Marble Arch Investments LP decreased its holdings in shares of AerCap Holdings (NYSE:AER) by 8.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 927,000 shares of the financial services provider’s stock after selling 90,000 shares during the quarter. AerCap accounts for approximately 3.8% of Marble Arch Investments LP’s investment portfolio, making the stock its 13th largest position. Marble Arch Investments LP owned 0.59% of AerCap worth $48,769,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. raised its stake in AerCap by 2.9% during the fourth quarter. BlackRock Inc. now owns 7,015,219 shares of the financial services provider’s stock worth $369,070,000 after acquiring an additional 197,040 shares in the last quarter. Cambiar Investors LLC raised its stake in AerCap by 0.8% during the fourth quarter. Cambiar Investors LLC now owns 6,613,719 shares of the financial services provider’s stock worth $347,948,000 after acquiring an additional 54,888 shares in the last quarter. Lyrical Asset Management LP raised its stake in AerCap by 2.4% during the fourth quarter. Lyrical Asset Management LP now owns 5,161,531 shares of the financial services provider’s stock worth $271,548,000 after acquiring an additional 119,096 shares in the last quarter. Neuberger Berman Group LLC raised its stake in AerCap by 7.5% during the third quarter. Neuberger Berman Group LLC now owns 3,320,387 shares of the financial services provider’s stock worth $169,705,000 after acquiring an additional 230,716 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in AerCap by 135.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,242,647 shares of the financial services provider’s stock worth $117,986,000 after acquiring an additional 1,288,455 shares in the last quarter. 84.48% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have commented on AER. Zacks Investment Research raised AerCap from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Royal Bank of Canada reaffirmed a “buy” rating on shares of AerCap in a research note on Thursday, February 15th. Deutsche Bank upped their price objective on AerCap from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Citigroup started coverage on AerCap in a research note on Friday, December 8th. They issued a “neutral” rating and a $57.00 price objective for the company. Finally, Wells Fargo & Co set a $62.00 price objective on AerCap and gave the company a “buy” rating in a research note on Friday, December 15th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. AerCap currently has a consensus rating of “Buy” and a consensus price target of $58.73.
AerCap (NYSE:AER) last announced its earnings results on Wednesday, February 14th. The financial services provider reported $1.67 EPS for the quarter, beating 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 business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the business posted $2.01 earnings per share. The firm’s revenue was down 7.7% on a year-over-year basis. analysts expect that AerCap Holdings will post 6.23 EPS for the current fiscal year.
AerCap announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 14th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are usually 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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