Lazard Asset Management LLC purchased a new stake in AerCap Holdings (NYSE:AER – Get Rating) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,924 shares of the financial services provider’s stock, valued at approximately $159,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. grew its stake in AerCap by 90.7% during the first quarter. BlackRock Inc. now owns 5,767,535 shares of the financial services provider’s stock valued at $289,992,000 after acquiring an additional 2,743,035 shares in the last quarter. Border to Coast Pensions Partnership Ltd bought a new stake in AerCap during the 1st quarter valued at $73,121,000. Cooke & Bieler LP raised its holdings in AerCap by 26.8% during the 2nd quarter. Cooke & Bieler LP now owns 6,102,854 shares of the financial services provider’s stock valued at $249,851,000 after buying an additional 1,290,882 shares during the last quarter. State Street Corp raised its holdings in AerCap by 112.8% in the 1st quarter. State Street Corp now owns 2,155,846 shares of the financial services provider’s stock worth $108,396,000 after purchasing an additional 1,142,547 shares in the last quarter. Finally, Pendal Group Ltd raised its holdings in AerCap by 93.0% in the 2nd quarter. Pendal Group Ltd now owns 2,084,550 shares of the financial services provider’s stock worth $85,341,000 after purchasing an additional 1,004,202 shares in the last quarter. Institutional investors own 98.30% of the company’s stock.
AerCap Stock Performance
Shares of NYSE AER opened at $59.05 on Tuesday. The firm’s 50-day moving average price is $50.06 and its 200-day moving average price is $46.35. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 3.03. The company has a market cap of $14.49 billion, a PE ratio of -12.59, a PEG ratio of 0.88 and a beta of 2.01. AerCap Holdings has a 52-week low of $37.20 and a 52-week high of $69.36.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on AER shares. StockNews.com started coverage on shares of AerCap in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Barclays upped their target price on shares of AerCap from $58.00 to $66.00 and gave the stock an “overweight” rating in a research report on Friday, November 4th. Finally, Credit Suisse Group upped their target price on shares of AerCap from $70.00 to $74.00 and gave the stock an “outperform” rating in a research report on Friday, August 12th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, AerCap has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.
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.
- Get a free copy of the StockNews.com research report on AerCap (AER)
- Three Ways To Win The Online Gambling Industry
- Santa Claus Rally? Here’s What Needs to Happen
- Will the Return of Bob Iger Return the Magic to Disney Stock?
- Is Ardelyx is A Buy After Slip in Early 2022
- Is Tesla A Bargain Now As It Trades At Two-Year Lows?
Receive News & Ratings for AerCap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AerCap and related companies with MarketBeat.com's FREE daily email newsletter.