Cooke & Bieler LP lessened its stake in AerCap Holdings (NYSE:AER - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,426,050 shares of the financial services provider's stock after selling 163,071 shares during the period. AerCap comprises approximately 3.6% of Cooke & Bieler LP's investment portfolio, making the stock its largest holding. Cooke & Bieler LP owned 2.58% of AerCap worth $403,264,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of AER. Resonant Capital Advisors LLC acquired a new position in shares of AerCap during the 4th quarter worth approximately $206,000. Ninety One UK Ltd raised its stake in shares of AerCap by 93.0% during the 4th quarter. Ninety One UK Ltd now owns 2,425,602 shares of the financial services provider's stock worth $180,271,000 after buying an additional 1,168,628 shares during the period. Ninety One North America Inc. acquired a new position in shares of AerCap during the 4th quarter worth approximately $2,196,000. Daiwa Securities Group Inc. raised its stake in shares of AerCap by 6.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 75,360 shares of the financial services provider's stock worth $5,600,000 after buying an additional 4,801 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of AerCap by 67.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 155,308 shares of the financial services provider's stock worth $11,542,000 after buying an additional 62,463 shares during the period. Hedge funds and other institutional investors own 96.42% of the company's stock.
Analyst Ratings Changes
Several research analysts have recently weighed in on AER shares. BMO Capital Markets reduced their target price on AerCap from $103.00 to $101.00 and set an "outperform" rating for the company in a research note on Monday, February 26th. Barclays increased their price objective on AerCap from $84.00 to $93.00 and gave the company an "overweight" rating in a research note on Monday, February 26th. Susquehanna increased their price objective on AerCap from $80.00 to $90.00 and gave the company a "positive" rating in a research note on Monday, February 26th. Finally, TD Cowen reissued a "buy" rating and issued a $85.00 price objective on shares of AerCap in a research note on Tuesday, February 27th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $87.71.
Read Our Latest Research Report on AER
AerCap Trading Down 0.6 %
Shares of AER traded down $0.53 during midday trading on Friday, reaching $83.21. The company had a trading volume of 1,163,161 shares, compared to its average volume of 1,375,111. AerCap Holdings has a 1-year low of $53.42 and a 1-year high of $88.44. The stock has a market cap of $16.47 billion, a PE ratio of 5.88, a price-to-earnings-growth ratio of 2.65 and a beta of 1.85. The firm has a 50 day simple moving average of $82.35 and a 200-day simple moving average of $73.97. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 2.80.
AerCap (NYSE:AER - Get Free Report) last issued its earnings results on Friday, February 23rd. The financial services provider reported $3.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.44 by $0.67. AerCap had a return on equity of 14.92% and a net margin of 41.37%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the company earned $2.66 EPS. The company's revenue for the quarter was up 3.8% on a year-over-year basis. Research analysts forecast that AerCap Holdings will post 9.88 EPS for the current fiscal year.
About AerCap
(
Free Report)
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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