Schwab Charles Investment Management Inc. lifted its holdings in shares of AerCap Holdings (NYSE:AER) by 4.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,381 shares of the financial services provider’s stock after acquiring an additional 3,259 shares during the period. Schwab Charles Investment Management Inc.’s holdings in AerCap were worth $3,621,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of AER. Financial Gravity Companies Inc. bought a new stake in shares of AerCap during the fourth quarter worth about $130,000. Icon Wealth Partners LLC bought a new stake in shares of AerCap during the fourth quarter worth about $134,000. We Are One Seven LLC bought a new stake in shares of AerCap during the fourth quarter worth about $188,000. Segall Bryant & Hamill LLC bought a new stake in shares of AerCap during the fourth quarter worth about $231,000. Finally, Premia Global Advisors LLC purchased a new position in AerCap during the fourth quarter worth about $248,000. 83.59% of the stock is owned by institutional investors.
AerCap stock opened at $54.02 on Friday. The company has a debt-to-equity ratio of 3.34, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a market cap of $8.52 billion, a P/E ratio of 8.53, a PEG ratio of 0.70 and a beta of 1.80. AerCap Holdings has a fifty-two week low of $46.00 and a fifty-two week high of $56.26.
AerCap (NYSE:AER) last released its earnings results on Thursday, May 3rd. The financial services provider reported $1.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.18. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. AerCap had a net margin of 21.52% and a return on equity of 12.54%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.48 earnings per share. research analysts anticipate that AerCap Holdings will post 6.42 earnings per share for the current year.
AER has been the topic of several analyst reports. Macquarie initiated coverage on shares of AerCap in a report on Tuesday, March 13th. They set an “outperform” rating on the stock. Morgan Stanley boosted their price target on shares of AerCap from $49.00 to $52.00 and gave the stock an “underweight” rating in a report on Thursday, April 12th. ValuEngine cut shares of AerCap from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 2nd. Cowen restated an “outperform” rating and set a $60.00 price target (up from $58.00) on shares of AerCap in a report on Friday, May 4th. Finally, Deutsche Bank boosted their price target on shares of AerCap from $68.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, May 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $60.90.
AerCap Company Profile
AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in Mainland China, Hong Kong, Macau, the United States, Ireland, and internationally. The company provides 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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