Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in AerCap Holdings (NYSE:AER) by 28.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,384 shares of the financial services provider’s stock after selling 5,400 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in AerCap were worth $770,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Northern Trust Corp lifted its stake in AerCap by 3.1% during the 2nd quarter. Northern Trust Corp now owns 1,594,650 shares of the financial services provider’s stock valued at $86,350,000 after acquiring an additional 48,654 shares in the last quarter. Nicola Wealth Management LTD. lifted its stake in AerCap by 119.4% during the 2nd quarter. Nicola Wealth Management LTD. now owns 75,700 shares of the financial services provider’s stock valued at $4,119,000 after acquiring an additional 41,200 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in AerCap by 14.5% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 24,215 shares of the financial services provider’s stock valued at $1,311,000 after acquiring an additional 3,068 shares in the last quarter. Schroder Investment Management Group lifted its stake in AerCap by 64.4% during the 2nd quarter. Schroder Investment Management Group now owns 390,128 shares of the financial services provider’s stock valued at $21,075,000 after acquiring an additional 152,874 shares in the last quarter. Finally, Comerica Bank lifted its stake in AerCap by 1.4% during the 3rd quarter. Comerica Bank now owns 171,817 shares of the financial services provider’s stock valued at $8,731,000 after acquiring an additional 2,326 shares in the last quarter. Institutional investors own 88.75% of the company’s stock.
Several equities analysts have weighed in on AER shares. Zacks Investment Research cut AerCap from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Morgan Stanley dropped their price objective on AerCap from $54.00 to $49.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. AerCap has an average rating of “Hold” and a consensus target price of $62.00.
AerCap (NYSE:AER) last released its earnings results on Tuesday, October 30th. The financial services provider reported $1.79 EPS for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.24. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.18 billion. AerCap had a return on equity of 12.01% and a net margin of 21.66%. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.62 EPS. As a group, sell-side analysts forecast that AerCap Holdings will post 6.91 earnings per share 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 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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