Aercap Holdings N.V. (AER) Cut to “Buy” at BidaskClub

BidaskClub lowered shares of Aercap Holdings N.V. (NYSE:AER) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday.

Other analysts also recently issued reports about the stock. ValuEngine upgraded shares of Aercap Holdings N.V. from a buy rating to a strong-buy rating in a research report on Tuesday, June 27th. Zacks Investment Research raised shares of Aercap Holdings N.V. from a sell rating to a hold rating in a research note on Friday, August 4th. Barclays PLC assumed coverage on shares of Aercap Holdings N.V. in a research note on Monday, July 10th. They set an overweight rating and a $61.00 target price on the stock. FBR & Co reissued an outperform rating and set a $53.00 target price on shares of Aercap Holdings N.V. in a research note on Monday, April 17th. Finally, Citigroup Inc. reissued a buy rating and set a $57.00 target price (up previously from $54.00) on shares of Aercap Holdings N.V. in a research note on Monday, May 15th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $57.45.

Aercap Holdings N.V. (NYSE AER) opened at 48.20 on Tuesday. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of 7.60 and a beta of 1.87. The firm’s 50-day moving average is $48.48 and its 200 day moving average is $46.03. Aercap Holdings N.V. has a 12 month low of $36.38 and a 12 month high of $50.79.

Aercap Holdings N.V. (NYSE:AER) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.29. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. Aercap Holdings N.V. had a net margin of 22.26% and a return on equity of 14.43%. Aercap Holdings N.V.’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $1.22 EPS. Equities analysts predict that Aercap Holdings N.V. will post $6.06 earnings per share for the current year.

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Aercap Holdings N.V. declared that its Board of Directors has initiated a stock buyback program on Tuesday, May 9th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

In other news, CEO Aengus Kelly sold 100,000 shares of Aercap Holdings N.V. stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $49.87, for a total value of $4,987,000.00. Following the transaction, the chief executive officer now owns 2,231,875 shares of the company’s stock, valued at approximately $111,303,606.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Dikken Wouter Marinus Den sold 50,000 shares of Aercap Holdings N.V. stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $43.99, for a total transaction 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 approximately $9,053,493.92. The disclosure for this sale can be found here. Insiders sold a total of 150,742 shares of company stock worth $7,223,719 in the last ninety days.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Aercap Holdings N.V. by 2,870.3% in the first quarter. BlackRock Inc. now owns 6,888,129 shares of the financial services provider’s stock valued at $316,648,000 after buying an additional 6,656,229 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of Aercap Holdings N.V. during the first quarter valued at about $87,195,000. Cambiar Investors LLC boosted its position in shares of Aercap Holdings N.V. by 25.8% in the first quarter. Cambiar Investors LLC now owns 6,178,585 shares of the financial services provider’s stock valued at $284,030,000 after buying an additional 1,265,298 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Aercap Holdings N.V. during the first quarter valued at about $37,654,000. Finally, Bank of Montreal Can boosted its position in shares of Aercap Holdings N.V. by 213.9% in the second quarter. Bank of Montreal Can now owns 1,078,899 shares of the financial services provider’s stock valued at $50,094,000 after buying an additional 735,151 shares in the last quarter. 89.88% of the stock is currently owned by institutional investors.

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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