Oregon Public Employees Retirement Fund purchased a new position in AerCap Holdings (NYSE:AER) in the 3rd quarter, Holdings Channel reports. The firm purchased 52,292 shares of the financial services provider’s stock, valued at approximately $3,008,000.
Several other hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new stake in AerCap during the second quarter valued at $167,000. We Are One Seven LLC purchased a new stake in AerCap during the third quarter valued at $222,000. Commonwealth Equity Services LLC purchased a new stake in AerCap during the second quarter valued at $224,000. Daiwa SB Investments Ltd. purchased a new stake in AerCap during the third quarter valued at $225,000. Finally, CIBC World Markets Inc. purchased a new stake in AerCap during the first quarter valued at $254,000. Hedge funds and other institutional investors own 85.98% of the company’s stock.
NYSE:AER opened at $50.96 on Friday. AerCap Holdings has a 52-week low of $48.10 and a 52-week high of $58.30. The company has a debt-to-equity ratio of 3.18, a current ratio of 0.38 and a quick ratio of 0.49. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 7.28, a P/E/G ratio of 1.06 and a beta of 1.95.
AerCap (NYSE:AER) last released its quarterly earnings results on Tuesday, October 30th. The financial services provider reported $1.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.24. AerCap had a return on equity of 12.01% and a net margin of 21.66%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the company posted $1.62 earnings per share. AerCap’s revenue for the quarter was down 8.4% on a year-over-year basis. Equities research analysts predict that AerCap Holdings will post 6.72 EPS for the current year.
A number of analysts recently commented on AER shares. Zacks Investment Research cut AerCap from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. Barclays cut their price target on AerCap from $71.00 to $69.00 and set an “overweight” rating for the company in a report on Tuesday, July 31st. Morgan Stanley boosted their price target on AerCap from $53.00 to $54.00 and gave the company an “underweight” rating in a report on Monday, August 6th. Finally, Stephens lowered AerCap from an “overweight” rating to an “equal weight” rating and set a $64.00 price target for the company. in a report on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $62.90.
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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