Raymond James Financial Services Advisors Inc. decreased its position in shares of AerCap Holdings (NYSE:AER) by 72.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,046 shares of the financial services provider’s stock after selling 15,560 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in AerCap were worth $239,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in AER. KCS Wealth Advisory raised its position in AerCap by 4.0% in the fourth quarter. KCS Wealth Advisory now owns 12,338 shares of the financial services provider’s stock worth $489,000 after acquiring an additional 469 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in AerCap by 56.4% during the 4th quarter. Advisors Asset Management Inc. now owns 1,645 shares of the financial services provider’s stock worth $65,000 after buying an additional 593 shares during the period. Raymond James Trust N.A. raised its holdings in AerCap by 14.6% during the 4th quarter. Raymond James Trust N.A. now owns 5,112 shares of the financial services provider’s stock worth $202,000 after buying an additional 652 shares during the period. LPL Financial LLC raised its holdings in AerCap by 8.5% during the 4th quarter. LPL Financial LLC now owns 9,270 shares of the financial services provider’s stock worth $367,000 after buying an additional 723 shares during the period. Finally, FDx Advisors Inc. raised its holdings in AerCap by 4.4% during the 4th quarter. FDx Advisors Inc. now owns 17,917 shares of the financial services provider’s stock worth $710,000 after buying an additional 748 shares during the period. 85.16% of the stock is owned by institutional investors.
Several analysts have issued reports on AER shares. Barclays set a $64.00 price objective on AerCap and gave the stock a “buy” rating in a report on Friday, February 15th. Zacks Investment Research cut AerCap from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. ValuEngine cut AerCap from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. Goldman Sachs Group assumed coverage on AerCap in a research note on Monday, April 8th. They set a “neutral” rating and a $58.00 target price on the stock. Finally, Citigroup lifted their target price on AerCap from $53.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. AerCap has an average rating of “Hold” and a consensus price target of $59.13.
AerCap (NYSE:AER) last announced its quarterly earnings results on Thursday, February 14th. The financial services provider reported $1.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.67 by ($0.05). The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. AerCap had a net margin of 21.16% and a return on equity of 11.55%. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.67 EPS. On average, analysts predict that AerCap Holdings will post 6.59 EPS for the current year.
AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in China, the United States, Ireland, and internationally. The company offers aircraft asset management services, including 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.
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