Russell Investments Group Ltd. boosted its holdings in shares of AerCap Holdings (NYSE:AER) by 48.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 923,393 shares of the financial services provider’s stock after acquiring an additional 300,656 shares during the period. Russell Investments Group Ltd. owned about 0.62% of AerCap worth $53,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC bought a new position in AerCap during the 2nd quarter worth about $167,000. We Are One Seven LLC bought a new position in AerCap during the 3rd quarter worth about $222,000. Daiwa SB Investments Ltd. bought a new position in AerCap during the 3rd quarter worth about $225,000. Commonwealth Equity Services LLC bought a new position in AerCap during the 2nd quarter worth about $224,000. Finally, Truvestments Capital LLC bought a new position in AerCap during the 2nd quarter worth about $265,000. Institutional investors own 85.98% of the company’s stock.
Several brokerages have issued reports on AER. Zacks Investment Research cut shares of AerCap from a “buy” rating to a “hold” rating in a report on Friday, October 5th. Morgan Stanley increased their target price on shares of AerCap from $53.00 to $54.00 and gave the stock an “underweight” rating in a report on Monday, August 6th. Barclays dropped their target price on shares of AerCap from $71.00 to $69.00 and set an “overweight” rating on the stock in a report on Tuesday, July 31st. Finally, Stephens cut shares of AerCap from an “overweight” rating to an “equal weight” rating and set a $64.00 target price on the stock. in a report on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $62.90.
AerCap (NYSE:AER) last released its quarterly earnings results on Monday, July 30th. The financial services provider reported $1.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.23. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. AerCap had a net margin of 21.24% and a return on equity of 12.15%. The company’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 earnings per share. Analysts predict that AerCap Holdings will post 6.66 earnings per share for the current year.
AerCap Company Profile
AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in Mainland China, Hong Kong, Macau, the United States, Ireland, and internationally. The company provides 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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