Arlington Partners LLC purchased a new position in AerCap Holdings (NYSE:AER) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 792 shares of the financial services provider’s stock, valued at approximately $47,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Henry James International Management Inc. raised its position in shares of AerCap by 18.0% in the 1st quarter. Henry James International Management Inc. now owns 143,204 shares of the financial services provider’s stock worth $8,412,000 after purchasing an additional 21,807 shares during the last quarter. KCS Wealth Advisory increased its holdings in AerCap by 7.6% in the 1st quarter. KCS Wealth Advisory now owns 21,160 shares of the financial services provider’s stock worth $1,243,000 after buying an additional 1,494 shares in the last quarter. FDx Advisors Inc. increased its holdings in AerCap by 6.9% in the 1st quarter. FDx Advisors Inc. now owns 7,702 shares of the financial services provider’s stock worth $452,000 after buying an additional 496 shares in the last quarter. Harbour Capital Advisors LLC bought a new stake in AerCap in the 1st quarter worth about $207,000. Finally, RVW Wealth LLC bought a new stake in AerCap in the 1st quarter worth about $1,000,000. 85.69% of the stock is owned by hedge funds and other institutional investors.
AER has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on AerCap from $55.00 to $67.00 and gave the stock a “buy” rating in a report on Thursday, March 11th. Zacks Investment Research upgraded AerCap from a “sell” rating to a “hold” rating in a report on Wednesday, February 10th. Cowen lifted their price objective on AerCap from $54.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, March 12th. Stephens upgraded AerCap from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $58.00 to $88.00 in a research note on Wednesday, March 17th. Finally, Barclays boosted their price target on AerCap from $58.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, March 11th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $60.14.
AerCap (NYSE:AER) last announced its quarterly earnings data on Monday, March 1st. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.72). The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. AerCap had a negative net margin of 0.37% and a positive return on equity of 10.59%. The company’s revenue was down 17.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.34 earnings per share. Research analysts anticipate that AerCap Holdings will post 6.17 EPS for the current fiscal year.
AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial aircraft and engines in Mainland China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.
Further Reading: What does an equal weight rating mean?
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