Truist Financial Corp Increases Position in AerCap Holdings (NYSE:AER)

Truist Financial Corp boosted its holdings in AerCap Holdings (NYSE:AERGet Rating) by 85.3% during the third quarter, Holdings Channel.com reports. The firm owned 25,181 shares of the financial services provider’s stock after acquiring an additional 11,590 shares during the quarter. Truist Financial Corp’s holdings in AerCap were worth $1,065,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AER. Wipfli Financial Advisors LLC purchased a new stake in shares of AerCap during the third quarter valued at approximately $68,000. Bank of Marin grew its holdings in shares of AerCap by 14.9% during the second quarter. Bank of Marin now owns 21,244 shares of the financial services provider’s stock valued at $870,000 after buying an additional 2,751 shares during the last quarter. Heritage Investors Management Corp grew its holdings in shares of AerCap by 0.6% during the second quarter. Heritage Investors Management Corp now owns 125,352 shares of the financial services provider’s stock valued at $5,132,000 after buying an additional 808 shares during the last quarter. American National Bank purchased a new stake in shares of AerCap during the third quarter valued at approximately $28,000. Finally, DekaBank Deutsche Girozentrale lifted its position in AerCap by 72.1% during the second quarter. DekaBank Deutsche Girozentrale now owns 40,174 shares of the financial services provider’s stock valued at $1,612,000 after purchasing an additional 16,824 shares during the period. Hedge funds and other institutional investors own 98.17% of the company’s stock.

AerCap Stock Down 3.1 %

AER opened at $61.67 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 3.03. AerCap Holdings has a 1-year low of $37.20 and a 1-year high of $68.57. The company has a market capitalization of $15.13 billion, a PE ratio of -13.15, a PEG ratio of 0.78 and a beta of 2.00. The firm’s 50 day simple moving average is $59.51 and its two-hundred day simple moving average is $50.90.

AerCap (NYSE:AERGet Rating) last released its quarterly earnings results on Thursday, November 3rd. The financial services provider reported $2.21 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the firm earned $4.04 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. As a group, equities analysts forecast that AerCap Holdings will post 8.21 EPS for the current year.

Analyst Upgrades and Downgrades

AER has been the topic of a number of research analyst reports. StockNews.com initiated coverage on shares of AerCap in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Barclays increased their price objective on shares of AerCap from $66.00 to $77.00 in a research report on Friday, January 6th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, AerCap has a consensus rating of “Moderate Buy” and a consensus price target of $70.57.

About AerCap

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AerCap Holdings NV engages in the leasing, financing, sales, and management of commercial flight equipment. It also provides aircraft owners, financiers and investors with asset services to manage an aircraft portfolio. The company was founded in 1995 and is headquartered in Dublin, Ireland.

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Institutional Ownership by Quarter for AerCap (NYSE:AER)

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