Ingalls & Snyder LLC Has $315,000 Position in Aercap Holdings N.V. (NYSE:AER)

Ingalls & Snyder LLC lowered its stake in Aercap Holdings N.V. (NYSE:AER) by 11.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,795 shares of the financial services provider’s stock after selling 905 shares during the period. Ingalls & Snyder LLC’s holdings in Aercap Holdings N.V. were worth $315,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. boosted its stake in shares of Aercap Holdings N.V. by 17.0% in the first quarter. Russell Investments Group Ltd. now owns 315,383 shares of the financial services provider’s stock valued at $14,500,000 after buying an additional 45,801 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Aercap Holdings N.V. by 125.9% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 18,300 shares of the financial services provider’s stock valued at $841,000 after buying an additional 10,200 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Aercap Holdings N.V. by 35.4% in the first quarter. Janney Montgomery Scott LLC now owns 29,400 shares of the financial services provider’s stock valued at $1,352,000 after buying an additional 7,681 shares during the last quarter. Howard Hughes Medical Institute boosted its stake in Aercap Holdings N.V. by 7.3% in the first quarter. Howard Hughes Medical Institute now owns 92,429 shares of the financial services provider’s stock valued at $4,249,000 after buying an additional 6,267 shares in the last quarter. Finally, Korea Investment CORP boosted its stake in Aercap Holdings N.V. by 118.6% in the first quarter. Korea Investment CORP now owns 47,000 shares of the financial services provider’s stock valued at $2,161,000 after buying an additional 25,500 shares in the last quarter. Institutional investors and hedge funds own 89.88% of the company’s stock.

Shares of Aercap Holdings N.V. (NYSE:AER) traded down 0.50% during midday trading on Friday, reaching $47.96. The company’s stock had a trading volume of 858,341 shares. The company has a market cap of $7.70 billion, a PE ratio of 7.56 and a beta of 1.87. The company’s 50-day moving average price is $48.52 and its 200-day moving average price is $46.05. Aercap Holdings N.V. has a 12 month low of $36.38 and a 12 month high of $50.79.

Aercap Holdings N.V. (NYSE:AER) last released its earnings results on Thursday, August 3rd. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.29. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. Aercap Holdings N.V. had a net margin of 22.26% and a return on equity of 14.43%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.22 EPS. On average, equities analysts anticipate that Aercap Holdings N.V. will post $6.08 EPS for the current fiscal year.

Aercap Holdings N.V. declared that its Board of Directors has initiated a stock buyback program on Tuesday, May 9th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

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A number of analysts recently commented on AER shares. Royal Bank Of Canada reiterated a “buy” rating and set a $73.00 price target on shares of Aercap Holdings N.V. in a report on Friday, April 21st. Zacks Investment Research upgraded Aercap Holdings N.V. from a “sell” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub upgraded Aercap Holdings N.V. from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 9th. Credit Suisse Group restated a “buy” rating and issued a $56.00 target price on shares of Aercap Holdings N.V. in a research note on Wednesday, May 24th. Finally, Citigroup Inc. restated a “buy” rating and issued a $57.00 target price (up from $54.00) on shares of Aercap Holdings N.V. in a research note on Monday, May 15th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Aercap Holdings N.V. presently has an average rating of “Buy” and a consensus target price of $57.45.

In other news, Director Michael Gradon sold 742 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $50.16, for a total value of $37,218.72. Following the sale, the director now directly owns 3,380 shares in the company, valued at approximately $169,540.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Aengus Kelly sold 100,000 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $49.87, for a total transaction of $4,987,000.00. Following the completion of the sale, the chief executive officer now owns 2,231,875 shares in the company, valued at $111,303,606.25. The disclosure for this sale can be found here. Insiders sold a total of 150,742 shares of company stock worth $7,223,719 over the last 90 days.

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.

Institutional Ownership by Quarter for Aercap Holdings N.V. (NYSE:AER)

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