Credit Suisse AG increased its position in shares of AerCap Holdings (NYSE:AER – Get Rating) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 254,163 shares of the financial services provider’s stock after acquiring an additional 7,228 shares during the period. Credit Suisse AG owned about 0.10% of AerCap worth $14,823,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of AER. JPMorgan Chase & Co. grew its position in AerCap by 105.4% during the first quarter. JPMorgan Chase & Co. now owns 274,411 shares of the financial services provider’s stock worth $13,797,000 after buying an additional 140,800 shares in the last quarter. Bank of Montreal Can grew its holdings in AerCap by 589.5% during the 1st quarter. Bank of Montreal Can now owns 41,378 shares of the financial services provider’s stock worth $2,129,000 after acquiring an additional 35,377 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in AerCap during the 1st quarter worth $745,000. BlackRock Inc. grew its holdings in AerCap by 90.7% during the 1st quarter. BlackRock Inc. now owns 5,767,535 shares of the financial services provider’s stock worth $289,992,000 after acquiring an additional 2,743,035 shares during the period. Finally, APG Asset Management N.V. acquired a new stake in AerCap during the 1st quarter worth $203,000. 98.17% of the stock is currently owned by hedge funds and other institutional investors.
AerCap Trading Up 0.4 %
NYSE:AER opened at $60.00 on Friday. The company has a 50-day moving average price of $56.52 and a 200-day moving average price of $58.51. AerCap Holdings has a 12 month low of $37.20 and a 12 month high of $66.85. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 2.87. The stock has a market cap of $14.25 billion, a price-to-earnings ratio of 8.51, a P/E/G ratio of 1.09 and a beta of 1.99.
Analysts Set New Price Targets
A number of brokerages recently weighed in on AER. Susquehanna reduced their target price on shares of AerCap from $75.00 to $70.00 in a research note on Wednesday, May 3rd. Citigroup assumed coverage on shares of AerCap in a research note on Monday, May 15th. They issued a “buy” rating and a $71.00 price objective on the stock. The Goldman Sachs Group initiated coverage on shares of AerCap in a research report on Thursday, March 30th. They issued a “buy” rating and a $74.00 target price on the stock. StockNews.com assumed coverage on shares of AerCap in a report on Thursday, May 18th. They issued a “buy” rating on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of AerCap from $74.00 to $77.00 in a research note on Thursday. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $74.00.
AerCap Company 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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