BlackRock Inc. Decreases Stock Holdings in AerCap Holdings (NYSE:AER)

BlackRock Inc. reduced its holdings in shares of AerCap Holdings (NYSE:AERGet Rating) by 0.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,434,486 shares of the financial services provider’s stock after selling 13,855 shares during the quarter. BlackRock Inc. owned 2.62% of AerCap worth $272,372,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its stake in shares of AerCap by 1.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 9,032,574 shares of the financial services provider’s stock worth $382,347,000 after acquiring an additional 128,473 shares in the last quarter. Franklin Resources Inc. increased its holdings in AerCap by 68.0% in the second quarter. Franklin Resources Inc. now owns 4,999,261 shares of the financial services provider’s stock valued at $204,670,000 after buying an additional 2,023,943 shares during the last quarter. Donald Smith & CO. Inc. increased its holdings in AerCap by 0.5% in the third quarter. Donald Smith & CO. Inc. now owns 4,115,667 shares of the financial services provider’s stock valued at $174,216,000 after buying an additional 18,575 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in AerCap by 9.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 3,070,515 shares of the financial services provider’s stock valued at $125,707,000 after buying an additional 257,011 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its holdings in AerCap by 18.9% in the third quarter. Thompson Siegel & Walmsley LLC now owns 2,479,507 shares of the financial services provider’s stock valued at $104,958,000 after buying an additional 394,717 shares during the last quarter. 98.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Susquehanna boosted their price objective on AerCap from $70.00 to $75.00 and gave the company a “positive” rating in a report on Friday, March 3rd. StockNews.com raised AerCap from a “hold” rating to a “buy” rating in a report on Friday, March 3rd. Finally, Barclays upped their target price on AerCap from $66.00 to $77.00 in a report on Friday, January 6th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $71.29.

AerCap Stock Down 1.6 %

NYSE:AER opened at $56.44 on Monday. The firm has a market capitalization of $13.94 billion, a PE ratio of -18.27, a price-to-earnings-growth ratio of 0.70 and a beta of 2.00. The stock has a 50 day moving average of $61.98 and a 200-day moving average of $55.58. AerCap Holdings has a 52 week low of $37.20 and a 52 week high of $66.85. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 2.87.

AerCap (NYSE:AERGet Rating) last issued its quarterly earnings data on Thursday, March 2nd. The financial services provider reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.69. AerCap had a positive return on equity of 14.18% and a negative net margin of 10.35%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the company posted $1.04 EPS. The business’s revenue for the quarter was up 26.8% compared to the same quarter last year. Analysts predict that AerCap Holdings will post 7.86 EPS for the current year.

AerCap Profile

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AerCap Holdings NV engages in the leasing, financing, sales, and management of commercial flight equipment. It also provides aircraft owners, financiers and investors with asset services to manage an aircraft portfolio. The company was founded in 1995 and is headquartered in Dublin, Ireland.

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Institutional Ownership by Quarter for AerCap (NYSE:AER)

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