Aercap Holdings N.V. (AER) Holdings Boosted by Allianz Asset Management GmbH

Allianz Asset Management GmbH raised its stake in Aercap Holdings N.V. (NYSE:AER) by 1.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,232,543 shares of the financial services provider’s stock after purchasing an additional 22,693 shares during the period. Allianz Asset Management GmbH owned 0.78% of Aercap worth $62,995,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in AER. Israel Discount Bank of New York increased its stake in Aercap by 35.2% in the second quarter. Israel Discount Bank of New York now owns 3,650 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 950 shares during the last quarter. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Aercap during the third quarter worth approximately $208,000. Raymond James Trust N.A. purchased a new position in shares of Aercap during the second quarter worth approximately $228,000. Bank of Nova Scotia grew its position in shares of Aercap by 4.7% during the second quarter. Bank of Nova Scotia now owns 6,049 shares of the financial services provider’s stock worth $281,000 after acquiring an additional 273 shares during the last quarter. Finally, Financial Counselors Inc. grew its position in shares of Aercap by 3.8% during the second quarter. Financial Counselors Inc. now owns 6,881 shares of the financial services provider’s stock worth $319,000 after acquiring an additional 249 shares during the last quarter. Institutional investors own 85.87% of the company’s stock.

Aercap Holdings N.V. (AER) opened at $51.88 on Wednesday. Aercap Holdings N.V. has a 1 year low of $41.34 and a 1 year high of $54.50. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a market cap of $8,213.67, a price-to-earnings ratio of 7.59, a P/E/G ratio of 0.71 and a beta of 1.84.

Aercap (NYSE:AER) last posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.15. Aercap had a net margin of 22.84% and a return on equity of 13.84%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the firm posted $1.22 EPS. Aercap’s quarterly revenue was up 3.9% on a year-over-year basis. equities analysts anticipate that Aercap Holdings N.V. will post 6.14 earnings per share for the current year.

Aercap declared that its board has authorized a share repurchase plan on Thursday, November 2nd that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

A number of brokerages have recently issued reports on AER. BidaskClub lowered shares of Aercap from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 15th. Zacks Investment Research upgraded shares of Aercap from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Royal Bank Of Canada lowered their target price on shares of Aercap from $77.00 to $74.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 14th. UBS raised their target price on shares of Aercap from $44.00 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, November 9th. Finally, Cowen raised their target price on shares of Aercap from $55.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $57.10.

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Aercap 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.

Institutional Ownership by Quarter for Aercap (NYSE:AER)

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