AerCap Holdings (AER) Shares Bought by Assetmark Inc.

Assetmark Inc. increased its stake in AerCap Holdings (NYSE:AER) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,875 shares of the financial services provider’s stock after purchasing an additional 6,866 shares during the quarter. Assetmark Inc. owned about 0.09% of AerCap worth $7,700,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of AER. Nomura Holdings Inc. raised its position in AerCap by 101.1% in the second quarter. Nomura Holdings Inc. now owns 2,389,477 shares of the financial services provider’s stock worth $129,390,000 after acquiring an additional 229,369,767 shares in the last quarter. JPMorgan Chase & Co. raised its position in AerCap by 225.7% in the third quarter. JPMorgan Chase & Co. now owns 1,297,886 shares of the financial services provider’s stock worth $74,655,000 after acquiring an additional 899,363 shares in the last quarter. AXA raised its position in AerCap by 4,354.7% in the third quarter. AXA now owns 633,460 shares of the financial services provider’s stock worth $36,436,000 after acquiring an additional 619,240 shares in the last quarter. Russell Investments Group Ltd. raised its position in AerCap by 48.3% in the third quarter. Russell Investments Group Ltd. now owns 923,393 shares of the financial services provider’s stock worth $53,081,000 after acquiring an additional 300,656 shares in the last quarter. Finally, Freestone Capital Holdings LLC raised its position in AerCap by 575.4% in the third quarter. Freestone Capital Holdings LLC now owns 308,493 shares of the financial services provider’s stock worth $17,745,000 after acquiring an additional 262,818 shares in the last quarter. 88.75% of the stock is owned by institutional investors and hedge funds.

NYSE AER opened at $49.75 on Friday. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.38 and a current ratio of 0.38. The stock has a market cap of $7.64 billion, a price-to-earnings ratio of 7.86, a P/E/G ratio of 0.62 and a beta of 1.97. AerCap Holdings has a 1 year low of $48.10 and a 1 year high of $58.30.

AerCap (NYSE:AER) last posted its quarterly earnings data on Tuesday, October 30th. The financial services provider reported $1.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.24. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. AerCap had a return on equity of 12.01% and a net margin of 21.66%. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.62 EPS. On average, sell-side analysts expect that AerCap Holdings will post 6.91 earnings per share for the current year.

Several brokerages have commented on AER. Zacks Investment Research upgraded shares of AerCap from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Wednesday, October 3rd. Morgan Stanley cut their price objective on AerCap from $54.00 to $49.00 and set an “underweight” rating on the stock in a report on Wednesday, November 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $62.00.

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AerCap Profile

AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in Mainland China, Hong Kong, Macau, the United States, Ireland, and internationally. The company provides 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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Institutional Ownership by Quarter for AerCap (NYSE:AER)

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