Assenagon Asset Management S.A. increased its position in AerCap Holdings (NYSE:AER) by 223.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,045 shares of the financial services provider’s stock after buying an additional 86,334 shares during the quarter. Assenagon Asset Management S.A. owned 0.09% of AerCap worth $7,687,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC increased its stake in shares of AerCap by 46.6% in the third quarter. Parallel Advisors LLC now owns 736 shares of the financial services provider’s stock worth $40,000 after buying an additional 234 shares during the period. Kistler Tiffany Companies LLC increased its stake in shares of AerCap by 100.0% in the fourth quarter. Kistler Tiffany Companies LLC now owns 954 shares of the financial services provider’s stock worth $55,000 after buying an additional 477 shares during the period. Huntington National Bank increased its stake in shares of AerCap by 32.3% in the fourth quarter. Huntington National Bank now owns 1,232 shares of the financial services provider’s stock worth $76,000 after buying an additional 301 shares during the period. Quest Capital Management Inc. ADV purchased a new position in shares of AerCap in the third quarter worth $80,000. Finally, Cerebellum GP LLC increased its stake in shares of AerCap by 18.0% in the third quarter. Cerebellum GP LLC now owns 2,417 shares of the financial services provider’s stock worth $127,000 after buying an additional 369 shares during the period. 88.98% of the stock is currently owned by institutional investors.
Several brokerages recently commented on AER. ValuEngine downgraded shares of AerCap from a “sell” rating to a “strong sell” rating in a research note on Friday, January 3rd. Credit Suisse Group lifted their target price on shares of AerCap from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Zacks Investment Research cut shares of AerCap from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Finally, Barclays lifted their price target on shares of AerCap from $64.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. AerCap presently has an average rating of “Hold” and an average target price of $64.71.
NYSE:AER opened at $62.35 on Friday. The stock has a market cap of $8.38 billion, a P/E ratio of 8.09, a price-to-earnings-growth ratio of 1.67 and a beta of 1.78. The firm’s fifty day simple moving average is $61.34 and its 200 day simple moving average is $56.29. AerCap Holdings has a twelve month low of $40.16 and a twelve month high of $62.89. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.17.
AerCap (NYSE:AER) last released its quarterly earnings results on Friday, November 8th. The financial services provider reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.13. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.22 billion. AerCap had a net margin of 21.81% and a return on equity of 11.82%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.79 earnings per share. On average, analysts expect that AerCap Holdings will post 8.15 EPS for the current fiscal year.
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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