Verition Fund Management LLC raised its holdings in AerCap Holdings (NYSE:AER – Get Rating) by 56.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,141 shares of the financial services provider’s stock after buying an additional 11,210 shares during the period. Verition Fund Management LLC’s holdings in AerCap were worth $1,566,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of AerCap during the first quarter worth about $17,545,000. Centiva Capital LP acquired a new stake in shares of AerCap during the fourth quarter worth about $750,000. Vestmark Advisory Solutions Inc. increased its position in shares of AerCap by 43.6% during the first quarter. Vestmark Advisory Solutions Inc. now owns 6,721 shares of the financial services provider’s stock worth $338,000 after purchasing an additional 2,041 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of AerCap by 213.2% during the first quarter. Daiwa Securities Group Inc. now owns 81,451 shares of the financial services provider’s stock worth $4,095,000 after purchasing an additional 55,448 shares in the last quarter. Finally, 180 Wealth Advisors LLC purchased a new position in shares of AerCap during the first quarter worth about $222,000. 98.30% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
AER has been the topic of a number of research reports. HSBC lowered their price target on AerCap from $69.50 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, May 25th. StockNews.com raised AerCap from a “sell” rating to a “hold” rating in a report on Monday, July 11th. Barclays lowered their price target on AerCap from $72.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday, July 13th. Finally, Credit Suisse Group raised their price target on AerCap from $70.00 to $74.00 and gave the stock an “outperform” rating in a report on Friday, August 12th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.00.
AerCap Trading Up 1.4 %
AerCap (NYSE:AER – Get Rating) last released its quarterly earnings data on Thursday, August 11th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.46. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.65 billion. AerCap had a positive return on equity of 12.31% and a negative net margin of 17.91%. AerCap’s revenue was up 27.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.39 earnings per share. As a group, sell-side analysts anticipate that AerCap Holdings will post 7.01 earnings per share for the current fiscal 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.
- Get a free copy of the StockNews.com research report on AerCap (AER)
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