Commerzbank Aktiengesellschaft FI Trims Stake in Aercap Holdings N.V. (AER)

Commerzbank Aktiengesellschaft FI reduced its stake in shares of Aercap Holdings N.V. (NYSE:AER) by 50.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,311 shares of the financial services provider’s stock after selling 4,377 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Aercap Holdings N.V. were worth $200,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Cipher Capital LP grew its position in shares of Aercap Holdings N.V. by 43.5% during the 2nd quarter. Cipher Capital LP now owns 133,690 shares of the financial services provider’s stock valued at $6,208,000 after acquiring an additional 40,556 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Aercap Holdings N.V. by 33.3% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,196,400 shares of the financial services provider’s stock valued at $55,549,000 after buying an additional 298,681 shares in the last quarter. Eagle Boston Investment Management Inc. lifted its stake in shares of Aercap Holdings N.V. by 9.2% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 290,197 shares of the financial services provider’s stock valued at $13,473,000 after buying an additional 24,382 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Aercap Holdings N.V. by 46.7% during the 2nd quarter. Principal Financial Group Inc. now owns 22,895 shares of the financial services provider’s stock valued at $1,063,000 after buying an additional 7,289 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Aercap Holdings N.V. during the 2nd quarter valued at approximately $3,062,000. 88.94% of the stock is owned by hedge funds and other institutional investors.

In other Aercap Holdings N.V. news, Director Michael Gradon sold 742 shares of Aercap Holdings N.V. stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $50.16, for a total transaction of $37,218.72. Following the transaction, the director now owns 3,380 shares of the company’s stock, valued at $169,540.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Aengus Kelly sold 100,000 shares of Aercap Holdings N.V. stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 2,231,875 shares in the company, valued at approximately $111,303,606.25. The disclosure for this sale can be found here.

AER has been the topic of a number of recent research reports. Royal Bank Of Canada restated a “buy” rating and set a $77.00 price target on shares of Aercap Holdings N.V. in a research note on Friday, August 4th. Zacks Investment Research upgraded shares of Aercap Holdings N.V. from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. BidaskClub upgraded shares of Aercap Holdings N.V. from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 9th. Credit Suisse Group restated a “buy” rating and set a $56.00 price target on shares of Aercap Holdings N.V. in a research note on Wednesday, May 24th. Finally, ValuEngine upgraded shares of Aercap Holdings N.V. from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. One 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’s stock. The company has an average rating of “Buy” and a consensus target price of $57.45.

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Shares of Aercap Holdings N.V. (NYSE:AER) opened at 49.58 on Wednesday. Aercap Holdings N.V. has a 1-year low of $36.38 and a 1-year high of $50.90. The stock has a market capitalization of $7.96 billion, a PE ratio of 7.82 and a beta of 1.85. The firm has a 50-day moving average of $49.11 and a 200 day moving average of $46.41.

Aercap Holdings N.V. (NYSE:AER) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.29. The company had revenue of $1.26 billion during 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% compared to the same quarter last year. During the same period in the previous year, the business posted $1.22 earnings per share. Analysts predict that Aercap Holdings N.V. will post $6.08 EPS for the current year.

Aercap Holdings N.V. declared that its Board of Directors has authorized a stock repurchase plan on Thursday, August 3rd that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Aercap Holdings N.V. 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. 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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