Sumitomo Mitsui Asset Management Company LTD Has $315,000 Position in AerCap Holdings (AER)
Sumitomo Mitsui Asset Management Company LTD decreased its position in shares of AerCap Holdings (NYSE:AER) by 3.3% in the first quarter, Holdings Channel reports. The fund owned 6,776 shares of the financial services provider’s stock after selling 233 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in AerCap were worth $315,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of AER. Oregon Public Employees Retirement Fund lifted its position in AerCap by 4,360.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,332,202 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 2,279,910 shares during the last quarter. Norges Bank acquired a new position in AerCap during the 4th quarter valued at approximately $48,438,000. JPMorgan Chase & Co. increased its stake in AerCap by 225.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,297,886 shares of the financial services provider’s stock valued at $74,655,000 after purchasing an additional 899,363 shares in the last quarter. Lancaster Investment Management LLP acquired a new position in AerCap during the 4th quarter valued at approximately $20,616,000. Finally, Wexford Capital LP acquired a new position in AerCap during the 4th quarter valued at approximately $17,738,000. 85.91% of the stock is owned by institutional investors.
AER has been the topic of a number of recent analyst reports. Barclays set a $64.00 price target on shares of AerCap and gave the company a “buy” rating in a research note on Friday, February 15th. Zacks Investment Research lowered shares of AerCap from a “buy” rating to a “hold” rating in a research note on Thursday, February 21st. ValuEngine upgraded shares of AerCap from a “sell” rating to a “hold” rating in a research note on Friday, March 29th. Citigroup upped their price target on shares of AerCap from $53.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Finally, Goldman Sachs Group initiated coverage on shares of AerCap in a research note on Monday, April 8th. They set a “neutral” rating and a $58.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. AerCap presently has an average rating of “Hold” and an average target price of $57.00.
AerCap (NYSE:AER) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.08. AerCap had a net margin of 20.57% and a return on equity of 11.09%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the business posted $1.72 EPS. AerCap’s revenue for the quarter was down 1.1% compared to the same quarter last year. Research analysts forecast that AerCap Holdings will post 6.75 EPS for the current year.
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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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