Aercap Holdings N.V. (NYSE:AER) Director James A. Lawrence bought 100,000 shares of Aercap Holdings N.V. stock in a transaction that occurred on Wednesday, August 9th. The shares were acquired at an average cost of $49.81 per share, for a total transaction of $4,981,000.00. Following the completion of the transaction, the director now directly owns 53,280 shares in the company, valued at $2,653,876.80. The transaction was disclosed in a filing with the SEC, which is available at this link.
Aercap Holdings N.V. (AER) traded down 0.50% on Friday, reaching $47.96. The company had a trading volume of 858,341 shares. The firm has a market capitalization of $7.70 billion, a price-to-earnings ratio of 7.56 and a beta of 1.87. Aercap Holdings N.V. has a 52-week low of $36.38 and a 52-week high of $50.79. The stock’s 50-day moving average price is $48.52 and its 200 day moving average price is $46.05.
Aercap Holdings N.V. (NYSE:AER) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $1.67 earnings per share for the quarter, topping 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 company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the firm posted $1.22 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. On average, equities analysts anticipate that Aercap Holdings N.V. will post $6.08 earnings per share for the current fiscal year.
Aercap Holdings N.V. declared that its Board of Directors has authorized a share buyback program on Tuesday, May 9th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
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AER has been the topic of a number of recent research reports. Royal Bank Of Canada reiterated a “buy” rating and set a $73.00 price target on shares of Aercap Holdings N.V. in a research report on Friday, April 21st. Zacks Investment Research raised Aercap Holdings N.V. from a “sell” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub raised Aercap Holdings N.V. from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 9th. Credit Suisse Group reissued a “buy” rating and set a $56.00 target price on shares of Aercap Holdings N.V. in a report on Wednesday, May 24th. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $57.00 price target (up previously from $54.00) on shares of Aercap Holdings N.V. in a report on Monday, May 15th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $57.45.
Several institutional investors have recently made changes to their positions in AER. 1st Global Advisors Inc. increased its stake in Aercap Holdings N.V. by 10.9% in the second quarter. 1st Global Advisors Inc. now owns 23,270 shares of the financial services provider’s stock worth $1,080,000 after buying an additional 2,288 shares during the period. Scotia Capital Inc. increased its stake in Aercap Holdings N.V. by 5.1% in the second quarter. Scotia Capital Inc. now owns 21,649 shares of the financial services provider’s stock worth $1,005,000 after buying an additional 1,041 shares during the period. Bank of Nova Scotia increased its stake in Aercap Holdings N.V. by 4.7% in the second quarter. Bank of Nova Scotia now owns 6,049 shares of the financial services provider’s stock worth $281,000 after buying an additional 273 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Aercap Holdings N.V. by 5.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 20,976 shares of the financial services provider’s stock worth $974,000 after buying an additional 1,016 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Aercap Holdings N.V. by 18.6% in the second quarter. The Manufacturers Life Insurance Company now owns 91,355 shares of the financial services provider’s stock worth $4,243,000 after buying an additional 14,309 shares during the period. 89.88% of the stock is 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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