New York State Common Retirement Fund Lowers Stock Position in AerCap Holdings (NYSE:AER)

New York State Common Retirement Fund trimmed its holdings in shares of AerCap Holdings (NYSE:AER) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 620,814 shares of the financial services provider’s stock after selling 16,588 shares during the quarter. New York State Common Retirement Fund owned approximately 0.30% of AerCap worth $46,139,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. California Public Employees Retirement System lifted its stake in shares of AerCap by 22.2% during the 4th quarter. California Public Employees Retirement System now owns 358,689 shares of the financial services provider’s stock worth $26,658,000 after purchasing an additional 65,082 shares during the last quarter. OLD National Bancorp IN bought a new stake in shares of AerCap in the 4th quarter valued at about $202,000. Handelsbanken Fonder AB grew its position in shares of AerCap by 20.4% in the 4th quarter. Handelsbanken Fonder AB now owns 75,100 shares of the financial services provider’s stock worth $5,581,000 after buying an additional 12,715 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of AerCap by 2,787.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 415,254 shares of the financial services provider’s stock worth $30,862,000 after acquiring an additional 400,872 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in AerCap by 3.3% in the fourth quarter. Signaturefd LLC now owns 4,338 shares of the financial services provider’s stock valued at $322,000 after acquiring an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Analyst Upgrades and Downgrades

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

AerCap Trading Down 1.2 %

NYSE AER opened at $85.11 on Thursday. AerCap Holdings has a 1 year low of $53.42 and a 1 year high of $88.44. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $16.85 billion, a PE ratio of 6.02, a P/E/G ratio of 2.69 and a beta of 1.85. The company has a fifty day moving average of $82.67 and a 200 day moving average of $74.32.

AerCap (NYSE:AER) last issued its quarterly earnings data on Friday, February 23rd. The financial services provider reported $3.11 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the firm posted $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 earnings per share for the current year.

AerCap Company 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.