California Public Employees Retirement System Cuts AerCap Holdings Holdings (NYSE: AER)
California Public Employees Retirement System reduced its holdings of AerCap Holdings (NYSE:AER – Get Rating) stock by 5.3% in Q1, according to the company in its latest 13F filing with the Securities and Exchange Commission. The fund held 272,972 shares of the financial services provider after selling 15,344 shares during the quarter. California Public Employees Retirement System held 0.11% of AerCap worth $13,725,000 when it last filed with the SEC.
Several other institutional investors and hedge funds have also recently changed their positions in the company. Sumitomo Mitsui Trust Holdings Inc. acquired a new equity stake in AerCap during Q1 valued at approximately $17,545,000. Centiva Capital LP acquired a new equity stake in AerCap during Q4 valued at approximately $750,000. Brinker Capital Investments LLC increased its position in AerCap shares by 517.4% during the 4th quarter. Brinker Capital Investments LLC now owns 34,451 shares of the financial services provider valued at $2,254,000 after acquiring an additional 28,871 shares last quarter. Vestmark Advisory Solutions Inc. increased its position in AerCap shares by 43.6% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 6,721 shares of the financial services provider valued at $338,000 after acquiring 2,041 additional shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in AerCap shares by 0.7% during the 4th quarter. Victory Capital Management Inc. now owns 501,465 shares of the financial services provider valued at $32,806,000 after acquiring an additional 3,670 shares last quarter. 96.32% of the shares are currently held by hedge funds and other institutional investors.
Wall Street analysts predict growth
The ARE has been the subject of several analyst reports. Barclays lowered its price target on AerCap from $72.00 to $58.00 and set an “overweight” rating on the stock in a Wednesday July 13 research report. Susquehanna lowered its target price on AerCap from $75.00 to $70.00 in a Wednesday, May 18 research report. Stephens lowered his target price on AerCap to $68.00 and set an “overweight” rating on the stock in a Wednesday, May 18 research report. StockNews.com upgraded AerCap from a “sell” rating to a “hold” rating in a Monday, July 11 research report. Finally, Susquehanna Bancshares lowered its target price on AerCap from $75.00 to $70.00 in a Wednesday, May 18 research report. One analyst rated the stock with a hold rating and seven gave the company a buy rating. Based on MarketBeat data, AerCap currently has an average rating of “Moderate Buy” and an average target price of $68.50.
AerCap is trading down 0.1%
NYSE: AER opened at $44.57 on Friday. The stock has a fifty-day simple moving average of $42.87 and a 200-day simple moving average of $50.17. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt ratio of 3.32. AerCap Holdings has a 1-year low of $37.20 and a 1-year high of $71.38.
AerCap (NYSE:AER – Get Rating) last released quarterly earnings data on Tuesday, May 17. The financial services provider reported earnings per share of $2.23 for the quarter, beating analyst consensus estimates of $1.39 by $0.84. The company posted revenue of $1.79 billion for the quarter, versus a consensus estimate of $1.97 billion. AerCap recorded a positive return on equity of 12.47% and a negative net margin of 20.75%. The company’s revenue increased by 63.5% compared to the same quarter last year. During the same period last year, the company achieved EPS of $1.93. Stock analysts predict that AerCap Holdings will post earnings per share of 6.76 for the current fiscal year.
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AerCap Holdings NV is engaged in leasing, financing, selling and managing commercial flight equipment in China, Hong Kong, Macao, USA, Ireland and internationally. The Company offers aviation asset management services, such as aircraft and engine remarketing; collect rental and maintenance rents, oversee aircraft maintenance, monitor and enforce compliance with contracts, and accept delivery and return of aircraft and engines; and conducting ongoing reviews of tenant financial performance.
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