Sumitomo Mitsui DS Asset Management Company Ltd Increases Stake in AerCap Holdings (NYSE:AER)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in AerCap Holdings (NYSE:AER - Free Report) by 2,787.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 415,254 shares of the financial services provider's stock after acquiring an additional 400,872 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd owned 0.20% of AerCap worth $30,862,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Signaturefd LLC lifted its position in AerCap by 3.3% during the fourth quarter. Signaturefd LLC now owns 4,338 shares of the financial services provider's stock valued at $322,000 after buying an additional 137 shares during the period. DGS Capital Management LLC lifted its position in AerCap by 2.2% during the fourth quarter. DGS Capital Management LLC now owns 7,236 shares of the financial services provider's stock valued at $538,000 after buying an additional 155 shares during the period. Gotham Asset Management LLC lifted its position in AerCap by 3.3% during the third quarter. Gotham Asset Management LLC now owns 5,538 shares of the financial services provider's stock valued at $347,000 after buying an additional 175 shares during the period. Massmutual Trust Co. FSB ADV raised its position in shares of AerCap by 4.7% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 4,123 shares of the financial services provider's stock worth $306,000 after purchasing an additional 185 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of AerCap by 0.9% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,224 shares of the financial services provider's stock worth $1,238,000 after purchasing an additional 190 shares during the last quarter. Institutional investors own 96.42% of the company's stock.

AerCap Stock Performance

AER traded down $0.53 during midday trading on Friday, hitting $83.21. 1,163,161 shares of the company traded hands, compared to its average volume of 1,375,111. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 2.80. The firm has a market capitalization of $16.47 billion, a PE ratio of 5.88, a price-to-earnings-growth ratio of 2.66 and a beta of 1.85. The company's 50-day moving average is $82.35 and its 200 day moving average is $73.86. AerCap Holdings has a 52 week low of $53.42 and a 52 week high of $88.44.

AerCap (NYSE:AER - Get Free Report) last posted its earnings results on Friday, February 23rd. The financial services provider reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.67. The business had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.94 billion. AerCap had a net margin of 41.37% and a return on equity of 14.92%. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.66 EPS. On average, research analysts expect that AerCap Holdings will post 9.88 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AER. Susquehanna upped their price target on shares of AerCap from $80.00 to $90.00 and gave the stock a "positive" rating in a research note on Monday, February 26th. Barclays upped their price target on shares of AerCap from $84.00 to $93.00 and gave the stock an "overweight" 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 research note on Tuesday, February 27th. Finally, BMO Capital Markets dropped their price target on shares of AerCap from $103.00 to $101.00 and set an "outperform" rating on the stock in a research note on Monday, February 26th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average 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.