Aercap Holdings N.V. (NYSE:AER) Director Michael Gradon sold 742 shares of the 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 owns 3,380 shares in the company, valued at approximately $169,540.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Aercap Holdings N.V. (NYSE:AER) opened at 47.96 on Friday. 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. The company has a market cap of $7.70 billion, a P/E ratio of 7.56 and a beta of 1.87.
Aercap Holdings N.V. (NYSE:AER) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.29. Aercap Holdings N.V. had a return on equity of 14.43% and a net margin of 22.26%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the business earned $1.22 EPS. Aercap Holdings N.V.’s revenue was up 2.0% on a year-over-year basis. Equities analysts forecast that Aercap Holdings N.V. will post $6.08 EPS for the current fiscal year.
Aercap Holdings N.V. announced that its Board of Directors has authorized a stock buyback program on Tuesday, May 9th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
A number of analysts have weighed in on the company. Morgan Stanley reduced their target price on Aercap Holdings N.V. from $48.00 to $44.00 in a research note on Tuesday, July 4th. ValuEngine upgraded Aercap Holdings N.V. from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Royal Bank Of Canada reiterated a “buy” rating and issued a $73.00 target price on shares of Aercap Holdings N.V. in a research note on Friday, April 21st. BidaskClub lowered Aercap Holdings N.V. from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Finally, Zacks Investment Research lowered Aercap Holdings N.V. from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Aercap Holdings N.V. has an average rating of “Buy” and an average target price of $57.45.
A number of large investors have recently modified their holdings of the company. Financial Architects Inc increased its stake in shares of Aercap Holdings N.V. by 97.0% in the first quarter. Financial Architects Inc now owns 2,484 shares of the financial services provider’s stock valued at $114,000 after buying an additional 1,223 shares during the period. Israel Discount Bank of New York acquired a new position in Aercap Holdings N.V. during the first quarter valued at about $124,000. Huntington National Bank boosted its position in Aercap Holdings N.V. by 4.8% in the second quarter. Huntington National Bank now owns 2,973 shares of the financial services provider’s stock valued at $138,000 after buying an additional 136 shares in the last quarter. James Investment Research Inc. acquired a new position in Aercap Holdings N.V. during the first quarter valued at about $146,000. Finally, Atria Investments LLC acquired a new position in Aercap Holdings N.V. during the second quarter valued at about $211,000. Institutional investors own 89.88% of the company’s stock.
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.
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