Raymond James & Associates Reduces Holdings in AerCap Holdings (NYSE:AER)

Raymond James & Associates decreased its position in shares of AerCap Holdings (NYSE:AER) by 33.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 19,854 shares of the financial services provider’s stock after selling 10,107 shares during the quarter. Raymond James & Associates’ holdings in AerCap were worth $1,476,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AER. Quarry LP purchased a new position in shares of AerCap in the first quarter worth about $25,000. Optiver Holding B.V. bought a new stake in AerCap during the 3rd quarter valued at $32,000. Tower Research Capital LLC TRC purchased a new stake in shares of AerCap during the third quarter worth $41,000. Allworth Financial LP boosted its holdings in shares of AerCap by 2,460.0% in the third quarter. Allworth Financial LP now owns 768 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 738 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in shares of AerCap in the third quarter valued at $63,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Analyst Upgrades and Downgrades

AER has been the subject of several analyst reports. Susquehanna raised their target price on AerCap from $80.00 to $90.00 and gave the stock a “positive” rating in a research note on Monday, February 26th. Barclays boosted their price objective on shares of AerCap from $84.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, February 26th. TD Cowen reaffirmed a “buy” rating and set a $85.00 target price on shares of AerCap in a report on Tuesday, February 27th. Finally, BMO Capital Markets cut their price target on shares of AerCap from $103.00 to $101.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $87.71.

AerCap Price Performance

AER stock opened at $83.74 on Friday. The firm has a 50 day simple moving average of $82.23 and a two-hundred day simple moving average of $73.58. The stock has a market cap of $16.57 billion, a PE ratio of 5.92, a P/E/G ratio of 2.63 and a beta of 1.85. AerCap Holdings has a one year low of $53.42 and a one year high of $88.44. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.33 and a quick ratio of 0.33.

AerCap (NYSE:AER) last announced its earnings results on Friday, February 23rd. The financial services provider reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.67. AerCap had a net margin of 41.37% and a return on equity of 14.92%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the business earned $2.66 earnings per share. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, analysts predict that AerCap Holdings will post 9.88 EPS for the current fiscal 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.