Desjardins Global Asset Management Inc. Raises Stake in AerCap Holdings (NYSE:AER)

Desjardins Global Asset Management Inc. boosted its holdings in shares of AerCap Holdings (NYSE:AER) by 281.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 25,957 shares of the financial services provider’s stock after purchasing an additional 19,152 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in AerCap were worth $1,929,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AER. Quarry LP purchased a new position in shares of AerCap during the 1st quarter valued at about $25,000. Optiver Holding B.V. purchased a new stake in AerCap in the 3rd quarter worth approximately $32,000. Tower Research Capital LLC TRC acquired a new stake in shares of AerCap during the 3rd quarter worth approximately $41,000. Allworth Financial LP increased its holdings in shares of AerCap by 2,460.0% during the 3rd quarter. Allworth Financial LP now owns 768 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 738 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of AerCap in the 3rd quarter valued at $63,000. 96.42% of the stock is currently owned by institutional investors and hedge funds.

AerCap Stock Performance

Shares of NYSE:AER opened at $82.54 on Wednesday. The business’s 50 day moving average price is $81.99 and its 200-day moving average price is $73.44. AerCap Holdings has a 1 year low of $53.42 and a 1 year high of $88.44. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $16.34 billion, a PE ratio of 5.84, a P/E/G ratio of 2.63 and a beta of 1.85.

AerCap (NYSE:AER) last released its earnings results on Friday, February 23rd. The financial services provider reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.67. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. AerCap had a net margin of 41.37% and a return on equity of 14.92%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.66 earnings per share. As a group, equities research analysts expect that AerCap Holdings will post 9.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AER. Susquehanna raised their price target on shares of AerCap from $80.00 to $90.00 and gave the company a “positive” rating in a research report on Monday, February 26th. Barclays lifted their price target on AerCap from $84.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, February 26th. BMO Capital Markets lowered their price target on AerCap from $103.00 to $101.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. Finally, TD Cowen reissued a “buy” rating and issued a $85.00 price objective on shares of AerCap in a report on Tuesday, February 27th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $87.71.

About AerCap

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.