Public Sector Pension Investment Board Reduces Stock Holdings in AerCap Holdings (NYSE:AER)

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Public Sector Pension Investment Board decreased its stake in AerCap Holdings (NYSE:AER) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 62,373 shares of the financial services provider’s stock after selling 3,892 shares during the quarter. Public Sector Pension Investment Board’s holdings in AerCap were worth $3,834,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in AER. Voya Investment Management LLC boosted its holdings in shares of AerCap by 40.8% in the 3rd quarter. Voya Investment Management LLC now owns 19,407 shares of the financial services provider’s stock worth $1,063,000 after purchasing an additional 5,623 shares during the period. Boston Partners boosted its holdings in AerCap by 31.6% during the 3rd quarter. Boston Partners now owns 29,139 shares of the financial services provider’s stock valued at $1,595,000 after acquiring an additional 6,996 shares during the period. Stifel Financial Corp boosted its holdings in AerCap by 55.7% during the 3rd quarter. Stifel Financial Corp now owns 39,952 shares of the financial services provider’s stock valued at $2,179,000 after acquiring an additional 14,285 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in AerCap by 4.4% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 924,398 shares of the financial services provider’s stock valued at $50,611,000 after acquiring an additional 38,708 shares during the period. Finally, Quantum Capital Management purchased a new position in AerCap during the 3rd quarter valued at $168,000. Hedge funds and other institutional investors own 88.53% of the company’s stock.

A number of equities analysts recently issued reports on the company. TheStreet cut AerCap from a “b” rating to a “c+” rating in a report on Thursday, March 12th. ValuEngine lowered AerCap from a “sell” rating to a “strong sell” rating in a research report on Friday, January 3rd. Zacks Investment Research lowered AerCap from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Deutsche Bank decreased their target price on AerCap from $76.00 to $63.00 and set a “buy” rating for the company in a research report on Wednesday, March 11th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $66.25.

Shares of AER traded down $0.64 during trading hours on Thursday, hitting $24.92. The company had a trading volume of 4,694,308 shares, compared to its average volume of 3,917,985. The company has a market capitalization of $2.87 billion, a PE ratio of 2.95 and a beta of 1.72. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 3.14. AerCap Holdings has a one year low of $10.42 and a one year high of $64.86. The company’s fifty day moving average price is $45.91 and its two-hundred day moving average price is $55.51.

AerCap (NYSE:AER) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.89 by $0.45. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. AerCap had a return on equity of 12.50% and a net margin of 23.20%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.62 EPS. Analysts forecast that AerCap Holdings will post 7.61 earnings per share for the current year.

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.

Featured Article: Derivative

Institutional Ownership by Quarter for AerCap (NYSE:AER)

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