Russell Investments Group Ltd. Boosts Stake in AerCap Holdings (NYSE:AER)

Russell Investments Group Ltd. increased its stake in shares of AerCap Holdings (NYSE:AER – Get Rating) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,075,278 shares of the financial services provider’s stock after purchasing an additional 40,922 shares during the period. Russell Investments Group Ltd. owned 0.44% of AerCap worth $45,726,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Wipfli Financial Advisors LLC acquired a new position in shares of AerCap during the 3rd quarter worth about $68,000. Bank of Marin raised its position in shares of AerCap by 14.9% during the 2nd quarter. Bank of Marin now owns 21,244 shares of the financial services provider’s stock worth $870,000 after purchasing an additional 2,751 shares during the last quarter. Heritage Investors Management Corp raised its position in shares of AerCap by 0.6% during the 2nd quarter. Heritage Investors Management Corp now owns 125,352 shares of the financial services provider’s stock worth $5,132,000 after purchasing an additional 808 shares during the last quarter. American National Bank acquired a new stake in AerCap in the 3rd quarter valued at about $28,000. Finally, DekaBank Deutsche Girozentrale raised its holdings in AerCap by 72.1% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 40,174 shares of the financial services provider’s stock valued at $1,612,000 after acquiring an additional 16,824 shares during the last quarter. Institutional investors and hedge funds own 98.17% of the company’s stock.

AerCap Stock Performance

NYSE:AER opened at $63.69 on Wednesday. The company has a debt-to-equity ratio of 3.03, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $15.63 billion, a P/E ratio of -13.58, a PEG ratio of 0.78 and a beta of 2.00. The company has a 50 day moving average price of $59.78 and a 200 day moving average price of $51.57. AerCap Holdings has a fifty-two week low of $37.20 and a fifty-two week high of $68.57.

AerCap (NYSE:AER – Get Rating) last issued its quarterly earnings results on Thursday, November 3rd. The financial services provider reported $2.21 EPS for the quarter, beating the consensus estimate of $1.39 by $0.82. AerCap had a negative net margin of 17.08% and a positive return on equity of 11.28%. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the company posted $4.04 EPS. The firm’s revenue was up 18.6% compared to the same quarter last year. Equities research analysts forecast that AerCap Holdings will post 8.29 EPS for the current year.

Analyst Upgrades and Downgrades

AER has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of AerCap from $66.00 to $77.00 in a report on Friday, January 6th. StockNews.com started coverage on shares of AerCap in a research report on Wednesday, October 12th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $70.57.

AerCap Profile

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AerCap Holdings NV engages in the leasing, financing, sales, and management of commercial flight equipment. It also provides aircraft owners, financiers and investors with asset services to manage an aircraft portfolio. The company was founded in 1995 and is headquartered in Dublin, Ireland.