Virtu Financial LLC Makes New Investment in AerCap Holdings (NYSE:AER)

Posted by on Jul 27th, 2023

Virtu Financial LLC acquired a new position in AerCap Holdings (NYSE:AER – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,118 shares of the financial services provider’s stock, valued at approximately $232,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zions Bancorporation N.A. increased its stake in shares of AerCap by 473.7% in the fourth quarter. Zions Bancorporation N.A. now owns 763 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 630 shares in the last quarter. Belpointe Asset Management LLC bought a new position in AerCap during the fourth quarter valued at $45,000. Tower Research Capital LLC TRC bought a new stake in shares of AerCap in the 3rd quarter worth about $41,000. Desjardins Global Asset Management Inc. bought a new stake in shares of AerCap in the 1st quarter worth about $62,000. Finally, TCTC Holdings LLC bought a new stake in shares of AerCap in the 4th quarter worth about $116,000. 94.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AER shares. Citigroup started coverage on shares of AerCap in a report on Monday, May 15th. They set a “buy” rating and a $71.00 price objective for the company. StockNews.com began coverage on shares of AerCap in a research report on Thursday, May 18th. They set a “buy” rating on the stock. JPMorgan Chase & Co. lifted their price objective on shares of AerCap from $74.00 to $77.00 in a research note on Thursday, June 8th. Susquehanna decreased their target price on shares of AerCap from $75.00 to $70.00 in a research note on Wednesday, May 3rd. Finally, TheStreet upgraded shares of AerCap from a “c” rating to a “b-” rating in a research note on Tuesday, May 2nd. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $74.00.

AerCap Trading Up 0.6 %

Shares of AER opened at $64.48 on Thursday. The firm has a 50-day moving average price of $61.27 and a 200 day moving average price of $59.44. AerCap Holdings has a 12-month low of $39.73 and a 12-month high of $67.14. 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 firm has a market capitalization of $15.32 billion, a P/E ratio of 9.15, a P/E/G ratio of 1.11 and a beta of 1.99.

AerCap (NYSE:AER – Get Free Report) last posted its earnings results on Tuesday, May 2nd. The financial services provider reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.34. AerCap had a net margin of 24.08% and a return on equity of 14.03%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the prior year, the company posted $2.23 earnings per share. AerCap’s revenue for the quarter was up 4.2% compared to the same quarter last year. Sell-side analysts forecast that AerCap Holdings will post 8.9 EPS for the current year.

AerCap Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding AER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AerCap Holdings (NYSE:AER – Free Report).

Institutional Ownership by Quarter for AerCap (NYSE:AER)

Receive News & Ratings for AerCap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AerCap and related companies with MarketBeat.com's FREE daily email newsletter.