Fmr LLC cut its position in AerCap Holdings (NYSE:AER) by 8.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,813,786 shares of the financial services provider’s stock after selling 266,976 shares during the period. Fmr LLC owned 1.90% of AerCap worth $161,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of the company. TD Asset Management Inc. raised its holdings in shares of AerCap by 3.6% during the second quarter. TD Asset Management Inc. now owns 37,698 shares of the financial services provider’s stock worth $2,041,000 after acquiring an additional 1,300 shares during the period. Commonwealth Equity Services LLC acquired a new stake in shares of AerCap during the second quarter worth $224,000. KBC Group NV raised its holdings in shares of AerCap by 33.4% during the second quarter. KBC Group NV now owns 145,718 shares of the financial services provider’s stock worth $7,890,000 after acquiring an additional 36,511 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of AerCap during the second quarter worth $1,017,000. Finally, Sei Investments Co. increased its stake in AerCap by 4.0% in the 2nd quarter. Sei Investments Co. now owns 268,174 shares of the financial services provider’s stock valued at $14,521,000 after buying an additional 10,230 shares during the last quarter. 88.75% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AER stock opened at $49.75 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 3.18. AerCap Holdings has a 1 year low of $48.10 and a 1 year high of $58.30. The firm has a market capitalization of $7.47 billion, a price-to-earnings ratio of 7.31, a price-to-earnings-growth ratio of 0.61 and a beta of 1.97.
AerCap (NYSE:AER) last issued its quarterly earnings results on Tuesday, October 30th. The financial services provider reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.24. AerCap had a net margin of 21.66% and a return on equity of 12.01%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the business earned $1.62 EPS. The company’s revenue was down 8.4% compared to the same quarter last year. Research analysts expect that AerCap Holdings will post 6.91 EPS for the current year.
AER has been the topic of several recent research reports. 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 note on Wednesday, October 3rd. Morgan Stanley lowered their price target on shares of AerCap from $54.00 to $49.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $62.00.
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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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