AerCap Holdings (NYSE:AER) Shares Sold by Todd Asset Management LLC

Todd Asset Management LLC lowered its stake in AerCap Holdings (NYSE:AER) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 477,346 shares of the financial services provider’s stock after selling 13,205 shares during the quarter. Todd Asset Management LLC’s holdings in AerCap were worth $35,476,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AER. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in AerCap by 10.3% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 43,658 shares of the financial services provider’s stock worth $2,736,000 after buying an additional 4,082 shares during the last quarter. Cigna Investments Inc. New purchased a new position in AerCap during the third quarter valued at approximately $210,000. Robeco Institutional Asset Management B.V. increased its stake in AerCap by 1.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 73,772 shares of the financial services provider’s stock valued at $4,623,000 after buying an additional 1,095 shares during the period. Raymond James & Associates lifted its position in AerCap by 68.2% in the 3rd quarter. Raymond James & Associates now owns 29,961 shares of the financial services provider’s stock worth $1,878,000 after buying an additional 12,144 shares in the last quarter. Finally, Independent Advisor Alliance acquired a new stake in shares of AerCap during the 3rd quarter valued at $252,000. 96.42% of the stock is currently owned by institutional investors.

AerCap Price Performance

Shares of AerCap stock traded up $0.78 during midday trading on Friday, hitting $87.60. 1,137,735 shares of the company were exchanged, compared to its average volume of 1,540,155. The firm has a 50 day simple moving average of $83.94 and a 200-day simple moving average of $75.64. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.26 and a quick ratio of 0.33. The firm has a market cap of $17.34 billion, a P/E ratio of 5.70, a PEG ratio of 2.99 and a beta of 1.84. AerCap Holdings has a 52 week low of $53.42 and a 52 week high of $88.54.

AerCap (NYSE:AER) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $3.29 EPS for the quarter, beating the consensus estimate of $2.31 by $0.98. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.95 billion. AerCap had a net margin of 42.78% and a return on equity of 15.29%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.34 EPS. Research analysts forecast that AerCap Holdings will post 9.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets cut their price target on AerCap from $103.00 to $101.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Susquehanna upped their target price on shares of AerCap from $90.00 to $100.00 and gave the company a “positive” rating in a research note on Thursday. Barclays lifted their target price on AerCap from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, TD Cowen upped their price target on AerCap from $95.00 to $100.00 and gave the company a “buy” rating in a report on Thursday. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AerCap has an average rating of “Buy” and an average price target of $91.43.

AerCap Company Profile

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.