Aercap Holdings N.V. (AER) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its position in Aercap Holdings N.V. (NYSE:AER) by 18.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 91,355 shares of the financial services provider’s stock after purchasing an additional 14,309 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.06% of Aercap Holdings N.V. worth $4,243,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AER. Vivaldi Asset Management LLC acquired a new stake in Aercap Holdings N.V. during the 2nd quarter valued at $6,896,000. AJO LP increased its stake in shares of Aercap Holdings N.V. by 46.8% in the second quarter. AJO LP now owns 1,030,970 shares of the financial services provider’s stock worth $47,868,000 after acquiring an additional 328,529 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Aercap Holdings N.V. by 0.7% in the first quarter. Prudential Financial Inc. now owns 16,661 shares of the financial services provider’s stock worth $766,000 after acquiring an additional 108 shares during the last quarter. Comerica Bank increased its stake in shares of Aercap Holdings N.V. by 9.2% in the second quarter. Comerica Bank now owns 110,447 shares of the financial services provider’s stock worth $5,456,000 after acquiring an additional 9,329 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its stake in shares of Aercap Holdings N.V. by 55.3% in the second quarter. Thompson Siegel & Walmsley LLC now owns 2,043,859 shares of the financial services provider’s stock worth $94,896,000 after acquiring an additional 728,189 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

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In related news, Director James A. Lawrence acquired 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was acquired at an average price of $49.81 per share, for a total transaction of $4,981,000.00. Following the completion of the acquisition, the director now owns 53,280 shares of the company’s stock, valued at approximately $2,653,876.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Gradon sold 742 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $50.16, for a total transaction of $37,218.72. Following the sale, the director now owns 3,380 shares of the company’s stock, valued at approximately $169,540.80. The disclosure for this sale can be found here.

Aercap Holdings N.V. (NYSE:AER) last released its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.29. Aercap Holdings N.V. had a net margin of 22.26% and a return on equity of 14.43%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the firm earned $1.22 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year.

Aercap Holdings N.V. declared that its board has authorized a stock repurchase program on Thursday, August 3rd that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

A number of equities analysts have recently weighed in on AER shares. Cowen and Company reaffirmed a “buy” rating and issued a $55.00 price target on shares of Aercap Holdings N.V. in a research note on Thursday, October 12th. Zacks Investment Research raised shares of Aercap Holdings N.V. from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Tuesday, August 15th. BidaskClub cut shares of Aercap Holdings N.V. from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 15th. Credit Suisse Group restated a “buy” rating and set a $56.00 price target on shares of Aercap Holdings N.V. in a report on Friday, July 7th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $77.00 price target on shares of Aercap Holdings N.V. in a report on Friday, August 4th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Aercap Holdings N.V. has an average rating of “Buy” and an average price target of $56.90.

About Aercap Holdings N.V.

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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Institutional Ownership by Quarter for Aercap Holdings N.V. (NYSE:AER)

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