Donald Smith & CO. Inc. Buys 211,260 Shares of AerCap Holdings (NYSE:AER)

Donald Smith & CO. Inc. grew its stake in shares of AerCap Holdings (NYSE:AER) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,069,400 shares of the financial services provider’s stock after purchasing an additional 211,260 shares during the quarter. AerCap makes up about 7.8% of Donald Smith & CO. Inc.’s holdings, making the stock its biggest position. Donald Smith & CO. Inc. owned 1.94% of AerCap worth $302,438,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AER. Optiver Holding B.V. acquired a new position in shares of AerCap in the 3rd quarter valued at $32,000. Allworth Financial LP increased its holdings in shares of AerCap by 2,460.0% in the 3rd quarter. Allworth Financial LP now owns 768 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 738 shares during the period. Acadian Asset Management LLC acquired a new position in shares of AerCap in the 3rd quarter valued at $63,000. Bourgeon Capital Management LLC increased its holdings in shares of AerCap by 20,000.0% in the 4th quarter. Bourgeon Capital Management LLC now owns 1,005 shares of the financial services provider’s stock valued at $75,000 after acquiring an additional 1,000 shares during the period. Finally, Compagnie Lombard Odier SCmA acquired a new position in shares of AerCap in the 3rd quarter valued at $103,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AER shares. Susquehanna lifted their target price on shares of AerCap from $80.00 to $90.00 and gave the company a “positive” rating in a report on Monday, February 26th. BMO Capital Markets lowered their price objective on shares of AerCap from $103.00 to $101.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. TD Cowen reiterated a “buy” rating and issued a $85.00 price objective on shares of AerCap in a research report on Tuesday, February 27th. Finally, Barclays lifted their price objective on shares of AerCap from $84.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, February 26th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AerCap has a consensus rating of “Buy” and an average target price of $87.71.

AerCap Price Performance

Shares of NYSE AER traded up $1.23 during trading on Monday, hitting $86.72. 1,646,307 shares of the company were exchanged, compared to its average volume of 1,557,523. The company has a market cap of $17.16 billion, a price-to-earnings ratio of 6.07, a PEG ratio of 2.77 and a beta of 1.85. AerCap Holdings has a 1 year low of $53.42 and a 1 year high of $88.44. The firm’s fifty day moving average price is $83.12 and its 200 day moving average price is $74.83. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.33 and a quick ratio of 0.33.

AerCap (NYSE:AER) last issued its earnings results on Friday, February 23rd. The financial services provider reported $3.11 EPS for the quarter, topping the consensus estimate of $2.44 by $0.67. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. AerCap had a net margin of 41.37% and a return on equity of 14.92%. The business’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.66 EPS. On average, sell-side analysts expect that AerCap Holdings will post 9.7 earnings per share for the current fiscal year.

AerCap Company Profile

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.