Lazard Asset Management LLC Takes Position in AerCap Holdings (NYSE:AER)

Lazard Asset Management LLC purchased a new stake in AerCap Holdings (NYSE:AERGet Rating) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,924 shares of the financial services provider’s stock, valued at approximately $159,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. grew its stake in AerCap by 90.7% during the first quarter. BlackRock Inc. now owns 5,767,535 shares of the financial services provider’s stock valued at $289,992,000 after acquiring an additional 2,743,035 shares in the last quarter. Border to Coast Pensions Partnership Ltd bought a new stake in AerCap during the 1st quarter valued at $73,121,000. Cooke & Bieler LP raised its holdings in AerCap by 26.8% during the 2nd quarter. Cooke & Bieler LP now owns 6,102,854 shares of the financial services provider’s stock valued at $249,851,000 after buying an additional 1,290,882 shares during the last quarter. State Street Corp raised its holdings in AerCap by 112.8% in the 1st quarter. State Street Corp now owns 2,155,846 shares of the financial services provider’s stock worth $108,396,000 after purchasing an additional 1,142,547 shares in the last quarter. Finally, Pendal Group Ltd raised its holdings in AerCap by 93.0% in the 2nd quarter. Pendal Group Ltd now owns 2,084,550 shares of the financial services provider’s stock worth $85,341,000 after purchasing an additional 1,004,202 shares in the last quarter. Institutional investors own 98.30% of the company’s stock.

AerCap Stock Performance

Shares of NYSE AER opened at $59.05 on Tuesday. The firm’s 50-day moving average price is $50.06 and its 200-day moving average price is $46.35. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 3.03. The company has a market cap of $14.49 billion, a PE ratio of -12.59, a PEG ratio of 0.88 and a beta of 2.01. AerCap Holdings has a 52-week low of $37.20 and a 52-week high of $69.36.

AerCap (NYSE:AERGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The financial services provider reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.82. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.65 billion. AerCap had a negative net margin of 17.08% and a positive return on equity of 11.28%. The business’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter last year, the firm posted $4.04 EPS. As a group, analysts anticipate that AerCap Holdings will post 8.28 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AER shares. StockNews.com started coverage on shares of AerCap in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Barclays upped their target price on shares of AerCap from $58.00 to $66.00 and gave the stock an “overweight” rating in a research report on Friday, November 4th. Finally, Credit Suisse Group upped their target price on shares of AerCap from $70.00 to $74.00 and gave the stock an “outperform” rating in a research report on Friday, August 12th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, AerCap has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.

AerCap Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for AerCap (NYSE:AER)

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