Renaissance Technologies LLC acquired a new position in AerCap Holdings (NYSE:AER) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 18,400 shares of the financial services provider’s stock, valued at approximately $957,000.
Several other institutional investors and hedge funds have also made changes to their positions in AER. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of AerCap during the 2nd quarter valued at about $51,000. SRS Capital Advisors Inc. purchased a new stake in AerCap in the 2nd quarter worth approximately $59,000. Cerebellum GP LLC purchased a new stake in AerCap in the 2nd quarter worth approximately $107,000. Rockefeller Capital Management L.P. purchased a new stake in AerCap in the 1st quarter worth approximately $109,000. Finally, Marshall Wace North America L.P. purchased a new stake in AerCap in the 1st quarter worth approximately $112,000. Hedge funds and other institutional investors own 85.42% of the company’s stock.
A number of equities research analysts have issued reports on AER shares. Compass Point increased their price objective on shares of AerCap from $69.00 to $73.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Citigroup set a $61.00 target price on AerCap and gave the company a “hold” rating in a research report on Wednesday, July 31st. Cowen raised their price target on AerCap from $56.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. Finally, Zacks Investment Research downgraded AerCap from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $60.43.
AerCap stock opened at $57.88 on Friday. AerCap Holdings has a 52 week low of $36.16 and a 52 week high of $59.16. The company has a market capitalization of $8.00 billion, a price-to-earnings ratio of 8.47 and a beta of 1.81. The stock has a 50-day moving average price of $55.54 and a 200 day moving average price of $51.76. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 3.20.
AerCap (NYSE:AER) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $2.42 EPS for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.70. AerCap had a return on equity of 11.85% and a net margin of 21.79%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the previous year, the business earned $1.70 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. Research analysts anticipate that AerCap Holdings will post 7.8 EPS for the current fiscal 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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