Eqis Capital Management Inc. raised its position in AerCap Holdings (NYSE:AER) by 56.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 15,407 shares of the financial services provider’s stock after buying an additional 5,557 shares during the period. Eqis Capital Management Inc.’s holdings in AerCap Holdings were worth $708,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in AER. Financial Architects Inc boosted its stake in AerCap Holdings by 97.0% in the first quarter. Financial Architects Inc now owns 2,484 shares of the financial services provider’s stock worth $114,000 after buying an additional 1,223 shares during the last quarter. Nikko Asset Management Americas Inc. acquired a new stake in AerCap Holdings during the third quarter worth approximately $115,000. James Investment Research Inc. acquired a new stake in AerCap Holdings during the first quarter worth approximately $146,000. Integrated Investment Consultants LLC boosted its stake in AerCap Holdings by 33.3% in the first quarter. Integrated Investment Consultants LLC now owns 3,345 shares of the financial services provider’s stock worth $154,000 after buying an additional 835 shares during the last quarter. Finally, Greenleaf Trust acquired a new stake in AerCap Holdings during the first quarter worth approximately $216,000. Institutional investors own 89.40% of the company’s stock.
Shares of AerCap Holdings (NYSE:AER) traded down 2.43% during midday trading on Friday, reaching $44.99. The company had a trading volume of 2,759,750 shares. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 8.15 and a beta of 1.59. AerCap Holdings has a 12-month low of $31.45 and a 12-month high of $49.66. The company has a 50 day moving average of $44.90 and a 200 day moving average of $43.95.
AerCap Holdings (NYSE:AER) last posted its earnings results on Tuesday, February 21st. The financial services provider reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.50. AerCap Holdings had a return on equity of 14.06% and a net margin of 18.48%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the company earned $1.33 earnings per share. AerCap Holdings’s revenue was up 2.3% on a year-over-year basis. Analysts anticipate that AerCap Holdings will post $6.07 EPS for the current year.
A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded AerCap Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, February 23rd. Royal Bank of Canada reiterated an “outperform” rating and set a $73.00 target price (up from $72.00) on shares of AerCap Holdings in a research note on Wednesday, February 22nd. FBR & Co reiterated an “outperform” rating and set a $53.00 target price on shares of AerCap Holdings in a research note on Tuesday, January 24th. They noted that the move was a valuation call. Finally, Morgan Stanley cut AerCap Holdings from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $48.00 to $44.00 in a research note on Thursday, April 6th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $54.56.
In other AerCap Holdings news, COO Dikken Wouter Marinus Den sold 75,000 shares of the stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $44.95, for a total value of $3,371,250.00. Following the transaction, the chief operating officer now owns 203,419 shares of the company’s stock, valued at $9,143,684.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
About AerCap Holdings
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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