Cooke & Bieler LP increased its position in AerCap Holdings NV (NYSE:AER) by 4.9% during the second quarter, Holdings Channel reports. The institutional investor owned 2,552,174 shares of the company’s stock after buying an additional 119,126 shares during the period. AerCap Holdings NV makes up about 1.9% of Cooke & Bieler LP’s holdings, making the stock its 22nd largest position. Cooke & Bieler LP’s holdings in AerCap Holdings NV were worth $85,727,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of AER. LS Investment Advisors LLC raised its stake in shares of AerCap Holdings NV by 17.9% in the second quarter. LS Investment Advisors LLC now owns 4,184 shares of the company’s stock worth $141,000 after buying an additional 634 shares in the last quarter. Huntington National Bank raised its stake in shares of AerCap Holdings NV by 255.5% in the second quarter. Huntington National Bank now owns 5,180 shares of the company’s stock worth $174,000 after buying an additional 3,723 shares in the last quarter. Hartford Investment Management Co. bought a new stake in shares of AerCap Holdings NV during the second quarter worth approximately $298,000. Commonwealth Equity Services Inc bought a new stake in shares of AerCap Holdings NV during the first quarter worth approximately $302,000. Finally, Genesee Valley Trust Co. raised its stake in shares of AerCap Holdings NV by 2.3% in the second quarter. Genesee Valley Trust Co. now owns 8,994 shares of the company’s stock worth $302,000 after buying an additional 199 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.
Shares of AerCap Holdings NV (NYSE:AER) traded up 1.01% during trading on Monday, reaching $39.16. The company’s stock had a trading volume of 731,800 shares. The firm’s 50-day moving average price is $39.24 and its 200-day moving average price is $38.19. AerCap Holdings NV has a one year low of $24.61 and a one year high of $46.32. The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of 7.58 and a beta of 1.70.
AerCap Holdings NV (NYSE:AER) last released its earnings results on Tuesday, August 9th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.05. AerCap Holdings NV had a net margin of 19.44% and a return on equity of 14.40%. The firm earned $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the business earned $1.73 earnings per share. The business’s revenue was down 7.3% on a year-over-year basis. On average, equities analysts anticipate that AerCap Holdings NV will post $5.85 earnings per share for the current year.
AER has been the subject of a number of recent research reports. DA Davidson reissued a “buy” rating on shares of AerCap Holdings NV in a report on Monday, August 15th. Zacks Investment Research raised AerCap Holdings NV from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Tuesday, July 26th. FBR & Co reissued a “hold” rating and set a $40.00 price objective on shares of AerCap Holdings NV in a report on Monday, September 19th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $74.00 target price (up from $72.00) on shares of AerCap Holdings NV in a report on Friday, August 12th. Finally, Royal Bank Of Canada upped their target price on AerCap Holdings NV from $72.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, August 11th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $53.72.
AerCap Holdings NV Company Profile
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. The Company operates its business on a global basis, leasing aircraft to customers in various geographical region.
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