Eagle Asset Management Inc. Lowers Stake in AerCap Holdings (AER)

Eagle Asset Management Inc. reduced its stake in shares of AerCap Holdings (NYSE:AER) by 8.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 111,815 shares of the financial services provider’s stock after selling 9,683 shares during the quarter. Eagle Asset Management Inc.’s holdings in AerCap were worth $5,203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Bridges Investment Management Inc. increased its holdings in AerCap by 2.7% in the first quarter. Bridges Investment Management Inc. now owns 18,730 shares of the financial services provider’s stock valued at $872,000 after buying an additional 500 shares in the last quarter. First Republic Investment Management Inc. increased its holdings in AerCap by 9.5% in the first quarter. First Republic Investment Management Inc. now owns 128,807 shares of the financial services provider’s stock valued at $5,995,000 after buying an additional 11,224 shares in the last quarter. Renaissance Group LLC increased its stake in shares of AerCap by 2.4% during the first quarter. Renaissance Group LLC now owns 330,402 shares of the financial services provider’s stock worth $15,377,000 after purchasing an additional 7,704 shares in the last quarter. Cooper Haims Advisors LLC purchased a new stake in shares of AerCap during the first quarter worth about $228,000. Finally, KCS Wealth Advisory increased its stake in shares of AerCap by 42.9% during the first quarter. KCS Wealth Advisory now owns 17,631 shares of the financial services provider’s stock worth $821,000 after purchasing an additional 5,293 shares in the last quarter. Institutional investors and hedge funds own 85.01% of the company’s stock.

A number of analysts have recently commented on AER shares. Zacks Investment Research raised shares of AerCap from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Monday, January 14th. Barclays set a $64.00 target price on shares of AerCap and gave the stock a “buy” rating in a research note on Friday, February 15th. ValuEngine cut shares of AerCap from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. Goldman Sachs Group started coverage on shares of AerCap in a research note on Monday, April 8th. They set a “neutral” rating and a $58.00 target price for the company. Finally, Citigroup boosted their target price on shares of AerCap from $53.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $57.00.

AER stock opened at $50.81 on Friday. The stock has a market cap of $7.72 billion, a PE ratio of 7.44 and a beta of 1.87. The company has a debt-to-equity ratio of 3.43, a current ratio of 0.64 and a quick ratio of 0.64. AerCap Holdings has a 52 week low of $36.16 and a 52 week high of $58.30.

AerCap (NYSE:AER) last released its earnings results on Wednesday, May 1st. The financial services provider reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.08. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. AerCap had a net margin of 20.57% and a return on equity of 11.09%. The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.72 earnings per share. As a group, equities analysts anticipate that AerCap Holdings will post 6.65 EPS for the current fiscal year.

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AerCap Profile

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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Institutional Ownership by Quarter for AerCap (NYSE:AER)

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