Telemus Capital LLC boosted its stake in shares of AerCap Holdings (NYSE:AER) by 4.0% during the fourth quarter, HoldingsChannel reports. The firm owned 25,449 shares of the financial services provider’s stock after acquiring an additional 989 shares during the period. Telemus Capital LLC’s holdings in AerCap were worth $1,339,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Cerebellum GP LLC bought a new stake in AerCap in the fourth quarter worth approximately $127,000. Dorsey & Whitney Trust CO LLC bought a new stake in AerCap in the third quarter worth approximately $208,000. Magnetar Financial LLC bought a new stake in AerCap in the third quarter worth approximately $211,000. Caxton Associates LP bought a new stake in AerCap in the third quarter worth approximately $225,000. Finally, KCS Wealth Advisory bought a new stake in AerCap in the fourth quarter worth approximately $238,000. 85.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AerCap Holdings (NYSE AER) opened at $53.04 on Friday. 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 cap of $8,381.17, a price-to-earnings ratio of 7.74, a P/E/G ratio of 0.70 and a beta of 1.80. AerCap Holdings has a 1-year low of $42.35 and a 1-year high of $55.67.
AerCap (NYSE:AER) last posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 net margin of 22.84% and a return on equity of 13.84%. AerCap’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 EPS. analysts anticipate that AerCap Holdings will post 6.17 earnings per share for the current year.
AerCap announced that its board has initiated a stock buyback program on Thursday, November 2nd that permits the company to buyback $200.00 million in shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
AER has been the subject of several recent research reports. Citigroup initiated coverage on shares of AerCap in a research report on Friday, December 8th. They issued a “neutral” rating and a $57.00 target price for the company. Wells Fargo & Co set a $62.00 target price on shares of AerCap and gave the stock a “buy” rating in a research report on Friday, December 15th. Cowen reissued a “buy” rating and issued a $55.00 target price on shares of AerCap in a research report on Thursday, October 12th. Zacks Investment Research downgraded shares of AerCap from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, Royal Bank of Canada decreased their target price on shares of AerCap from $77.00 to $74.00 and set an “outperform” rating for the company in a research report on Tuesday, November 14th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. AerCap currently has a consensus rating of “Buy” and an average target price of $57.30.
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AerCap 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. It operates its business on a global basis, leasing aircraft to customers in various geographical regions.
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