The Manufacturers Life Insurance Company trimmed its holdings in shares of AerCap Holdings (NYSE:AER) by 21.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 62,466 shares of the financial services provider’s stock after selling 16,652 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in AerCap were worth $3,286,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of AerCap by 197.8% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,100 shares of the financial services provider’s stock worth $1,385,000 after acquiring an additional 18,000 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of AerCap by 68.3% during the third quarter. BNP Paribas Arbitrage SA now owns 119,398 shares of the financial services provider’s stock worth $6,102,000 after acquiring an additional 48,448 shares during the last quarter. First Trust Advisors LP bought a new position in shares of AerCap during the third quarter worth about $555,000. KBC Group NV grew its position in shares of AerCap by 5.1% during the third quarter. KBC Group NV now owns 74,299 shares of the financial services provider’s stock worth $3,797,000 after acquiring an additional 3,623 shares during the last quarter. Finally, Macquarie Group Ltd. grew its position in shares of AerCap by 68.5% during the third quarter. Macquarie Group Ltd. now owns 12,300 shares of the financial services provider’s stock worth $629,000 after acquiring an additional 5,000 shares during the last quarter. 84.48% of the stock is currently owned by institutional investors.
AER has been the subject of several recent research reports. Royal Bank of Canada lowered their price target on shares of AerCap from $77.00 to $74.00 and set an “outperform” rating for the company in a research report on Tuesday, November 14th. Citigroup initiated coverage on shares of AerCap in a research report on Friday, December 8th. They set a “neutral” rating and a $57.00 price target for the company. Wells Fargo & Co set a $62.00 price target on shares of AerCap and gave the stock a “buy” rating in a research report on Friday, December 15th. Zacks Investment Research lowered shares of AerCap from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 2nd. Finally, Deutsche Bank upped their price target on shares of AerCap from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. AerCap presently has an average rating of “Buy” and a consensus target price of $58.73.
AerCap (NYSE:AER) last announced its earnings results on Wednesday, February 14th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.29. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. AerCap had a net margin of 21.36% and a return on equity of 12.33%. AerCap’s revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.01 EPS. equities analysts forecast that AerCap Holdings will post 6.23 earnings per share for the current fiscal year.
AerCap declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 14th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
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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