Freestone Capital Holdings LLC boosted its position in shares of AerCap Holdings (NYSE:AER) by 50.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 220,414 shares of the financial services provider’s stock after acquiring an additional 73,974 shares during the period. Freestone Capital Holdings LLC owned 0.15% of AerCap worth $10,258,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in AerCap by 2.0% in the 4th quarter. BlackRock Inc. now owns 6,637,569 shares of the financial services provider’s stock valued at $262,848,000 after buying an additional 131,917 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of AerCap by 4,360.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,332,202 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 2,279,910 shares during the period. Wedge Capital Management L L P NC boosted its holdings in AerCap by 2.1% during the 1st quarter. Wedge Capital Management L L P NC now owns 2,019,635 shares of the financial services provider’s stock valued at $93,994,000 after acquiring an additional 42,401 shares during the period. Northern Trust Corp boosted its holdings in AerCap by 7.8% during the 4th quarter. Northern Trust Corp now owns 1,747,558 shares of the financial services provider’s stock valued at $69,203,000 after acquiring an additional 126,989 shares during the period. Finally, Bank of Montreal Can boosted its holdings in AerCap by 11.7% during the 4th quarter. Bank of Montreal Can now owns 1,445,530 shares of the financial services provider’s stock valued at $57,243,000 after acquiring an additional 151,731 shares during the period. Institutional investors own 81.33% of the company’s stock.
AerCap stock traded down $0.14 during trading on Friday, hitting $48.78. The company’s stock had a trading volume of 474,400 shares, compared to its average volume of 1,250,122. The firm has a market capitalization of $7.43 billion, a P/E ratio of 7.14 and a beta of 1.81. AerCap Holdings has a 1-year low of $36.16 and a 1-year high of $58.30. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 3.43.
AerCap (NYSE:AER) last released its earnings results on Wednesday, May 1st. The financial services provider reported $1.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.08. AerCap had a return on equity of 11.09% and a net margin of 20.57%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the firm posted $1.72 earnings per share. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. As a group, equities analysts predict that AerCap Holdings will post 6.76 EPS for the current year.
A number of brokerages recently commented on AER. Citigroup raised their target price on AerCap from $53.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Goldman Sachs Group started coverage on AerCap in a research report on Monday, April 8th. They issued a “neutral” rating and a $58.00 price target on the stock. Barclays set a $64.00 target price on AerCap and gave the stock a “buy” rating in a research report on Friday, February 15th. Zacks Investment Research lowered AerCap from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Finally, ValuEngine raised AerCap from a “sell” rating to a “hold” rating in a research report on Friday, March 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. AerCap has an average rating of “Hold” and a consensus target price of $57.00.
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 China, the United States, Ireland, and internationally. The company offers 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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