J. Safra Sarasin Holding AG Sells 9,514 Shares of Aercap Holdings N.V. $AER

J. Safra Sarasin Holding AG lessened its holdings in shares of Aercap Holdings N.V. (NYSE:AER) by 47.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 10,484 shares of the financial services provider’s stock after selling 9,514 shares during the period. J. Safra Sarasin Holding AG’s holdings in Aercap were worth $1,269,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AER. JPMorgan Chase & Co. lifted its holdings in shares of Aercap by 25.0% during the second quarter. JPMorgan Chase & Co. now owns 2,873,872 shares of the financial services provider’s stock worth $336,243,000 after buying an additional 575,320 shares during the last quarter. Ninety One UK Ltd increased its position in Aercap by 44.8% during the second quarter. Ninety One UK Ltd now owns 2,794,925 shares of the financial services provider’s stock worth $327,006,000 after acquiring an additional 864,348 shares during the period. Norges Bank acquired a new position in Aercap during the 2nd quarter valued at $241,392,000. Mawer Investment Management Ltd. bought a new stake in Aercap in the 2nd quarter valued at $181,377,000. Finally, Assenagon Asset Management S.A. boosted its holdings in Aercap by 40.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,361,448 shares of the financial services provider’s stock valued at $164,735,000 after purchasing an additional 390,475 shares during the period. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Morgan Stanley upped their price objective on shares of Aercap from $120.00 to $150.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 11th. Susquehanna boosted their price target on Aercap from $134.00 to $157.00 and gave the company a “positive” rating in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Aercap in a research report on Wednesday, January 21st. Zacks Research cut Aercap from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Finally, Bank of America upped their target price on Aercap from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Aercap currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.86.

Aercap Trading Down 0.9%

Shares of AER opened at $142.55 on Thursday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.43. The stock has a market cap of $26.63 billion, a PE ratio of 6.75, a PEG ratio of 0.74 and a beta of 1.08. Aercap Holdings N.V. has a 1 year low of $85.57 and a 1 year high of $149.24. The stock has a 50 day simple moving average of $141.32 and a 200-day simple moving average of $128.07.

Aercap (NYSE:AER) last announced its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $4.97 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $1.81. Aercap had a return on equity of 15.16% and a net margin of 45.41%.The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same period in the prior year, the business posted $2.41 earnings per share. The business’s revenue was up 18.5% compared to the same quarter last year. On average, sell-side analysts predict that Aercap Holdings N.V. will post 11.29 EPS for the current fiscal year.

Aercap 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.