AerCap (AER) Holdings Cut by Boston Partners

Boston Partners decreased its stake in shares of AerCap (NYSE:AER) by 10.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,703 shares of the financial services provider’s stock after selling 10,230 shares during the quarter. Boston Partners owned about 0.05% of AerCap worth $4,347,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AER. Cerebellum GP LLC acquired a new position in AerCap during the 4th quarter valued at approximately $127,000. Financial Gravity Companies Inc. acquired a new position in AerCap during the 4th quarter valued at approximately $130,000. Icon Wealth Partners LLC acquired a new position in AerCap during the 4th quarter valued at approximately $134,000. We Are One Seven LLC acquired a new position in AerCap during the 4th quarter valued at approximately $188,000. Finally, Segall Bryant & Hamill LLC acquired a new position in AerCap during the 4th quarter valued at approximately $231,000. Institutional investors and hedge funds own 84.78% of the company’s stock.

AER has been the topic of a number of research reports. Zacks Investment Research upgraded shares of AerCap from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research note on Tuesday, May 8th. Deutsche Bank increased their price objective on shares of AerCap from $68.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, May 4th. Cowen reiterated an “outperform” rating and issued a $60.00 price objective (up previously from $58.00) on shares of AerCap in a research note on Friday, May 4th. ValuEngine lowered shares of AerCap from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, Morgan Stanley increased their price objective on shares of AerCap from $49.00 to $52.00 and gave the stock an “underweight” rating in a research note on Thursday, April 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $60.80.

NYSE:AER opened at $55.52 on Friday. The firm has a market capitalization of $8.78 billion, a PE ratio of 8.77, a price-to-earnings-growth ratio of 0.73 and a beta of 1.81. AerCap has a 1-year low of $55.53 and a 1-year high of $55.88. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 3.34.

AerCap (NYSE:AER) last announced its quarterly earnings results on Thursday, May 3rd. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.18. AerCap had a net margin of 21.52% and a return on equity of 12.54%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the firm posted $1.48 earnings per share. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. research analysts predict that AerCap will post 6.35 EPS for the current fiscal year.

AerCap announced that its Board of Directors has initiated a share buyback program on Wednesday, February 14th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

About AerCap

AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in Mainland China, Hong Kong, Macau, the United States, Ireland, and internationally. The company provides aircraft asset management services, including remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.

Institutional Ownership by Quarter for AerCap (NYSE:AER)

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