Engle Capital Management L.P. boosted its holdings in Aercap Holdings N.V. (NYSE:AER – Free Report) by 36.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 164,000 shares of the financial services provider’s stock after purchasing an additional 44,000 shares during the quarter. Aercap comprises 7.7% of Engle Capital Management L.P.’s investment portfolio, making the stock its 5th largest holding. Engle Capital Management L.P.’s holdings in Aercap were worth $22,498,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Quantinno Capital Management LP increased its stake in Aercap by 14.6% in the first quarter. Quantinno Capital Management LP now owns 90,137 shares of the financial services provider’s stock valued at $12,365,000 after purchasing an additional 11,504 shares during the period. Clough Capital Partners L P boosted its stake in shares of Aercap by 5.5% during the first quarter. Clough Capital Partners L P now owns 30,896 shares of the financial services provider’s stock worth $4,238,000 after buying an additional 1,610 shares during the period. Lazard Asset Management LLC grew its holdings in shares of Aercap by 18.8% during the first quarter. Lazard Asset Management LLC now owns 128,092 shares of the financial services provider’s stock worth $17,572,000 after buying an additional 20,226 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new position in shares of Aercap during the first quarter worth about $741,000. Finally, Public Employees Retirement System of Ohio increased its position in Aercap by 29.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 92,152 shares of the financial services provider’s stock valued at $12,641,000 after acquiring an additional 20,808 shares during the period. Institutional investors and hedge funds own 96.42% of the company’s stock.
Aercap Trading Up 0.2%
Shares of Aercap stock opened at $151.56 on Tuesday. Aercap Holdings N.V. has a 52-week low of $105.65 and a 52-week high of $155.99. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34. The company’s 50-day simple moving average is $144.01 and its 200-day simple moving average is $143.35. The firm has a market cap of $25.29 billion, a price-to-earnings ratio of 6.64, a price-to-earnings-growth ratio of 1.05 and a beta of 0.94.
Aercap announced that its board has approved a stock repurchase plan on Wednesday, April 29th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Wall Street Analyst Weigh In
Several analysts have commented on AER shares. Susquehanna upped their price objective on Aercap from $170.00 to $176.00 and gave the company a “positive” rating in a research note on Tuesday, July 7th. Zacks Research upgraded Aercap from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. TD Cowen boosted their target price on Aercap from $175.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Weiss Ratings upgraded Aercap from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, July 8th. Finally, Citigroup initiated coverage on Aercap in a report on Monday, July 20th. They set a “buy” rating and a $173.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $168.67.
Aercap Company Profile
AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.
Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
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