Aercap Holdings N.V. (AER) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Aercap Holdings N.V. (NYSE:AER) from a buy rating to a hold rating in a research note released on Thursday.

According to Zacks, “AERCAP HOLDINGS is an integrated global aviation company with a leading market position in aircraft and engine leasing, trading and parts sales.They also provides aircraft management services and performs aircraft and engine maintenance, repair and overhaul services and aircraft disassemblies through its certified repair stations. “

Several other equities analysts have also recently commented on the company. Morgan Stanley reduced their target price on Aercap Holdings N.V. from $48.00 to $44.00 in a research note on Tuesday, July 4th. ValuEngine upgraded Aercap Holdings N.V. from a buy rating to a strong-buy rating in a research note on Tuesday, June 27th. BidaskClub cut Aercap Holdings N.V. from a buy rating to a hold rating in a research note on Thursday, June 22nd. Cowen and Company reiterated a buy rating and set a $54.00 target price on shares of Aercap Holdings N.V. in a research note on Tuesday, July 11th. Finally, Credit Suisse Group reiterated a buy rating and set a $56.00 target price on shares of Aercap Holdings N.V. in a research note on Friday, July 7th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $57.55.

Shares of Aercap Holdings N.V. (NYSE:AER) traded up 0.56% on Thursday, reaching $52.35. 400,626 shares of the company were exchanged. The company has a 50-day moving average price of $50.25 and a 200 day moving average price of $47.30. Aercap Holdings N.V. has a 1-year low of $38.69 and a 1-year high of $52.47. The stock has a market capitalization of $8.41 billion, a PE ratio of 8.26 and a beta of 1.86.

Aercap Holdings N.V. (NYSE:AER) last released its earnings results on Thursday, August 3rd. The financial services provider reported $1.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.29. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Aercap Holdings N.V. had a return on equity of 14.43% and a net margin of 22.26%. The business’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.22 EPS. On average, analysts forecast that Aercap Holdings N.V. will post $6.10 EPS for the current fiscal year.

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Aercap Holdings N.V. declared that its Board of Directors has initiated a stock buyback program on Thursday, August 3rd that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

In related news, Director Michael Gradon sold 742 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $50.16, for a total transaction of $37,218.72. Following the transaction, the director now directly owns 3,380 shares in the company, valued at $169,540.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Aengus Kelly sold 100,000 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $49.87, for a total value of $4,987,000.00. Following the transaction, the chief executive officer now owns 2,231,875 shares in the company, valued at $111,303,606.25. The disclosure for this sale can be found here.

A number of institutional investors and hedge funds have recently made changes to their positions in AER. Financial Architects Inc lifted its stake in Aercap Holdings N.V. by 2.1% during the second quarter. Financial Architects Inc now owns 2,536 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 52 shares during the last quarter. Huntington National Bank lifted its stake in Aercap Holdings N.V. by 4.8% during the second quarter. Huntington National Bank now owns 2,973 shares of the financial services provider’s stock worth $138,000 after purchasing an additional 136 shares during the last quarter. Israel Discount Bank of New York lifted its stake in Aercap Holdings N.V. by 35.2% during the second quarter. Israel Discount Bank of New York now owns 3,650 shares of the financial services provider’s stock worth $169,000 after purchasing an additional 950 shares during the last quarter. Atria Investments LLC bought a new position in Aercap Holdings N.V. during the second quarter worth $211,000. Finally, Raymond James Trust N.A. bought a new position in Aercap Holdings N.V. during the second quarter worth $228,000. Hedge funds and other institutional investors own 88.94% of the company’s stock.

Aercap Holdings N.V. 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.

Analyst Recommendations for Aercap Holdings N.V. (NYSE:AER)

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