Raymond James & Associates Sells 10,107 Shares of AerCap Holdings (NYSE:AER)

Raymond James & Associates cut its stake in shares of AerCap Holdings (NYSE:AER) by 33.7% in the fourth quarter, HoldingsChannel reports. The fund owned 19,854 shares of the financial services provider’s stock after selling 10,107 shares during the period. Raymond James & Associates’ holdings in AerCap were worth $1,476,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in AerCap during the first quarter valued at approximately $25,000. Optiver Holding B.V. bought a new stake in shares of AerCap during the 3rd quarter valued at $32,000. Tower Research Capital LLC TRC purchased a new position in shares of AerCap during the 3rd quarter valued at $41,000. Allworth Financial LP boosted its holdings in AerCap by 2,460.0% in the 3rd quarter. Allworth Financial LP now owns 768 shares of the financial services provider’s stock worth $48,000 after buying an additional 738 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in AerCap in the 3rd quarter worth $63,000. 96.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Barclays boosted their price objective on AerCap from $84.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, February 26th. Susquehanna boosted their price target on AerCap from $80.00 to $90.00 and gave the stock a “positive” rating in a report on Monday, February 26th. TD Cowen restated a “buy” rating and issued a $85.00 price target on shares of AerCap in a research note on Tuesday, February 27th. Finally, BMO Capital Markets dropped their target price on shares of AerCap from $103.00 to $101.00 and set an “outperform” rating for the company in a research report on Monday, February 26th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $87.71.

AerCap Trading Up 0.2 %

AER stock opened at $83.74 on Friday. The firm has a fifty day moving average price of $82.23 and a 200 day moving average price of $73.58. AerCap Holdings has a fifty-two week low of $53.42 and a fifty-two week high of $88.44. The firm has a market cap of $16.57 billion, a PE ratio of 5.92, a price-to-earnings-growth ratio of 2.63 and a beta of 1.85. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.33 and a current ratio of 0.33.

AerCap (NYSE:AER) last released its quarterly earnings data on Friday, February 23rd. The financial services provider reported $3.11 EPS for the quarter, beating the consensus estimate of $2.44 by $0.67. AerCap had a net margin of 41.37% and a return on equity of 14.92%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the business earned $2.66 earnings per share. AerCap’s quarterly revenue was up 3.8% compared to the same quarter last year. Sell-side analysts anticipate that AerCap Holdings will post 9.88 earnings per share for the current fiscal year.

AerCap Profile

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.