Traders Buy Large Volume of AerCap Call Options (NYSE:AER)

AerCap Holdings (NYSE:AER) was the recipient of unusually large options trading on Tuesday. Stock traders purchased 1,993 call options on the company. This represents an increase of approximately 1,247% compared to the typical volume of 148 call options.

A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 target price for the company in a report on Tuesday, June 25th. Cowen raised their target price on shares of AerCap from $56.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday. Goldman Sachs Group reiterated a “neutral” rating and issued a $393.00 target price on shares of Boeing in a research note on Monday, April 8th. Finally, Citigroup cut their target price on shares of UnitedHealth Group from $288.00 to $247.00 and set a “neutral” rating for the company in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $58.00.

A number of hedge funds have recently modified their holdings of AER. Legal & General Group Plc increased its holdings in shares of AerCap by 2.6% during the fourth quarter. Legal & General Group Plc now owns 794,819 shares of the financial services provider’s stock worth $31,475,000 after purchasing an additional 20,112 shares during the period. Asahi Life Asset Management CO. LTD. bought a new position in shares of AerCap during the first quarter worth approximately $261,000. Hayden Royal LLC bought a new position in shares of AerCap during the first quarter worth approximately $346,000. BlackRock Inc. increased its holdings in shares of AerCap by 1.7% during the first quarter. BlackRock Inc. now owns 6,749,365 shares of the financial services provider’s stock worth $314,116,000 after purchasing an additional 111,796 shares during the period. Finally, FNY Investment Advisers LLC increased its holdings in shares of AerCap by 75.4% during the first quarter. FNY Investment Advisers LLC now owns 5,000 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 2,150 shares during the period. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Shares of AER stock opened at $54.51 on Wednesday. The stock’s 50 day moving average is $50.58. The company has a debt-to-equity ratio of 3.43, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market capitalization of $7.72 billion, a P/E ratio of 7.98 and a beta of 1.86. AerCap has a 12-month low of $36.16 and a 12-month high of $58.30.

AerCap (NYSE:AER) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.70. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.21 billion. AerCap had a net margin of 20.57% and a return on equity of 11.09%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the business posted $1.70 earnings per share. Research analysts forecast that AerCap will post 6.79 earnings per share for the current fiscal year.

AerCap Company Profile

AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in China, the United States, Ireland, and internationally. The company offers aircraft asset management services, including remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.

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