The Northern Trust Corp Purchases 9,219 Shares of AerCap Holdings NV (AER)

The Northern Trust Corp Purchases 9,219 Shares of AerCap Holdings NV (AER)

Northern Trust Corp boosted its stake in AerCap Holdings NV (NYSE:AER) by 0.5% during the third quarter, Holdings Channel reports. The fund owned 1,741,558 shares of the company’s stock after buying an additional 9,219 shares during the period. Northern Trust Corp owned approximately 0.94% of AerCap Holdings NV worth $67,033,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Genesee Valley Trust Co. raised its position in shares of AerCap Holdings NV by 1.9% in the third quarter. Genesee Valley Trust Co. now owns 9,164 shares of the company’s stock valued at $353,000 after buying an additional 170 shares during the last quarter. Scotia Capital Inc. raised its position in shares of AerCap Holdings NV by 0.9% in the second quarter. Scotia Capital Inc. now owns 20,034 shares of the company’s stock valued at $675,000 after buying an additional 173 shares during the last quarter. Stifel Financial Corp raised its position in shares of AerCap Holdings NV by 1.0% in the second quarter. Stifel Financial Corp now owns 21,387 shares of the company’s stock valued at $718,000 after buying an additional 205 shares during the last quarter. Advisor Group Inc. raised its position in shares of AerCap Holdings NV by 3.3% in the third quarter. Advisor Group Inc. now owns 7,587 shares of the company’s stock valued at $290,000 after buying an additional 243 shares during the last quarter. Finally, Calvert Investment Management Inc. raised its position in shares of AerCap Holdings NV by 4.4% in the second quarter. Calvert Investment Management Inc. now owns 6,104 shares of the company’s stock valued at $205,000 after buying an additional 260 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Shares of AerCap Holdings NV (NYSE:AER) opened at 42.53 on Thursday. The company’s 50 day moving average price is $43.01 and its 200-day moving average price is $40.18. The stock has a market capitalization of $7.59 billion, a P/E ratio of 8.70 and a beta of 1.60. AerCap Holdings NV has a 12 month low of $24.61 and a 12 month high of $45.53.

AerCap Holdings NV (NYSE:AER) last posted its earnings results on Tuesday, November 8th. The company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.24. AerCap Holdings NV had a return on equity of 14.06% and a net margin of 18.48%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the business earned $1.64 EPS. The business’s revenue for the quarter was down 7.3% on a year-over-year basis. Equities analysts predict that AerCap Holdings NV will post $6.29 earnings per share for the current year.

Several brokerages have issued reports on AER. DA Davidson reiterated a “buy” rating and issued a $52.00 price target on shares of AerCap Holdings NV in a report on Wednesday, November 9th. FBR & Co restated a “buy” rating on shares of AerCap Holdings NV in a report on Monday, November 21st. RBC Capital Markets restated a “buy” rating and issued a $72.00 target price on shares of AerCap Holdings NV in a report on Friday, January 6th. Stephens began coverage on AerCap Holdings NV in a report on Tuesday, November 1st. They issued an “overweight” rating and a $64.00 target price on the stock. Finally, TheStreet upgraded AerCap Holdings NV from a “hold” rating to a “buy” rating in a report on Wednesday, November 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company’s stock. AerCap Holdings NV currently has an average rating of “Buy” and an average price target of $55.96.

In other AerCap Holdings NV news, CEO Aengus Kelly sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $43.71, for a total transaction of $4,371,000.00. Following the transaction, the chief executive officer now owns 2,331,875 shares in the company, valued at approximately $101,926,256.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Gradon sold 1,091 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $44.57, for a total value of $48,625.87. Following the transaction, the director now owns 4,122 shares in the company, valued at approximately $183,717.54. The disclosure for this sale can be found here.

AerCap Holdings NV 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. The Company operates its business on a global basis, leasing aircraft to customers in various geographical region.

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