LPL Financial LLC Boosts Stake in AerCap Holdings (NYSE:AER)

LPL Financial LLC boosted its holdings in AerCap Holdings (NYSE:AER – Get Rating) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,804 shares of the financial services provider’s stock after acquiring an additional 1,964 shares during the quarter. LPL Financial LLC’s holdings in AerCap were worth $1,505,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Eagle Bay Advisors LLC lifted its position in shares of AerCap by 70.5% during the 4th quarter. Eagle Bay Advisors LLC now owns 2,581 shares of the financial services provider’s stock valued at $151,000 after acquiring an additional 1,067 shares during the period. Hsbc Holdings PLC raised its stake in AerCap by 41.6% in the 3rd quarter. Hsbc Holdings PLC now owns 23,084 shares of the financial services provider’s stock valued at $992,000 after purchasing an additional 6,784 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new position in AerCap in the 4th quarter valued at about $150,000. Harbour Capital Advisors LLC acquired a new stake in shares of AerCap during the 4th quarter worth about $240,000. Finally, Seven Eight Capital LP acquired a new position in shares of AerCap in the third quarter valued at approximately $544,000. Institutional investors and hedge funds own 98.17% of the company’s stock.

AerCap Price Performance

Shares of NYSE AER opened at $57.60 on Friday. The company has a market capitalization of $13.68 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 1.08 and a beta of 1.99. The company has a debt-to-equity ratio of 2.87, a current ratio of 0.28 and a quick ratio of 0.28. AerCap Holdings has a 1-year low of $37.20 and a 1-year high of $66.85. The business has a 50-day moving average of $55.29 and a 200-day moving average of $58.49.

AerCap (NYSE:AER – Get Rating) last posted its earnings results on Tuesday, May 2nd. The financial services provider reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.34. AerCap had a net margin of 24.08% and a return on equity of 14.03%. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the previous year, the company posted $2.23 earnings per share. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts anticipate that AerCap Holdings will post 8.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AER has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on AerCap in a research note on Thursday, March 30th. They set a “buy” rating and a $74.00 price target on the stock. Barclays lifted their price target on AerCap from $77.00 to $78.00 in a report on Wednesday, May 3rd. Susquehanna lowered their target price on shares of AerCap from $75.00 to $70.00 in a report on Wednesday, May 3rd. Citigroup began coverage on shares of AerCap in a report on Monday, May 15th. They issued a “buy” rating and a $71.00 price target on the stock. Finally, StockNews.com initiated coverage on AerCap in a report on Thursday, May 18th. They set a “buy” rating for the company. Six research analysts have rated the stock with a buy rating, According to MarketBeat, AerCap currently has a consensus rating of “Buy” and an average price target of $73.40.

About AerCap

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AerCap Holdings NV engages in the leasing, financing, sales, and management of commercial flight equipment. The company was founded in 1995 and is headquartered in Dublin, Ireland.