New York State Common Retirement Fund Lowers Position in AerCap Holdings (NYSE:AER)

New York State Common Retirement Fund lowered its position in AerCap Holdings (NYSE:AER) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 620,814 shares of the financial services provider’s stock after selling 16,588 shares during the period. New York State Common Retirement Fund’s holdings in AerCap were worth $46,139,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in AER. California Public Employees Retirement System lifted its holdings in shares of AerCap by 22.2% in the 4th quarter. California Public Employees Retirement System now owns 358,689 shares of the financial services provider’s stock valued at $26,658,000 after buying an additional 65,082 shares during the period. OLD National Bancorp IN acquired a new position in shares of AerCap during the 4th quarter worth $202,000. Handelsbanken Fonder AB increased its holdings in shares of AerCap by 20.4% in the 4th quarter. Handelsbanken Fonder AB now owns 75,100 shares of the financial services provider’s stock valued at $5,581,000 after purchasing an additional 12,715 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of AerCap by 2,787.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 415,254 shares of the financial services provider’s stock valued at $30,862,000 after purchasing an additional 400,872 shares during the period. Finally, Signaturefd LLC boosted its holdings in AerCap by 3.3% during the fourth quarter. Signaturefd LLC now owns 4,338 shares of the financial services provider’s stock worth $322,000 after buying an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Wall Street Analyst Weigh In

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

AerCap Stock Down 1.2 %

Shares of NYSE:AER opened at $85.11 on Thursday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 2.80. The company has a market capitalization of $16.85 billion, a P/E ratio of 6.02, a P/E/G ratio of 2.69 and a beta of 1.85. AerCap Holdings has a 52-week low of $53.42 and a 52-week high of $88.44. The stock’s fifty day simple moving average is $82.67 and its 200-day simple moving average is $74.32.

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, beating analysts’ consensus estimates of $2.44 by $0.67. AerCap had a net margin of 41.37% and a return on equity of 14.92%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the firm earned $2.66 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, equities research analysts forecast that AerCap Holdings will post 9.88 earnings per share for the current fiscal year.

AerCap Company Profile

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.