Aercap Holdings N.V. (AER) Stake Lowered by Howard Hughes Medical Institute

Howard Hughes Medical Institute reduced its holdings in Aercap Holdings N.V. (NYSE:AER) by 18.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,326 shares of the financial services provider’s stock after selling 17,103 shares during the quarter. Howard Hughes Medical Institute’s holdings in Aercap Holdings N.V. were worth $3,497,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Financial Architects Inc boosted its holdings in shares of Aercap Holdings N.V. by 2.1% in the 2nd quarter. Financial Architects Inc now owns 2,536 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 52 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of Aercap Holdings N.V. by 0.7% in the 1st quarter. Prudential Financial Inc. now owns 16,661 shares of the financial services provider’s stock worth $766,000 after acquiring an additional 108 shares in the last quarter. Financial Counselors Inc. boosted its holdings in shares of Aercap Holdings N.V. by 1.7% in the 1st quarter. Financial Counselors Inc. now owns 6,632 shares of the financial services provider’s stock worth $305,000 after acquiring an additional 111 shares in the last quarter. Huntington National Bank boosted its holdings in shares of Aercap Holdings N.V. by 4.8% in the 2nd quarter. Huntington National Bank now owns 2,973 shares of the financial services provider’s stock worth $138,000 after acquiring an additional 136 shares in the last quarter. Finally, United Capital Financial Advisers LLC boosted its holdings in shares of Aercap Holdings N.V. by 0.3% in the 1st quarter. United Capital Financial Advisers LLC now owns 59,567 shares of the financial services provider’s stock worth $2,738,000 after acquiring an additional 181 shares in the last quarter. 88.94% of the stock is currently owned by institutional investors and hedge funds.

AER has been the topic of several recent analyst reports. Morgan Stanley reduced their target price on Aercap Holdings N.V. from $48.00 to $44.00 in a report on Tuesday, July 4th. ValuEngine raised Aercap Holdings N.V. from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Zacks Investment Research downgraded Aercap Holdings N.V. from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub downgraded Aercap Holdings N.V. from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Finally, Cowen and Company reissued a “buy” rating and issued a $54.00 target price on shares of Aercap Holdings N.V. in a report on Tuesday, July 11th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Aercap Holdings N.V. has an average rating of “Buy” and an average target price of $57.45.

In other Aercap Holdings N.V. news, Director Michael Gradon sold 742 shares of the firm’s stock in a transaction that occurred 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 $169,540.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Aengus Kelly sold 100,000 shares of the firm’s 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 completion of the sale, the chief executive officer now owns 2,231,875 shares in the company, valued at approximately $111,303,606.25. The disclosure for this sale can be found here.

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Aercap Holdings N.V. (NYSE AER) traded up 1.22% on Friday, reaching $49.61. The company’s stock had a trading volume of 944,537 shares. Aercap Holdings N.V. has a 12 month low of $36.38 and a 12 month high of $50.90. The firm has a market cap of $7.97 billion, a P/E ratio of 7.82 and a beta of 1.85. The firm’s 50 day moving average is $49.16 and its 200-day moving average is $46.51.

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

Aercap Holdings N.V. announced that its Board of Directors has authorized a share repurchase plan on Thursday, August 3rd that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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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