AerCap Holdings (AER) Position Raised by Eqis Capital Management Inc.
Eqis Capital Management Inc. lifted its holdings in shares of AerCap Holdings (NYSE:AER) by 25.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,109 shares of the financial services provider’s stock after buying an additional 7,599 shares during the period. Eqis Capital Management Inc.’s holdings in AerCap were worth $1,727,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Riverview Trust Co purchased a new stake in shares of AerCap during the fourth quarter valued at $29,000. Penserra Capital Management LLC purchased a new stake in shares of AerCap during the fourth quarter valued at $30,000. Liberty Wealth Management LLC purchased a new stake in shares of AerCap during the fourth quarter valued at $30,000. Oregon Public Employees Retirement Fund boosted its position in shares of AerCap by 4,360.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,332,202 shares of the financial services provider’s stock valued at $59,000 after buying an additional 2,279,910 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of AerCap by 56.4% during the fourth quarter. Advisors Asset Management Inc. now owns 1,645 shares of the financial services provider’s stock valued at $65,000 after buying an additional 593 shares during the last quarter. 85.30% of the stock is currently owned by institutional investors.
AER stock opened at $49.41 on Friday. AerCap Holdings has a fifty-two week low of $36.16 and a fifty-two week high of $58.30. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 7.23, a PEG ratio of 5.18 and a beta of 1.87.
Several equities research analysts recently commented on the company. Citigroup increased their price objective on AerCap from $53.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday. Zacks Investment Research downgraded AerCap from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. ValuEngine raised AerCap from a “sell” rating to a “hold” rating in a report on Friday, March 29th. Goldman Sachs Group assumed coverage on AerCap in a report on Monday, April 8th. They issued a “neutral” rating and a $58.00 target price on the stock. Finally, Barclays set a $64.00 target price on AerCap and gave the company a “buy” rating in a report on Friday, February 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $59.13.
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AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in China, the United States, Ireland, and internationally. The company offers aircraft asset management services, including remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.
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