AerCap Sees Unusually Large Options Volume (AER)
AerCap Holdings (NYSE:AER) was the recipient of some unusual options trading on Friday. Stock traders acquired 8,690 put options on the company. This is an increase of 15,418% compared to the average daily volume of 56 put options.
A number of equities research analysts recently weighed in on AER shares. Zacks Investment Research raised AerCap from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Royal Bank of Canada dropped their price target on AerCap from $77.00 to $74.00 and set an “outperform” rating for the company in a report on Tuesday, November 14th. Cowen raised their price target on AerCap from $55.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Wells Fargo & Co set a $62.00 price target on AerCap and gave the company a “buy” rating in a report on Friday, December 15th. Finally, Citigroup started coverage on AerCap in a report on Friday, December 8th. They set a “neutral” rating and a $57.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $57.30.
Shares of AerCap (NYSE AER) opened at $54.23 on Monday. The company has a market capitalization of $8,569.20, a price-to-earnings ratio of 8.00, a PEG ratio of 0.73 and a beta of 1.85. AerCap has a 52 week low of $41.54 and a 52 week high of $54.59. 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 announced that its board has approved a stock buyback plan on Thursday, November 2nd that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Financial Counselors Inc. increased its stake in shares of AerCap by 3.8% in the 2nd quarter. Financial Counselors Inc. now owns 6,881 shares of the financial services provider’s stock valued at $319,000 after buying an additional 249 shares during the period. Bank of Nova Scotia increased its stake in shares of AerCap by 4.7% in the 2nd quarter. Bank of Nova Scotia now owns 6,049 shares of the financial services provider’s stock valued at $281,000 after buying an additional 273 shares during the period. Stifel Financial Corp increased its stake in shares of AerCap by 1.6% in the 2nd quarter. Stifel Financial Corp now owns 26,115 shares of the financial services provider’s stock valued at $1,213,000 after buying an additional 410 shares during the period. Stephens Inc. AR increased its stake in shares of AerCap by 1.8% in the 2nd quarter. Stephens Inc. AR now owns 25,520 shares of the financial services provider’s stock valued at $1,185,000 after buying an additional 452 shares during the period. Finally, HighTower Advisors LLC boosted its position in shares of AerCap by 10.7% in the 2nd quarter. HighTower Advisors LLC now owns 8,337 shares of the financial services provider’s stock worth $389,000 after purchasing an additional 803 shares during the last quarter. 85.75% of the stock is owned by institutional investors.
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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