Brandywine Global Investment Management LLC reduced its stake in AerCap Holdings (NYSE:AER) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,837,802 shares of the financial services provider’s stock after selling 36,054 shares during the period. Brandywine Global Investment Management LLC owned 1.24% of AerCap worth $72,777,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in AER. Oregon Public Employees Retirement Fund increased its holdings in shares of AerCap by 4,360.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,332,202 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 2,279,910 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of AerCap by 225.7% in the third quarter. JPMorgan Chase & Co. now owns 1,297,886 shares of the financial services provider’s stock valued at $74,655,000 after purchasing an additional 899,363 shares during the last quarter. AXA increased its holdings in shares of AerCap by 4,354.7% in the third quarter. AXA now owns 633,460 shares of the financial services provider’s stock valued at $36,436,000 after purchasing an additional 619,240 shares during the last quarter. Lancaster Investment Management LLP acquired a new position in shares of AerCap in the fourth quarter valued at $20,616,000. Finally, Freestone Capital Holdings LLC increased its holdings in shares of AerCap by 575.4% in the third quarter. Freestone Capital Holdings LLC now owns 308,493 shares of the financial services provider’s stock valued at $17,745,000 after purchasing an additional 262,818 shares during the last quarter. Hedge funds and other institutional investors own 86.72% of the company’s stock.
Several equities analysts recently commented on AER shares. Zacks Investment Research downgraded shares of AerCap from a “buy” rating to a “hold” rating in a research note on Thursday, February 21st. Barclays set a $64.00 price target on shares of AerCap and gave the company a “buy” rating in a research note on Friday, February 15th. Finally, ValuEngine downgraded shares of AerCap from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. AerCap presently has a consensus rating of “Hold” and a consensus price target of $60.00.
Shares of AerCap stock opened at $43.48 on Friday. The stock has a market cap of $6.60 billion, a price-to-earnings ratio of 6.37 and a beta of 1.87. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.38 and a current ratio of 0.36. AerCap Holdings has a 12-month low of $36.16 and a 12-month high of $58.30.
AerCap (NYSE:AER) last announced its quarterly earnings data on Thursday, February 14th. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.05). The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. AerCap had a return on equity of 11.55% and a net margin of 21.16%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.67 earnings per share. On average, analysts predict that AerCap Holdings will post 6.58 EPS for the current fiscal year.
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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 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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