AerCap Holdings (NYSE:AER) Position Increased by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its position in shares of AerCap Holdings (NYSE:AER) by 20.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,100 shares of the financial services provider’s stock after buying an additional 12,715 shares during the quarter. Handelsbanken Fonder AB’s holdings in AerCap were worth $5,581,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in AER. Wellington Management Group LLP increased its holdings in shares of AerCap by 9.9% in the 3rd quarter. Wellington Management Group LLP now owns 21,028,200 shares of the financial services provider’s stock valued at $1,317,837,000 after purchasing an additional 1,901,459 shares during the period. 59 North Capital Management LP increased its holdings in AerCap by 123.7% in the third quarter. 59 North Capital Management LP now owns 2,872,302 shares of the financial services provider’s stock worth $180,007,000 after buying an additional 1,588,196 shares during the last quarter. Ninety One UK Ltd increased its holdings in AerCap by 93.0% in the fourth quarter. Ninety One UK Ltd now owns 2,425,602 shares of the financial services provider’s stock worth $180,271,000 after buying an additional 1,168,628 shares during the last quarter. Soros Fund Management LLC increased its holdings in AerCap by 120.8% in the third quarter. Soros Fund Management LLC now owns 1,857,644 shares of the financial services provider’s stock worth $116,419,000 after buying an additional 1,016,395 shares during the last quarter. Finally, Goldentree Asset Management LP increased its holdings in AerCap by 105.6% in the third quarter. Goldentree Asset Management LP now owns 1,846,516 shares of the financial services provider’s stock worth $115,721,000 after buying an additional 948,299 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

AerCap Price Performance

Shares of AER stock opened at $85.18 on Friday. The stock has a 50-day moving average price of $82.84 and a 200 day moving average price of $74.40. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 2.80. The firm has a market cap of $16.86 billion, a price-to-earnings ratio of 6.02, a PEG ratio of 2.74 and a beta of 1.85. AerCap Holdings has a 12 month low of $53.42 and a 12 month high of $88.44.

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AER. TD Cowen restated a “buy” rating and issued a $85.00 price objective on shares of AerCap in a report on Tuesday, February 27th. Susquehanna increased their price objective on AerCap from $80.00 to $90.00 and gave the stock a “positive” rating in a report on Monday, February 26th. BMO Capital Markets dropped their price objective on AerCap from $103.00 to $101.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. Finally, Barclays increased their price objective on AerCap from $84.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, AerCap presently has an average rating of “Buy” and a consensus price target of $87.71.

AerCap Company Profile

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.