Sapience Investments LLC grew its holdings in shares of AerCap Holdings (NYSE:AER) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,490 shares of the financial services provider’s stock after buying an additional 2,400 shares during the quarter. Sapience Investments LLC’s holdings in AerCap were worth $2,288,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in AER. Cerebellum GP LLC purchased a new position in shares of AerCap during the 4th quarter valued at approximately $127,000. Financial Gravity Companies Inc. purchased a new position in shares of AerCap during the 4th quarter valued at approximately $130,000. Icon Wealth Partners LLC purchased a new position in shares of AerCap during the 4th quarter valued at approximately $134,000. Dorsey & Whitney Trust CO LLC purchased a new position in shares of AerCap during the 3rd quarter valued at approximately $208,000. Finally, Magnetar Financial LLC purchased a new position in shares of AerCap during the 3rd quarter valued at approximately $211,000. Institutional investors own 84.48% of the company’s stock.
AER has been the subject of several research analyst reports. Wells Fargo & Co set a $62.00 target price on AerCap and gave the company a “buy” rating in a research note on Friday, December 15th. Deutsche Bank increased their target price on AerCap from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Royal Bank of Canada reiterated a “buy” rating on shares of AerCap in a research note on Thursday, February 15th. Zacks Investment Research upgraded AerCap from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, Citigroup initiated coverage on AerCap in a research note on Friday, December 8th. They set a “neutral” rating and a $57.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $58.73.
AerCap (NYSE:AER) last announced its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.29. AerCap had a return on equity of 12.33% and a net margin of 21.36%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the business posted $2.01 earnings per share. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. analysts predict that AerCap Holdings will post 6.23 EPS for the current fiscal year.
AerCap declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 14th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
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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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