Check Capital Management Inc. CA lessened its stake in AerCap Holdings (NYSE:AER – Free Report) by 0.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 855,317 shares of the financial services provider’s stock after selling 7,322 shares during the period. AerCap comprises about 2.1% of Check Capital Management Inc. CA’s holdings, making the stock its 7th largest holding. Check Capital Management Inc. CA owned approximately 0.35% of AerCap worth $48,094,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of AER. Quarry LP bought a new position in AerCap during the 1st quarter valued at approximately $25,000. WealthPLAN Partners LLC bought a new position in AerCap during the 1st quarter valued at approximately $30,000. Zions Bancorporation N.A. raised its position in AerCap by 473.7% during the 4th quarter. Zions Bancorporation N.A. now owns 763 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 630 shares during the last quarter. Belpointe Asset Management LLC bought a new position in AerCap during the 4th quarter valued at approximately $45,000. Finally, Cullen Frost Bankers Inc. bought a new position in AerCap during the 1st quarter valued at approximately $51,000. Institutional investors own 92.00% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on AER shares. JPMorgan Chase & Co. increased their target price on AerCap from $74.00 to $77.00 in a research report on Thursday, June 8th. TD Cowen increased their target price on AerCap from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 1st. StockNews.com started coverage on AerCap in a research report on Thursday, August 17th. They issued a “buy” rating for the company. The Goldman Sachs Group increased their target price on AerCap from $75.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Finally, Susquehanna increased their target price on AerCap from $70.00 to $80.00 and gave the stock a “positive” rating in a research report on Tuesday, August 1st. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $80.33.
AerCap Stock Performance
AerCap stock opened at $59.90 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 2.82. The company has a market capitalization of $14.23 billion, a P/E ratio of 7.71, a PEG ratio of 1.26 and a beta of 1.99. The stock’s 50 day moving average is $62.99 and its 200 day moving average is $59.41. AerCap Holdings has a twelve month low of $39.73 and a twelve month high of $69.50.
AerCap (NYSE:AER – Get Free Report) last posted its quarterly earnings results on Monday, July 31st. The financial services provider reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.44. AerCap had a return on equity of 14.57% and a net margin of 25.33%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the business posted $1.91 EPS. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts predict that AerCap Holdings will post 9.66 earnings per share for the current fiscal year.
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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