Bank of Nova Scotia Sells 400 Shares of AerCap Holdings (NYSE:AER)

Bank of Nova Scotia reduced its position in AerCap Holdings (NYSE:AER – Get Rating) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,200 shares of the financial services provider’s stock after selling 400 shares during the quarter. Bank of Nova Scotia’s holdings in AerCap were worth $420,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cooke & Bieler LP lifted its position in AerCap by 1.1% in the fourth quarter. Cooke & Bieler LP now owns 6,142,480 shares of the financial services provider’s stock worth $358,229,000 after purchasing an additional 69,286 shares during the period. BlackRock Inc. lifted its holdings in shares of 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 during the period. London Co. of Virginia lifted its holdings in shares of AerCap by 22.7% during the third quarter. London Co. of Virginia now owns 4,165,558 shares of the financial services provider’s stock valued at $176,328,000 after acquiring an additional 769,584 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of AerCap by 9.1% during 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 acquiring an additional 257,011 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in shares of AerCap by 18.9% during 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 acquiring an additional 394,717 shares during the period. 98.17% of the stock is owned by institutional investors.

AerCap Price Performance

Shares of AER stock opened at $57.22 on Thursday. The stock has a 50-day moving average price of $55.21 and a 200 day moving average price of $58.49. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 2.87. The firm has a market cap of $13.59 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 1.08 and a beta of 1.99. AerCap Holdings has a 12 month low of $37.20 and a 12 month high of $66.85.

AerCap (NYSE:AER – Get Rating) last announced its quarterly earnings data on Tuesday, May 2nd. The financial services provider reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.34. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. AerCap had a return on equity of 14.03% and a net margin of 24.08%. The company’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the company earned $2.23 earnings per share. Research analysts expect that AerCap Holdings will post 8.72 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on AER. The Goldman Sachs Group began coverage on AerCap in a report on Thursday, March 30th. They set a “buy” rating and a $74.00 price objective for the company. StockNews.com began coverage on AerCap in a report on Thursday, May 18th. They set a “buy” rating for the company. Susquehanna cut their price objective on AerCap from $75.00 to $70.00 in a report on Wednesday, May 3rd. Barclays raised their target price on AerCap from $77.00 to $78.00 in a research note on Wednesday, May 3rd. Finally, Citigroup started coverage on AerCap in a research note on Monday, May 15th. They issued a “buy” rating and a $71.00 target price for the company. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $72.00.

AerCap Profile

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AerCap Holdings NV engages in the leasing, financing, sales, and management of commercial flight equipment. The company was founded in 1995 and is headquartered in Dublin, Ireland.