SVB Wealth LLC Lowers Stock Holdings in AerCap Holdings (NYSE:AER)

SVB Wealth LLC reduced its position in shares of AerCap Holdings (NYSE:AER) by 45.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,881 shares of the financial services provider’s stock after selling 2,389 shares during the period. SVB Wealth LLC’s holdings in AerCap were worth $214,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Optiver Holding B.V. purchased a new stake in AerCap during the 3rd quarter worth about $32,000. Allworth Financial LP increased its position in AerCap by 2,460.0% in the 3rd quarter. Allworth Financial LP now owns 768 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 738 shares during the period. Acadian Asset Management LLC acquired a new position in AerCap during the 3rd quarter worth approximately $63,000. Bourgeon Capital Management LLC increased its position in AerCap by 20,000.0% during the 4th quarter. Bourgeon Capital Management LLC now owns 1,005 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 1,000 shares during the period. Finally, Compagnie Lombard Odier SCmA acquired a new position in AerCap during the 3rd quarter worth approximately $103,000. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

AerCap Price Performance

Shares of NYSE AER opened at $86.13 on Wednesday. The business has a 50-day moving average of $82.49 and a 200-day moving average of $74.14. The company has a market capitalization of $17.05 billion, a price-to-earnings ratio of 6.09, a PEG ratio of 2.65 and a beta of 1.85. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.33 and a quick ratio of 0.33. AerCap Holdings has a 1-year low of $53.42 and a 1-year high of $88.44.

AerCap (NYSE:AER) last issued its quarterly earnings data on Friday, February 23rd. The financial services provider reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.67. AerCap had a net margin of 41.37% and a return on equity of 14.92%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the business posted $2.66 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. On average, equities analysts anticipate that AerCap Holdings will post 9.88 EPS for the current fiscal year.

Analysts Set New Price Targets

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

AerCap Company 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.