180 Wealth Advisors LLC Makes New $707,000 Investment in AerCap Holdings (NYSE:AER)

180 Wealth Advisors LLC bought a new position in AerCap Holdings (NYSE:AER) during the 2nd quarter, HoldingsChannel reports. The fund bought 11,099 shares of the financial services provider’s stock, valued at approximately $707,000.

Other large investors have also made changes to their positions in the company. Wellington Management Group LLP grew its stake in AerCap by 15.6% during the first quarter. Wellington Management Group LLP now owns 19,343,396 shares of the financial services provider’s stock worth $1,087,679,000 after buying an additional 2,616,549 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in AerCap by 3.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,717,486 shares of the financial services provider’s stock worth $490,184,000 after acquiring an additional 255,513 shares during the last quarter. BlackRock Inc. increased its holdings in AerCap by 22.9% during the 1st quarter. BlackRock Inc. now owns 7,991,910 shares of the financial services provider’s stock valued at $449,385,000 after purchasing an additional 1,487,363 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in AerCap by 9.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,070,515 shares of the financial services provider’s stock valued at $125,707,000 after purchasing an additional 257,011 shares during the last quarter. Finally, State Street Corp boosted its stake in AerCap by 11.2% in the first quarter. State Street Corp now owns 2,807,501 shares of the financial services provider’s stock worth $157,866,000 after purchasing an additional 283,101 shares in the last quarter. Institutional investors own 92.00% of the company’s stock.

AerCap Stock Performance

Shares of AER stock opened at $63.61 on Tuesday. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.28 and a current ratio of 0.28. AerCap Holdings has a 52 week low of $39.73 and a 52 week high of $69.50. The company’s 50 day moving average price is $62.91 and its two-hundred day moving average price is $59.37. The company has a market capitalization of $14.73 billion, a P/E ratio of 8.19, a price-to-earnings-growth ratio of 1.25 and a beta of 1.99.

AerCap (NYSE:AER) last posted its quarterly earnings data on Monday, July 31st. The financial services provider reported $2.56 EPS for the quarter, beating the consensus estimate of $2.12 by $0.44. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.83 billion. AerCap had a net margin of 25.33% and a return on equity of 14.57%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.91 EPS. On average, analysts expect that AerCap Holdings will post 9.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. TD Cowen raised their price objective on shares of AerCap from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, August 1st. Susquehanna lifted their price objective on AerCap from $70.00 to $80.00 and gave the stock a “positive” rating in a research report on Tuesday, August 1st. JPMorgan Chase & Co. boosted their price target on shares of AerCap from $74.00 to $77.00 in a research note on Thursday, June 8th. StockNews.com initiated coverage on AerCap in a research report on Thursday, August 17th. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group upped their price objective on AerCap from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, August 1st. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $80.33.

About AerCap

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.