Investors Buy AerCap Holdings NV (AER) on Weakness
Traders bought shares of AerCap Holdings NV (NYSE:AER) on weakness during trading on Wednesday. $17.05 million flowed into the stock on the tick-up and $13.93 million flowed out of the stock on the tick-down, for a money net flow of $3.12 million into the stock. Of all stocks tracked, AerCap Holdings NV had the 24th highest net in-flow for the day. AerCap Holdings NV traded down ($0.18) for the day and closed at $37.55
Several analysts have recently weighed in on AER shares. FBR & Co restated a “neutral” rating on shares of AerCap Holdings NV in a research note on Thursday, June 2nd. RBC Capital Markets restated an “outperform” rating and set a $74.00 target price (up from $72.00) on shares of AerCap Holdings NV in a research note on Friday, August 12th. Zacks Investment Research downgraded AerCap Holdings NV from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Royal Bank Of Canada raised their target price on AerCap Holdings NV from $72.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, August 11th. Finally, DA Davidson restated a “buy” rating on shares of AerCap Holdings NV in a research note on Monday, August 15th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $54.05.
The firm has a market cap of $6.93 billion, a PE ratio of 7.27 and a beta of 1.69. The stock has a 50-day moving average price of $38.92 and a 200 day moving average price of $38.04.
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AerCap Holdings NV (NYSE:AER) last released its quarterly earnings data on Tuesday, August 9th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.05. AerCap Holdings NV had a net margin of 19.44% and a return on equity of 14.40%. The business earned $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the business earned $1.73 EPS. AerCap Holdings NV’s quarterly revenue was down 7.3% compared to the same quarter last year. Equities analysts expect that AerCap Holdings NV will post $5.85 EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in AER. Bank of Montreal Can acquired a new stake in AerCap Holdings NV during the second quarter valued at about $99,937,000. Norges Bank purchased a new position in shares of AerCap Holdings NV during the fourth quarter valued at approximately $63,613,000. State Street Corp increased its position in shares of AerCap Holdings NV by 76.5% in the second quarter. State Street Corp now owns 3,258,530 shares of the company’s stock valued at $109,460,000 after buying an additional 1,412,365 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of AerCap Holdings NV by 96.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,571,820 shares of the company’s stock valued at $86,387,000 after buying an additional 1,263,525 shares during the period. Finally, BlackRock Fund Advisors increased its position in shares of AerCap Holdings NV by 81.7% in the second quarter. BlackRock Fund Advisors now owns 1,646,012 shares of the company’s stock valued at $55,290,000 after buying an additional 740,260 shares during the period. 88.77% of the stock is owned by institutional investors and hedge funds.
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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