Today: Eagle Asset Management Inc. Reduces stake in AerCap Holdings NV (AER)

Today: Eagle Asset Management Inc. Reduces stake in AerCap Holdings NV (AER)

Eagle Asset Management Inc. lowered its stake in shares of AerCap Holdings NV (NYSE:AER) by 0.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 654,203 shares of the company’s stock after selling 1,609 shares during the period. Eagle Asset Management Inc.’s holdings in AerCap Holdings NV were worth $25,180,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning raised its position in AerCap Holdings NV by 544.2% in the third quarter. Creative Planning now owns 10,546 shares of the company’s stock valued at $406,000 after buying an additional 8,909 shares during the last quarter. British Columbia Investment Management Corp increased its stake in AerCap Holdings NV by 70.0% in the third quarter. British Columbia Investment Management Corp now owns 13,600 shares of the company’s stock valued at $523,000 after buying an additional 5,600 shares during the period. Telemus Capital LLC increased its stake in AerCap Holdings NV by 39.8% in the third quarter. Telemus Capital LLC now owns 16,699 shares of the company’s stock valued at $643,000 after buying an additional 4,754 shares during the period. Eqis Capital Management Inc. bought a new stake in AerCap Holdings NV during the third quarter valued at about $237,000. Finally, Aristotle Capital Boston LLC increased its stake in AerCap Holdings NV by 3.3% in the second quarter. Aristotle Capital Boston LLC now owns 178,825 shares of the company’s stock valued at $6,007,000 after buying an additional 5,715 shares during the period. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

AerCap Holdings NV (NYSE:AER) traded down 0.84% on Monday, hitting $43.92. The stock had a trading volume of 1,501,690 shares. The company has a 50 day moving average of $41.72 and a 200 day moving average of $38.71. AerCap Holdings NV has a 12-month low of $24.61 and a 12-month high of $46.32. The company has a market capitalization of $7.84 billion, a PE ratio of 8.98 and a beta of 1.65.

AerCap Holdings NV (NYSE:AER) last issued its quarterly earnings data on Tuesday, November 8th. The company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.24. AerCap Holdings NV had a net margin of 18.48% and a return on equity of 14.06%. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the firm posted $1.64 earnings per share. AerCap Holdings NV’s revenue for the quarter was down 7.3% on a year-over-year basis. On average, equities analysts expect that AerCap Holdings NV will post $6.21 earnings per share for the current year.

AER has been the subject of several recent analyst reports. FBR & Co restated a “buy” rating on shares of AerCap Holdings NV in a research note on Monday, November 21st. DA Davidson restated a “buy” rating and set a $52.00 target price on shares of AerCap Holdings NV in a research note on Wednesday, November 9th. RBC Capital Markets restated an “outperform” rating and set a $74.00 target price (up previously from $72.00) on shares of AerCap Holdings NV in a research note on Friday, August 12th. Zacks Investment Research downgraded AerCap Holdings NV from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Finally, Stephens initiated coverage on AerCap Holdings NV in a research note on Tuesday, November 1st. They set an “overweight” rating and a $64.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $55.77.

In related news, Director Michael Gradon sold 1,091 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $44.57, for a total value of $48,625.87. Following the sale, the director now owns 4,122 shares of the company’s stock, valued at $183,717.54. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

AerCap Holdings NV 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. The Company operates its business on a global basis, leasing aircraft to customers in various geographical region.

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