Stock Traders Purchase High Volume of Put Options on AerCap (NYSE:AER)

AerCap Holdings (NYSE:AER) was the target of unusually large options trading activity on Friday. Traders purchased 8,690 put options on the company. This is an increase of 15,418% compared to the average daily volume of 56 put options.

Several equities analysts recently weighed in on AER shares. Citigroup began coverage on shares of AerCap in a research report on Friday, December 8th. They set a “neutral” rating and a $57.00 price objective on the stock. Wells Fargo & Co set a $62.00 price objective on shares of AerCap and gave the stock a “buy” rating in a research note on Friday, December 15th. Cowen restated a “buy” rating and issued a $55.00 price objective on shares of AerCap in a research note on Thursday, October 12th. Zacks Investment Research downgraded shares of AerCap from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Finally, Royal Bank of Canada cut their price objective on AerCap from $77.00 to $74.00 and set an “outperform” rating for the company in a report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $57.30.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dorsey & Whitney Trust CO LLC bought a new stake in AerCap in the 3rd quarter valued at approximately $208,000. Magnetar Financial LLC bought a new stake in shares of AerCap during the 3rd quarter worth approximately $211,000. Caxton Associates LP bought a new stake in shares of AerCap during the 3rd quarter worth approximately $225,000. KCS Wealth Advisory bought a new stake in shares of AerCap during the 4th quarter worth approximately $238,000. Finally, Raymond James Trust N.A. bought a new stake in shares of AerCap during the 2nd quarter worth approximately $228,000. Hedge funds and other institutional investors own 85.35% of the company’s stock.

AerCap (AER) opened at $54.11 on Monday. The stock has a market capitalization of $8,550.24, a PE ratio of 7.98, a PEG ratio of 0.73 and a beta of 1.85. AerCap has a 12-month low of $41.54 and a 12-month high of $54.70. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 3.17.

AerCap (NYSE:AER) last posted its earnings results on Thursday, November 2nd. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.15. AerCap had a return on equity of 13.84% and a net margin of 22.84%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the company earned $1.22 EPS. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. equities research analysts predict that AerCap will post 6.14 earnings per share for the current fiscal year.

AerCap announced that its board has approved a stock buyback plan on Thursday, November 2nd that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

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About AerCap

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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