Ninety One North America Inc. Purchases New Stake in AerCap Holdings (NYSE:AER)

Ninety One North America Inc. purchased a new stake in AerCap Holdings (NYSE:AER) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 29,551 shares of the financial services provider’s stock, valued at approximately $2,196,000.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP bought a new position in AerCap during the first quarter worth about $25,000. Optiver Holding B.V. bought a new position in AerCap during the third quarter worth about $32,000. Tower Research Capital LLC TRC bought a new position in AerCap during the third quarter worth about $41,000. Allworth Financial LP boosted its holdings in AerCap by 2,460.0% during the third quarter. Allworth Financial LP now owns 768 shares of the financial services provider’s stock worth $48,000 after buying an additional 738 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in AerCap during the third quarter worth about $63,000. Institutional investors own 96.42% of the company’s stock.

AerCap Stock Up 0.7 %

Shares of NYSE:AER traded up $0.55 during trading on Thursday, hitting $84.14. 720,957 shares of the company were exchanged, compared to its average volume of 1,565,616. The stock has a market cap of $16.65 billion, a price-to-earnings ratio of 6.02, a P/E/G ratio of 2.63 and a beta of 1.85. AerCap Holdings has a fifty-two week low of $53.42 and a fifty-two week high of $88.44. The firm has a fifty day moving average price of $82.11 and a two-hundred day moving average price of $73.51. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 2.80.

AerCap (NYSE:AER) last posted its quarterly 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. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. AerCap had a return on equity of 14.92% and a net margin of 41.37%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.66 EPS. As a group, research analysts anticipate that AerCap Holdings will post 9.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AER has been the topic of several recent analyst reports. Barclays lifted their price objective on AerCap from $84.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, February 26th. Susquehanna lifted their target price on AerCap from $80.00 to $90.00 and gave the company a “positive” rating in a research report on Monday, February 26th. TD Cowen reissued a “buy” rating and issued a $85.00 target price on shares of AerCap in a research report on Tuesday, February 27th. Finally, BMO Capital Markets dropped their target price on AerCap from $103.00 to $101.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $87.71.

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.