AerCap Holdings (NYSE:AER) Shares Bought by Truist Financial Corp

Truist Financial Corp raised its stake in shares of AerCap Holdings (NYSE:AER) by 5.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,670 shares of the financial services provider’s stock after purchasing an additional 2,201 shares during the quarter. Truist Financial Corp’s holdings in AerCap were worth $4,275,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AER. Toth Financial Advisory Corp purchased a new position in AerCap in the 4th quarter worth $29,000. Truvestments Capital LLC purchased a new stake in AerCap during the 3rd quarter valued at about $35,000. Fortitude Family Office LLC acquired a new position in shares of AerCap in the fourth quarter valued at about $38,000. Transamerica Financial Advisors Inc. purchased a new position in shares of AerCap in the third quarter worth about $64,000. Finally, Quantbot Technologies LP acquired a new stake in shares of AerCap during the third quarter worth about $66,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.

AerCap Stock Performance

Shares of NYSE AER opened at $101.67 on Monday. The company has a market capitalization of $20.12 billion, a PE ratio of 8.06, a price-to-earnings-growth ratio of 2.31 and a beta of 1.81. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The company’s fifty day moving average price is $96.59 and its 200 day moving average price is $95.76. AerCap Holdings has a 1 year low of $75.96 and a 1 year high of $107.36.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group reiterated a “buy” rating and issued a $119.00 price target on shares of AerCap in a report on Thursday, November 21st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $112.00.

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.