New York State Common Retirement Fund Trims Stock Position in Aercap Holdings N.V. $AER

New York State Common Retirement Fund decreased its position in shares of Aercap Holdings N.V. (NYSE:AER) by 17.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 111,482 shares of the financial services provider’s stock after selling 22,865 shares during the quarter. New York State Common Retirement Fund’s holdings in Aercap were worth $13,489,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. AustralianSuper Pty Ltd lifted its holdings in shares of Aercap by 185.0% in the 3rd quarter. AustralianSuper Pty Ltd now owns 636,906 shares of the financial services provider’s stock valued at $77,066,000 after purchasing an additional 413,428 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Aercap by 1.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,518 shares of the financial services provider’s stock valued at $2,483,000 after buying an additional 240 shares during the last quarter. Bensler LLC boosted its holdings in shares of Aercap by 4.0% in the third quarter. Bensler LLC now owns 40,846 shares of the financial services provider’s stock valued at $4,942,000 after acquiring an additional 1,579 shares during the period. Sage Rhino Capital LLC grew its position in shares of Aercap by 8.2% during the third quarter. Sage Rhino Capital LLC now owns 5,180 shares of the financial services provider’s stock worth $627,000 after acquiring an additional 391 shares during the last quarter. Finally, ARGA Investment Management LP increased its holdings in shares of Aercap by 210.8% in the 3rd quarter. ARGA Investment Management LP now owns 31,140 shares of the financial services provider’s stock valued at $3,768,000 after acquiring an additional 21,120 shares during the period. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AER. TD Cowen reiterated a “buy” rating on shares of Aercap in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Aercap in a report on Wednesday, January 21st. Bank of America raised their price target on Aercap from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Morgan Stanley boosted their price target on Aercap from $120.00 to $150.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 11th. Finally, Barclays increased their price objective on Aercap from $144.00 to $162.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 6th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Aercap presently has an average rating of “Moderate Buy” and a consensus target price of $148.86.

Aercap Stock Performance

NYSE AER opened at $145.23 on Tuesday. The stock has a market capitalization of $27.13 billion, a price-to-earnings ratio of 6.88, a PEG ratio of 0.74 and a beta of 1.05. The business’s 50 day moving average is $142.11 and its two-hundred day moving average is $128.79. Aercap Holdings N.V. has a 12-month low of $85.57 and a 12-month high of $149.24. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.43.

About Aercap

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.