. First Mercantile Trust Co.’s holdings in Aercap Holdings N.V. were worth $3,173,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Financial Architects Inc increased its stake in shares of 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 worth $114,000 after buying an additional 1,223 shares in the last quarter. Israel Discount Bank of New York purchased a new stake in shares of Aercap Holdings N.V. during the first quarter worth about $124,000. Huntington National Bank increased its stake in shares of Aercap Holdings N.V. by 4.8% in the second quarter. Huntington National Bank now owns 2,973 shares of the financial services provider’s stock worth $138,000 after buying an additional 136 shares in the last quarter. James Investment Research Inc. purchased a new stake in shares of Aercap Holdings N.V. during the first quarter worth about $146,000. Finally, Atria Investments LLC purchased a new stake in shares of Aercap Holdings N.V. during the second quarter worth about $211,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Aercap Holdings N.V. (AER) opened at 48.96 on Friday. Aercap Holdings N.V. has a 12 month low of $36.38 and a 12 month high of $50.79. The stock has a market cap of $7.86 billion, a PE 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 released its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the business earned $1.22 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. Analysts anticipate that Aercap Holdings N.V. will post $6.07 EPS for the current year.

Aercap Holdings N.V. declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, May 9th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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A number of brokerages have recently issued reports on AER. BidaskClub upgraded shares of Aercap Holdings N.V. from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Royal Bank Of Canada reiterated a “buy” rating and issued a $77.00 target price on shares of Aercap Holdings N.V. in a report on Friday, August 4th. Zacks Investment Research upgraded shares of Aercap Holdings N.V. from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Barclays PLC began coverage on shares of Aercap Holdings N.V. in a report on Monday, July 10th. They issued an “overweight” rating and a $61.00 target price for the company. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $57.00 target price (up previously from $54.00) on shares of Aercap Holdings N.V. in a report on Monday, May 15th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Aercap Holdings N.V. presently has a consensus rating of “Buy” and a consensus price target of $57.80.

In other news, COO Dikken Wouter Marinus Den sold 50,000 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $43.99, for a total value of $2,199,500.00. Following the completion of the transaction, the chief operating officer now directly owns 205,808 shares in the company, valued at $9,053,493.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Aengus Kelly sold 100,000 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $49.87, for a total transaction of $4,987,000.00. Following the completion of the transaction, the chief executive officer now owns 2,231,875 shares of the company’s stock, valued at $111,303,606.25. The disclosure for this sale can be found here. Insiders sold 150,742 shares of company stock valued at $7,223,719 in 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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Institutional Ownership by Quarter for Aercap Holdings N.V. (NYSE:AER)

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