Kovitz Investment Group Partners LLC grew its stake in shares of AerCap Holdings (NYSE:AER – Get Rating) by 53.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 14,084 shares of the financial services provider’s stock after acquiring an additional 4,910 shares during the period. Kovitz Investment Group Partners LLC’s holdings in AerCap were worth $821,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Sequoia Financial Advisors LLC acquired a new stake in shares of AerCap during the 4th quarter valued at $356,000. Essex Savings Bank purchased a new stake in shares of AerCap in the fourth quarter valued at $243,000. Harbour Capital Advisors LLC acquired a new stake in AerCap during the fourth quarter valued at $240,000. Baystate Wealth Management LLC boosted its position in AerCap by 35.6% during the fourth quarter. Baystate Wealth Management LLC now owns 6,100 shares of the financial services provider’s stock valued at $356,000 after purchasing an additional 1,600 shares during the last quarter. Finally, RVW Wealth LLC acquired a new stake in AerCap during the fourth quarter valued at $233,000. Institutional investors and hedge funds own 98.17% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently issued reports on AER shares. StockNews.com began coverage on AerCap in a research report on Thursday, March 16th. They set a “buy” rating for the company. Susquehanna lifted their price objective on AerCap from $70.00 to $75.00 and gave the stock a “positive” rating in a research note on Friday, March 3rd. Finally, Barclays lifted their price objective on AerCap from $66.00 to $77.00 in a research note on Friday, January 6th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $71.29.
AerCap Stock Up 2.9 %
AerCap (NYSE:AER – Get Rating) last announced its earnings results on Thursday, March 2nd. The financial services provider reported $2.66 EPS for the quarter, topping the consensus estimate of $1.97 by $0.69. AerCap had a positive return on equity of 14.18% and a negative net margin of 10.35%. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the business earned $1.04 EPS. AerCap’s revenue was up 26.8% compared to the same quarter last year. As a group, sell-side analysts predict that AerCap Holdings will post 7.56 EPS for the current fiscal year.
AerCap Profile
AerCap Holdings NV engages in the leasing, financing, sales, and management of commercial flight equipment. The company was founded in 1995 and is headquartered in Dublin, Ireland.
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