Western Standard LLC Invests $332,000 in Aercap Holdings N.V. (AER)
Western Standard LLC bought a new position in shares of Aercap Holdings N.V. (NYSE:AER) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 6,500 shares of the financial services provider’s stock, valued at approximately $332,000.
Other large investors have also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Aercap by 5.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 20,976 shares of the financial services provider’s stock worth $974,000 after purchasing an additional 1,016 shares during the period. Vivaldi Asset Management LLC purchased a new stake in shares of Aercap during the 2nd quarter worth about $6,896,000. AJO LP grew its holdings in shares of Aercap by 46.8% during the 2nd quarter. AJO LP now owns 1,030,970 shares of the financial services provider’s stock worth $47,868,000 after purchasing an additional 328,529 shares during the period. BNP Paribas Arbitrage SA lifted its position in Aercap by 68.3% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 119,398 shares of the financial services provider’s stock worth $6,102,000 after acquiring an additional 48,448 shares in the last quarter. Finally, Korea Investment CORP lifted its position in Aercap by 96.1% during the 3rd quarter. Korea Investment CORP now owns 101,800 shares of the financial services provider’s stock worth $5,203,000 after acquiring an additional 49,900 shares in the last quarter. Institutional investors and hedge funds own 85.87% of the company’s stock.
AER has been the topic of several recent research reports. Cowen reissued a “buy” rating and set a $55.00 price target on shares of Aercap in a research report on Thursday, October 12th. Zacks Investment Research raised Aercap from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Tuesday, August 15th. BidaskClub lowered Aercap from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 15th. UBS boosted their price target on Aercap from $44.00 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, November 9th. Finally, Royal Bank Of Canada reduced their price target on Aercap from $77.00 to $74.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 14th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $57.10.
Aercap Holdings N.V. (NYSE AER) opened at $51.88 on Wednesday. Aercap Holdings N.V. has a 52-week low of $41.34 and a 52-week high of $54.50. The stock has a market capitalization of $8,213.67, a P/E ratio of 7.59, a price-to-earnings-growth ratio of 0.71 and a beta of 1.84. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.42 and a quick ratio of 0.42.
Aercap (NYSE:AER) last announced its earnings results on Thursday, November 2nd. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.15. Aercap had a return on equity of 13.84% and a net margin of 22.84%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the company posted $1.22 EPS. Aercap’s quarterly revenue was up 3.9% on a year-over-year basis. equities research analysts anticipate that Aercap Holdings N.V. will post 6.14 earnings per share for the current year.
Aercap declared that its Board of Directors has initiated a share buyback plan on Thursday, November 2nd that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
Aercap Company 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.
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