Victory Capital Management Inc. reduced its stake in shares of AerCap Holdings NV (NYSE:AER) by 41.9% during the second quarter, Holdings Channel reports. The firm owned 37,081 shares of the company’s stock after selling 26,793 shares during the period. Victory Capital Management Inc.’s holdings in AerCap Holdings NV were worth $1,482,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Norges Bank bought a new position in shares of AerCap Holdings NV during the fourth quarter valued at about $63,613,000. Sanders Morris Harris Inc. bought a new position in shares of AerCap Holdings NV during the first quarter valued at about $4,074,000. Telemus Capital LLC bought a new position in shares of AerCap Holdings NV during the first quarter valued at about $382,000. Commonwealth Equity Services Inc bought a new position in shares of AerCap Holdings NV during the first quarter valued at about $302,000. Finally, Aperio Group LLC boosted its position in shares of AerCap Holdings NV by 53.4% in the first quarter. Aperio Group LLC now owns 70,041 shares of the company’s stock valued at $2,715,000 after buying an additional 24,377 shares during the period. Hedge funds and other institutional investors own 88.83% of the company’s stock.

AerCap Holdings NV (NYSE:AER) traded down 1.76% during midday trading on Tuesday, reaching $37.96. The company had a trading volume of 1,005,322 shares. The company has a market capitalization of $7.01 billion, a P/E ratio of 7.35 and a beta of 1.69. The company’s 50 day moving average is $38.82 and its 200-day moving average is $38.05. AerCap Holdings NV has a 52-week low of $24.61 and a 52-week high of $46.32.

AerCap Holdings NV (NYSE:AER) last issued its earnings results on Tuesday, August 9th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.48 by $0.05. AerCap Holdings NV had a net margin of 19.44% and a return on equity of 14.40%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the company posted $1.73 earnings per share. AerCap Holdings NV’s revenue was down 7.3% on a year-over-year basis. Equities analysts expect that AerCap Holdings NV will post $5.86 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on AER shares. FBR & Co restated a “neutral” rating on shares of AerCap Holdings NV in a research report on Thursday, June 2nd. Zacks Investment Research upgraded AerCap Holdings NV from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Tuesday, July 26th. Royal Bank Of Canada boosted their target price on AerCap Holdings NV from $72.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, August 11th. RBC Capital Markets reiterated an “outperform” rating and set a $74.00 target price (up previously from $72.00) on shares of AerCap Holdings NV in a research report on Friday, August 12th. Finally, DA Davidson reiterated a “buy” rating on shares of AerCap Holdings NV in a research report on Monday, August 15th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $54.14.

About AerCap Holdings NV

AerCap Holdings N.V. is an independent aircraft leasing company. The Company focuses on acquiring in-demand aircraft, funding them, hedging interest rate risk and using its platform to deploy these assets. The Company operates its business on a global basis, leasing aircraft to customers in various geographical region.

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