Assenagon Asset Management S.A. Acquires 38,999 Shares of AerCap Holdings (NYSE:AER)

Assenagon Asset Management S.A. grew its holdings in shares of AerCap Holdings (NYSE:AER) by 14.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 301,596 shares of the financial services provider’s stock after buying an additional 38,999 shares during the period. Assenagon Asset Management S.A. owned approximately 0.14% of AerCap worth $22,415,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of AER. Cerity Partners LLC lifted its stake in shares of AerCap by 0.8% in the second quarter. Cerity Partners LLC now owns 51,377 shares of the financial services provider’s stock valued at $3,263,000 after buying an additional 425 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in AerCap by 7.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 46,663 shares of the financial services provider’s stock valued at $2,924,000 after purchasing an additional 3,200 shares during the last quarter. Glenmede Trust Co. NA increased its holdings in AerCap by 96.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 40,578 shares of the financial services provider’s stock worth $2,543,000 after purchasing an additional 19,926 shares in the last quarter. Pearl River Capital LLC purchased a new stake in shares of AerCap in the third quarter worth approximately $498,000. Finally, SG Americas Securities LLC lifted its holdings in shares of AerCap by 7.5% in the fourth quarter. SG Americas Securities LLC now owns 171,650 shares of the financial services provider’s stock valued at $12,757,000 after purchasing an additional 11,952 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

AerCap Price Performance

AerCap stock opened at $87.59 on Thursday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 2.80. The company has a market cap of $17.34 billion, a price-to-earnings ratio of 6.19, a PEG ratio of 1.19 and a beta of 1.84. AerCap Holdings has a 12 month low of $51.16 and a 12 month high of $87.90. The business’s 50 day simple moving average is $79.58 and its 200 day simple moving average is $71.12.

AerCap (NYSE:AER) last issued its earnings results on Friday, February 23rd. The financial services provider reported $3.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.67. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. AerCap had a net margin of 41.37% and a return on equity of 14.92%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business earned $2.66 earnings per share. Sell-side analysts forecast that AerCap Holdings will post 10.04 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AER. TD Cowen reiterated a “buy” rating and set a $85.00 price target on shares of AerCap in a report on Tuesday, February 27th. Susquehanna raised their price target on shares of AerCap from $80.00 to $90.00 and gave the company a “positive” rating in a research report on Monday, February 26th. BMO Capital Markets reduced their price objective on shares of AerCap from $103.00 to $101.00 and set an “outperform” rating for the company in a research report on Monday, February 26th. Finally, Barclays increased their price objective on shares of AerCap from $84.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, February 26th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $87.71.

AerCap Profile

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.