Westpac Banking Corp increased its stake in AerCap Holdings NV (NYSE:AER) by 166.1% during the second quarter, Holdings Channel reports. The firm owned 13,044 shares of the company’s stock after buying an additional 8,142 shares during the period. Westpac Banking Corp’s holdings in AerCap Holdings NV were worth $438,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of AerCap Holdings NV by 100.0% in the second quarter. Vanguard Group Inc. now owns 522,217 shares of the company’s stock valued at $17,541,000 after buying an additional 261,050 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of AerCap Holdings NV by 2,140.7% in the second quarter. Teacher Retirement System of Texas now owns 87,322 shares of the company’s stock valued at $2,933,000 after buying an additional 83,425 shares in the last quarter. Eaton Vance Management purchased a new stake in shares of AerCap Holdings NV during the second quarter valued at $438,000. Financial Counselors Inc. boosted its stake in shares of AerCap Holdings NV by 1.5% in the second quarter. Financial Counselors Inc. now owns 7,065 shares of the company’s stock valued at $237,000 after buying an additional 106 shares in the last quarter. Finally, AT Bancorp purchased a new stake in shares of AerCap Holdings NV during the second quarter valued at $879,000. Institutional investors and hedge funds own 88.77% of the company’s stock.
Shares of AerCap Holdings NV (NYSE:AER) traded down 0.062% during trading on Friday, reaching $40.055. The company’s stock had a trading volume of 80,035 shares. AerCap Holdings NV has a 12-month low of $24.61 and a 12-month high of $46.32. The company has a market cap of $7.39 billion, a PE ratio of 7.758 and a beta of 1.70. The company has a 50 day moving average of $39.10 and a 200 day moving average of $38.11.
AerCap Holdings NV (NYSE:AER) last issued its earnings results on Tuesday, August 9th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.05. AerCap Holdings NV had a return on equity of 14.40% and a net margin of 19.44%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the firm posted $1.73 earnings per share. The business’s revenue was down 7.3% compared to the same quarter last year. On average, analysts anticipate that AerCap Holdings NV will post $5.85 EPS for the current fiscal year.
Several analysts have weighed in on AER shares. Zacks Investment Research raised AerCap Holdings NV from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Tuesday, July 26th. DA Davidson reissued a “buy” rating on shares of AerCap Holdings NV in a report on Monday, August 15th. Royal Bank Of Canada boosted their price objective on AerCap Holdings NV from $72.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, August 11th. FBR & Co reissued a “hold” rating and set a $40.00 price objective on shares of AerCap Holdings NV in a report on Monday, September 19th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and issued a $74.00 price target (up from $72.00) on shares of AerCap Holdings NV in a research note on Friday, August 12th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $54.05.
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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