Invictus RG Takes $333,000 Position in Aercap Holdings N.V. (AER)

Invictus RG acquired a new position in shares of Aercap Holdings N.V. (NYSE:AER) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,518 shares of the financial services provider’s stock, valued at approximately $333,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AER. Schwab Charles Investment Management Inc. grew its holdings in Aercap by 3.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 77,033 shares of the financial services provider’s stock worth $3,542,000 after acquiring an additional 2,560 shares during the last quarter. NGAM Advisors L.P. boosted its stake in shares of Aercap by 13.6% in the 2nd quarter. NGAM Advisors L.P. now owns 17,281 shares of the financial services provider’s stock valued at $802,000 after purchasing an additional 2,073 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Aercap by 8.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 31,833 shares of the financial services provider’s stock valued at $1,478,000 after purchasing an additional 2,433 shares during the last quarter. Korea Investment CORP raised its position in shares of Aercap by 10.4% in the 2nd quarter. Korea Investment CORP now owns 51,900 shares of the financial services provider’s stock valued at $2,410,000 after acquiring an additional 4,900 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of Aercap in the 2nd quarter valued at approximately $424,000. 85.87% of the stock is owned by institutional investors and hedge funds.

Shares of Aercap Holdings N.V. (NYSE:AER) opened at $51.77 on Thursday. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.42 and a current ratio of 0.42. The stock has a market capitalization of $8,197.87, a price-to-earnings ratio of 7.57, a PEG ratio of 0.70 and a beta of 1.84. Aercap Holdings N.V. has a 12-month low of $41.34 and a 12-month high of $54.50.

Aercap (NYSE:AER) last issued its earnings results on Thursday, November 2nd. The financial services provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.47 by $0.15. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.23 billion. Aercap had a return on equity of 13.84% and a net margin of 22.84%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.22 EPS. sell-side analysts predict that Aercap Holdings N.V. will post 6.14 earnings per share for the current year.

Aercap announced that its board has approved a stock buyback program on Thursday, November 2nd that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

A number of brokerages recently weighed in on AER. BidaskClub downgraded shares of Aercap from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 15th. Zacks Investment Research upgraded shares of Aercap from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Cowen raised their target price on shares of Aercap from $55.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Royal Bank Of Canada lowered their price objective on shares of Aercap from $77.00 to $74.00 and set an “outperform” rating on the stock in a report on Tuesday, November 14th. Finally, UBS lifted their price objective on shares of Aercap from $44.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday, November 9th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $57.10.

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Aercap 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.

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Institutional Ownership by Quarter for Aercap (NYSE:AER)

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