New York State Common Retirement Fund Sells 16,588 Shares of AerCap Holdings (NYSE:AER)

New York State Common Retirement Fund cut its position in shares of AerCap Holdings (NYSE:AER - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 620,814 shares of the financial services provider's stock after selling 16,588 shares during the period. New York State Common Retirement Fund owned about 0.30% of AerCap worth $46,139,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Signaturefd LLC lifted its stake in AerCap by 3.3% during the fourth quarter. Signaturefd LLC now owns 4,338 shares of the financial services provider's stock worth $322,000 after purchasing an additional 137 shares during the period. DGS Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 155 shares during the period. Gotham Asset Management LLC boosted its stake in shares of AerCap by 3.3% in the 3rd quarter. Gotham Asset Management LLC now owns 5,538 shares of the financial services provider's stock valued at $347,000 after purchasing an additional 175 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of AerCap by 4.7% during 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 in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of AerCap by 4.5% during the fourth quarter. UMB Bank n.a. now owns 4,697 shares of the financial services provider's stock worth $349,000 after purchasing an additional 203 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on AER shares. BMO Capital Markets lowered 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 upped their price objective on AerCap from $84.00 to $93.00 and gave the stock an "overweight" rating in a research note on Monday, February 26th. TD Cowen restated a "buy" rating and set a $85.00 target price on shares of AerCap in a report on Tuesday, February 27th. Finally, Susquehanna increased their price target on shares of AerCap from $80.00 to $90.00 and gave the company a "positive" rating in a research note on Monday, February 26th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $87.71.

AerCap Price Performance

Shares of AerCap stock traded up $0.07 on Thursday, reaching $85.18. 1,629,760 shares of the stock were exchanged, compared to its average volume of 1,557,554. The firm's 50 day moving average is $82.84 and its 200-day moving average is $74.40. The firm has a market cap of $16.86 billion, a PE ratio of 6.02, a P/E/G ratio of 2.74 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 Holdings has a one year low of $53.42 and a one year high of $88.44.

AerCap (NYSE:AER - Get Free Report) last released its earnings results on Friday, February 23rd. The financial services provider reported $3.11 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.67. AerCap had a return on equity of 14.92% and a net margin of 41.37%. The firm had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the prior year, the company earned $2.66 earnings per share. The company's quarterly revenue was up 3.8% on a year-over-year basis. As a group, analysts anticipate that AerCap Holdings will post 9.88 EPS 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.