Los Angeles Capital Management & Equity Research Inc. decreased its holdings in shares of AerCap Holdings (NYSE:AER) by 10.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 329,258 shares of the financial services provider’s stock after selling 36,900 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.22% of AerCap worth $18,939,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC bought a new stake in shares of AerCap during the 2nd quarter valued at $167,000. We Are One Seven LLC bought a new stake in shares of AerCap during the 3rd quarter valued at $222,000. Daiwa SB Investments Ltd. bought a new stake in shares of AerCap during the 3rd quarter valued at $225,000. Commonwealth Equity Services LLC bought a new stake in shares of AerCap during the 2nd quarter valued at $224,000. Finally, Truvestments Capital LLC bought a new stake in shares of AerCap during the 2nd quarter valued at $265,000. Institutional investors own 86.16% of the company’s stock.
Several analysts have commented on AER shares. Zacks Investment Research cut shares of AerCap from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Stephens cut shares of AerCap from an “overweight” rating to an “equal weight” rating and set a $64.00 target price for the company. in a research report on Tuesday, July 31st. Morgan Stanley upped their target price on shares of AerCap from $53.00 to $54.00 and gave the company an “underweight” rating in a research report on Monday, August 6th. Finally, Barclays dropped their target price on shares of AerCap from $71.00 to $69.00 and set an “overweight” rating for the company in a research report on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $63.89.
Shares of AER stock opened at $52.25 on Friday. AerCap Holdings has a 12-month low of $48.10 and a 12-month high of $58.30. The firm has a market capitalization of $7.73 billion, a PE ratio of 7.57, a PEG ratio of 0.65 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 (NYSE:AER) last announced its quarterly earnings results on Tuesday, October 30th. The financial services provider reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.24. AerCap had a net margin of 21.66% and a return on equity of 12.01%. The company 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 business earned $1.62 EPS. The firm’s revenue was down 8.4% on a year-over-year basis. Equities analysts expect that AerCap Holdings will post 6.72 EPS for the current fiscal year.
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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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