AerCap Holdings (NYSE:AER) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its stake in AerCap Holdings (NYSE:AERGet Rating) by 22.4% during the 2nd quarter, Holdings Channel reports. The firm owned 5,914 shares of the financial services provider’s stock after selling 1,704 shares during the quarter. Advisors Asset Management Inc.’s holdings in AerCap were worth $242,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Metis Global Partners LLC acquired a new stake in shares of AerCap in the second quarter valued at about $236,000. Prospera Financial Services Inc grew its position in shares of AerCap by 8.5% in the second quarter. Prospera Financial Services Inc now owns 3,203 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 250 shares during the period. M&T Bank Corp grew its position in shares of AerCap by 24.4% in the second quarter. M&T Bank Corp now owns 14,474 shares of the financial services provider’s stock valued at $576,000 after purchasing an additional 2,835 shares during the period. Pekin Hardy Strauss Inc. lifted its stake in shares of AerCap by 10.2% in the second quarter. Pekin Hardy Strauss Inc. now owns 187,609 shares of the financial services provider’s stock worth $7,681,000 after buying an additional 17,325 shares in the last quarter. Finally, abrdn plc lifted its stake in shares of AerCap by 5.1% in the second quarter. abrdn plc now owns 16,847 shares of the financial services provider’s stock worth $680,000 after buying an additional 821 shares in the last quarter. Institutional investors and hedge funds own 98.30% of the company’s stock.

AerCap Price Performance

Shares of AER stock opened at $59.34 on Monday. The company has a debt-to-equity ratio of 3.03, a current ratio of 0.28 and a quick ratio of 0.28. The firm’s 50-day moving average is $49.85 and its two-hundred day moving average is $46.27. AerCap Holdings has a 12 month low of $37.20 and a 12 month high of $69.36. The company has a market capitalization of $14.56 billion, a PE ratio of -12.65, a price-to-earnings-growth ratio of 0.88 and a beta of 2.01.

AerCap (NYSE:AERGet Rating) last issued its earnings results on Thursday, November 3rd. The financial services provider reported $2.21 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the firm earned $4.04 earnings per share. AerCap’s quarterly revenue was up 18.6% compared to the same quarter last year. Analysts predict that AerCap Holdings will post 8.28 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AER shares. Credit Suisse Group raised their price target on shares of AerCap from $70.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, August 12th. StockNews.com started coverage on shares of AerCap in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Barclays raised their price target on shares of AerCap from $58.00 to $66.00 and gave the stock an “overweight” rating in a research note on Friday, November 4th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.00.

About AerCap

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AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.

Further Reading

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Institutional Ownership by Quarter for AerCap (NYSE:AER)

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