Bristol John W & Co. Inc. NY Invests $360,000 in AerCap Holdings (AER)

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Bristol John W & Co. Inc. NY purchased a new stake in AerCap Holdings (NYSE:AER) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,100 shares of the financial services provider’s stock, valued at approximately $360,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. OMERS ADMINISTRATION Corp boosted its position in AerCap by 29.5% during the first quarter. OMERS ADMINISTRATION Corp now owns 170,650 shares of the financial services provider’s stock worth $8,655,000 after purchasing an additional 38,900 shares during the period. Russell Investments Group Ltd. boosted its position in AerCap by 42.6% during the first quarter. Russell Investments Group Ltd. now owns 601,335 shares of the financial services provider’s stock worth $30,492,000 after purchasing an additional 179,563 shares during the period. BNP Paribas Arbitrage SA boosted its position in AerCap by 6.9% during the first quarter. BNP Paribas Arbitrage SA now owns 117,867 shares of the financial services provider’s stock worth $5,978,000 after purchasing an additional 7,611 shares during the period. PNC Financial Services Group Inc. boosted its position in AerCap by 119.1% during the first quarter. PNC Financial Services Group Inc. now owns 122,513 shares of the financial services provider’s stock worth $6,215,000 after purchasing an additional 66,600 shares during the period. Finally, Heritage Investors Management Corp boosted its position in AerCap by 3.6% during the first quarter. Heritage Investors Management Corp now owns 88,995 shares of the financial services provider’s stock worth $4,514,000 after purchasing an additional 3,085 shares during the period. 83.57% of the stock is owned by institutional investors and hedge funds.

AerCap stock traded up $0.11 during mid-day trading on Friday, hitting $54.35. 37,362 shares of the company were exchanged, compared to its average volume of 864,088. The company has a debt-to-equity ratio of 3.34, a current ratio of 0.60 and a quick ratio of 0.60. AerCap Holdings has a 1-year low of $44.69 and a 1-year high of $56.26. The firm has a market capitalization of $8.62 billion, a P/E ratio of 8.61, a P/E/G ratio of 0.71 and a beta of 1.80.

AerCap (NYSE:AER) last released its quarterly earnings data on Thursday, May 3rd. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.18. AerCap had a return on equity of 12.54% and a net margin of 21.52%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the company posted $1.48 earnings per share. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. equities research analysts predict that AerCap Holdings will post 6.42 EPS for the current fiscal year.

A number of brokerages have issued reports on AER. ValuEngine cut AerCap from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research cut AerCap from a “buy” rating to a “hold” rating in a research report on Friday, May 25th. Cowen reaffirmed an “outperform” rating and set a $60.00 target price (up previously from $58.00) on shares of AerCap in a research report on Friday, May 4th. Macquarie began coverage on AerCap in a research report on Tuesday, March 13th. They set an “outperform” rating for the company. Finally, Morgan Stanley upped their target price on AerCap from $49.00 to $52.00 and gave the stock an “underweight” rating in a research report on Thursday, April 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. AerCap currently has a consensus rating of “Buy” and a consensus price target of $60.90.

About AerCap

AerCap Holdings N.V., an aircraft leasing company, 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 provides 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.

Institutional Ownership by Quarter for AerCap (NYSE:AER)

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