Creative Planning lifted its stake in shares of AerCap Holdings (NYSE:AER – Free Report) by 10.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,828 shares of the financial services provider’s stock after purchasing an additional 1,821 shares during the period. Creative Planning’s holdings in AerCap were worth $1,196,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP bought a new stake in shares of AerCap during the 1st quarter worth approximately $25,000. WealthPLAN Partners LLC bought a new stake in shares of AerCap during the 1st quarter worth approximately $30,000. Worth Asset Management LLC acquired a new position in shares of AerCap during the 2nd quarter worth approximately $42,000. Cullen Frost Bankers Inc. acquired a new position in shares of AerCap during the 1st quarter worth approximately $51,000. Finally, Tower Research Capital LLC TRC acquired a new position in shares of AerCap during the 3rd quarter worth approximately $41,000. Institutional investors own 92.00% of the company’s stock.
Wall Street Analysts Forecast Growth
AER has been the topic of a number of recent analyst reports. Citigroup boosted their target price on AerCap from $75.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday. StockNews.com initiated coverage on AerCap in a report on Thursday, October 5th. They set a “buy” rating on the stock. TD Cowen boosted their target price on AerCap from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, August 1st. The Goldman Sachs Group boosted their target price on AerCap from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, August 1st. Finally, Susquehanna upped their price objective on AerCap from $70.00 to $80.00 and gave the company a “positive” rating in a report on Tuesday, August 1st. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $81.67.
AerCap Stock Performance
Shares of NYSE AER opened at $58.98 on Friday. The stock’s fifty day moving average price is $61.70 and its two-hundred day moving average price is $60.08. The firm has a market cap of $13.71 billion, a price-to-earnings ratio of 7.59, a P/E/G ratio of 1.14 and a beta of 1.95. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.28 and a quick ratio of 0.28. AerCap Holdings has a one year low of $48.46 and a one year high of $69.50.
AerCap (NYSE:AER – Get Free Report) last released its earnings results on Monday, July 31st. The financial services provider reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.44. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.83 billion. AerCap had a return on equity of 14.57% and a net margin of 25.33%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.91 EPS. On average, equities analysts forecast that AerCap Holdings will post 9.8 EPS for the current year.
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.
See Also
- Five stocks we like better than AerCap
- Best Stocks Under $5.00
- What BlackRock’s Earnings Tell You About The Stock Market Tide
- How to Invest in Marijuana Stocks
- Sociedad Quimica y Minera de Chile Well Positioned Lithium Stock
- What Are Dividend Challengers?
- SMART Global Holdings Now Positioned for Upside
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).
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.
