Aercap Holdings N.V. (NYSE:AER) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday.

According to Zacks, “AERCAP HOLDINGS is an integrated global aviation company with a leading market position in aircraft and engine leasing, trading and parts sales.They also provides aircraft management services and performs aircraft and engine maintenance, repair and overhaul services and aircraft disassemblies through its certified repair stations. “

Other analysts also recently issued research reports about the stock. ValuEngine raised shares of Aercap Holdings N.V. from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Cowen and Company reaffirmed a “buy” rating and issued a $55.00 price target on shares of Aercap Holdings N.V. in a report on Thursday. BidaskClub downgraded shares of Aercap Holdings N.V. from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 15th. Barclays PLC assumed coverage on shares of Aercap Holdings N.V. in a report on Monday, July 10th. They issued an “overweight” rating and a $61.00 price target on the stock. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $77.00 price target on shares of Aercap Holdings N.V. in a report on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Aercap Holdings N.V. has an average rating of “Buy” and a consensus price target of $57.55.

Aercap Holdings N.V. (AER) traded up 0.08% during mid-day trading on Thursday, reaching $52.04. 326,404 shares of the company’s stock were exchanged. The stock has a market capitalization of $8.36 billion, a PE ratio of 8.21 and a beta of 1.86. The firm’s 50-day moving average is $50.15 and its 200 day moving average is $47.27. Aercap Holdings N.V. has a 1-year low of $38.20 and a 1-year high of $52.37.

Aercap Holdings N.V. (NYSE:AER) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.29. Aercap Holdings N.V. had a net margin of 22.26% and a return on equity of 14.43%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm earned $1.22 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. Analysts forecast that Aercap Holdings N.V. will post $6.10 earnings per share for the current fiscal year.

Aercap Holdings N.V. declared that its board has authorized a share repurchase plan on Thursday, August 3rd that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

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In other news, Director James A. Lawrence acquired 100,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was acquired at an average price of $49.81 per share, with a total value of $4,981,000.00. Following the completion of the transaction, the director now directly owns 53,280 shares in the company, valued at approximately $2,653,876.80. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael Gradon sold 742 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $50.16, for a total transaction of $37,218.72. Following the completion of the transaction, the director now directly owns 3,380 shares of the company’s stock, valued at approximately $169,540.80. The disclosure for this sale can be found here.

A number of hedge funds have recently modified their holdings of AER. Bank of New York Mellon Corp increased its position in Aercap Holdings N.V. by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 416,775 shares of the financial services provider’s stock worth $19,159,000 after purchasing an additional 12,291 shares during the last quarter. Prudential Financial Inc. increased its position in Aercap Holdings N.V. by 0.7% during the first quarter. Prudential Financial Inc. now owns 16,661 shares of the financial services provider’s stock worth $766,000 after purchasing an additional 108 shares during the last quarter. Stifel Financial Corp increased its position in Aercap Holdings N.V. by 33.2% during the first quarter. Stifel Financial Corp now owns 25,705 shares of the financial services provider’s stock worth $1,179,000 after purchasing an additional 6,413 shares during the last quarter. Victory Capital Management Inc. increased its position in Aercap Holdings N.V. by 3.8% during the first quarter. Victory Capital Management Inc. now owns 34,659 shares of the financial services provider’s stock worth $1,594,000 after purchasing an additional 1,276 shares during the last quarter. Finally, American International Group Inc. increased its position in Aercap Holdings N.V. by 15.0% during the first quarter. American International Group Inc. now owns 17,799 shares of the financial services provider’s stock worth $818,000 after purchasing an additional 2,328 shares during the last quarter. 88.94% of the stock is owned by hedge funds and other institutional investors.

About Aercap Holdings N.V.

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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