AerCap (AER) is Eagle Boston Investment Management Inc.’s 7th Largest Position

Eagle Boston Investment Management Inc. lifted its position in AerCap (NYSE:AER) by 5.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 329,488 shares of the financial services provider’s stock after purchasing an additional 15,663 shares during the period. AerCap comprises 1.7% of Eagle Boston Investment Management Inc.’s portfolio, making the stock its 7th largest holding. Eagle Boston Investment Management Inc.’s holdings in AerCap were worth $16,711,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Timber Creek Capital Management LLC increased its stake in shares of AerCap by 1.2% in the fourth quarter. Timber Creek Capital Management LLC now owns 81,785 shares of the financial services provider’s stock worth $4,302,000 after purchasing an additional 970 shares in the last quarter. Eagle Global Advisors LLC increased its stake in shares of AerCap by 1.0% in the fourth quarter. Eagle Global Advisors LLC now owns 101,547 shares of the financial services provider’s stock worth $5,342,000 after purchasing an additional 970 shares in the last quarter. Telemus Capital LLC increased its stake in shares of AerCap by 4.0% in the fourth quarter. Telemus Capital LLC now owns 25,449 shares of the financial services provider’s stock worth $1,339,000 after purchasing an additional 989 shares in the last quarter. Quadrant Capital Management LLC grew its stake in AerCap by 2.0% during the fourth quarter. Quadrant Capital Management LLC now owns 54,210 shares of the financial services provider’s stock valued at $2,852,000 after acquiring an additional 1,075 shares in the last quarter. Finally, Toronto Dominion Bank grew its stake in AerCap by 18.7% during the fourth quarter. Toronto Dominion Bank now owns 8,306 shares of the financial services provider’s stock valued at $437,000 after acquiring an additional 1,306 shares in the last quarter. 84.78% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on AER shares. Zacks Investment Research raised shares of AerCap from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Royal Bank of Canada reaffirmed a “buy” rating on shares of AerCap in a research note on Thursday, February 15th. Deutsche Bank raised their target price on shares of AerCap from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Morgan Stanley raised their target price on shares of AerCap from $48.00 to $49.00 and gave the company an “underweight” rating in a research note on Tuesday, February 20th. Finally, Macquarie started coverage on shares of AerCap in a research note on Tuesday, March 13th. They set an “outperform” rating for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $60.80.

Shares of AerCap opened at $55.52 on Friday, MarketBeat.com reports. AerCap has a 52 week low of $55.53 and a 52 week high of $55.88. The firm has a market capitalization of $8.82 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 0.73 and a beta of 1.81. The company has a debt-to-equity ratio of 3.34, a current ratio of 0.60 and a quick ratio of 0.60.

AerCap (NYSE:AER) last issued its quarterly earnings data on Thursday, May 3rd. The financial services provider reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.18. AerCap had a net margin of 21.52% and a return on equity of 12.54%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the company posted $1.48 EPS. The business’s revenue was down 1.4% on a year-over-year basis. research analysts expect that AerCap will post 6.35 EPS for the current fiscal year.

AerCap declared that its Board of Directors has approved a share repurchase program on Wednesday, February 14th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

About AerCap

AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in Mainland China, Hong Kong, Macau, the United States, Ireland, and internationally. The company provides aircraft asset management services, including remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.

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Institutional Ownership by Quarter for AerCap (NYSE:AER)

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