AerCap Holdings (AER) Shares Sold by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC cut its stake in shares of AerCap Holdings (NYSE:AER) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 736,009 shares of the financial services provider’s stock after selling 19,453 shares during the quarter. Parametric Portfolio Associates LLC owned 0.47% of AerCap worth $37,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in AER. Israel Discount Bank of New York lifted its holdings in shares of AerCap by 35.2% in the 2nd quarter. Israel Discount Bank of New York now owns 3,650 shares of the financial services provider’s stock worth $169,000 after acquiring an additional 950 shares during the last quarter. Dorsey & Whitney Trust CO LLC bought a new stake in shares of AerCap in the 3rd quarter worth approximately $208,000. Magnetar Financial LLC bought a new stake in shares of AerCap in the 3rd quarter worth approximately $211,000. Caxton Associates LP bought a new stake in shares of AerCap in the 3rd quarter worth approximately $225,000. Finally, Raymond James Trust N.A. bought a new stake in shares of AerCap in the 2nd quarter worth approximately $228,000. Institutional investors and hedge funds own 85.72% of the company’s stock.

AerCap Holdings (AER) opened at $52.98 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 3.17. AerCap Holdings has a one year low of $41.34 and a one year high of $54.50. The company has a market cap of $8,325.86, a price-to-earnings ratio of 7.69, a P/E/G ratio of 0.72 and a beta of 1.84.

AerCap (NYSE:AER) last issued its earnings results on Thursday, November 2nd. The financial services provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.47 by $0.15. AerCap had a net margin of 22.84% and a return on equity of 13.84%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the firm earned $1.22 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. analysts anticipate that AerCap Holdings will post 6.14 EPS for the current year.

AerCap declared that its Board of Directors has approved a stock repurchase program 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. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

A number of brokerages have recently weighed in on AER. Citigroup began coverage on shares of AerCap in a report on Friday, December 8th. They issued a “neutral” rating and a $57.00 price objective for the company. Wells Fargo & Company set a $62.00 price objective on shares of AerCap and gave the stock a “buy” rating in a report on Friday, December 15th. Zacks Investment Research lowered shares of AerCap from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. UBS boosted their price objective on shares of AerCap from $44.00 to $54.00 and gave the stock a “neutral” rating in a report on Thursday, November 9th. Finally, Cowen reaffirmed a “buy” rating and issued a $55.00 target price on shares of AerCap in a research note on Thursday, October 12th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. AerCap currently has an average rating of “Buy” and a consensus target price of $57.55.

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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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