Bay Colony Advisory Group Inc d b a Bay Colony Advisors lessened its stake in shares of AerCap Holdings (NYSE:AER) by 21.3% during the third quarter, HoldingsChannel.com reports. The fund owned 7,400 shares of the financial services provider’s stock after selling 2,000 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in AerCap were worth $426,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. BP PLC acquired a new position in AerCap during the third quarter worth $806,000. WINTON GROUP Ltd acquired a new position in AerCap during the third quarter worth $353,000. American Century Companies Inc. raised its holdings in AerCap by 6.2% during the third quarter. American Century Companies Inc. now owns 57,410 shares of the financial services provider’s stock worth $3,302,000 after buying an additional 3,331 shares during the last quarter. Comerica Bank raised its holdings in AerCap by 1.4% during the third quarter. Comerica Bank now owns 171,817 shares of the financial services provider’s stock worth $8,731,000 after buying an additional 2,326 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund acquired a new position in AerCap during the third quarter worth $3,008,000. Institutional investors own 86.16% of the company’s stock.
Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of AerCap from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Wednesday, October 3rd. Barclays lowered their target price on shares of AerCap from $71.00 to $69.00 and set an “overweight” rating for the company in a report on Tuesday, July 31st. Morgan Stanley increased their target price on shares of AerCap from $53.00 to $54.00 and gave the company an “underweight” rating in a report on Monday, August 6th. Finally, Stephens downgraded shares of AerCap from an “overweight” rating to an “equal weight” rating and set a $64.00 target price for the company. in a report on Tuesday, July 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $62.90.
Shares of AER stock opened at $51.35 on Wednesday. The stock has a market capitalization of $7.56 billion, a PE ratio of 8.11, a PEG ratio of 0.63 and a beta of 1.95. The company has a debt-to-equity ratio of 3.18, a current ratio of 0.38 and a quick ratio of 0.38. AerCap Holdings has a one year low of $48.10 and a one year high of $58.30.
AerCap (NYSE:AER) last announced its earnings results on Tuesday, October 30th. The financial services provider reported $1.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.24. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. AerCap had a net margin of 21.66% and a return on equity of 12.01%. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.62 earnings per share. On average, equities research analysts anticipate that AerCap Holdings will post 6.72 earnings per share for the current fiscal year.
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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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