Allianz Asset Management GmbH Acquires 191,808 Shares of Aercap Holdings N.V. $AER

Allianz Asset Management GmbH raised its stake in shares of Aercap Holdings N.V. (NYSE:AER) by 106.4% during the third quarter, Holdings Channel reports. The firm owned 372,023 shares of the financial services provider’s stock after buying an additional 191,808 shares during the period. Allianz Asset Management GmbH’s holdings in Aercap were worth $45,015,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in Aercap by 25.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,873,872 shares of the financial services provider’s stock valued at $336,243,000 after buying an additional 575,320 shares in the last quarter. Mawer Investment Management Ltd. boosted its stake in shares of Aercap by 35.1% in the 3rd quarter. Mawer Investment Management Ltd. now owns 2,093,694 shares of the financial services provider’s stock valued at $253,337,000 after purchasing an additional 543,465 shares in the last quarter. Norges Bank bought a new stake in shares of Aercap in the 2nd quarter worth about $241,392,000. Assenagon Asset Management S.A. increased its position in shares of Aercap by 40.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,361,448 shares of the financial services provider’s stock worth $164,735,000 after purchasing an additional 390,475 shares in the last quarter. Finally, Man Group plc lifted its holdings in Aercap by 39.3% during the 2nd quarter. Man Group plc now owns 1,192,104 shares of the financial services provider’s stock valued at $139,476,000 after purchasing an additional 336,231 shares during the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.

Aercap Trading Up 0.6%

AER stock opened at $143.99 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.43. Aercap Holdings N.V. has a twelve month low of $85.57 and a twelve month high of $149.24. The company has a market cap of $26.89 billion, a P/E ratio of 6.82, a PEG ratio of 0.73 and a beta of 1.05. The business has a fifty day moving average of $142.75 and a 200-day moving average of $129.22.

Analysts Set New Price Targets

Several analysts have weighed in on AER shares. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Aercap in a research note on Wednesday, January 21st. Susquehanna increased their price target on Aercap from $134.00 to $157.00 and gave the stock a “positive” rating in a research report on Tuesday, November 11th. Barclays lifted their price objective on Aercap from $144.00 to $162.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. Morgan Stanley increased their target price on Aercap from $120.00 to $150.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 11th. Finally, Bank of America lifted their price target on Aercap from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $148.86.

Aercap Company Profile

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.