AerCap Holdings (NYSE:AER) Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC cut its stake in shares of AerCap Holdings (NYSE:AER) by 2.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 14,850 shares of the financial services provider’s stock after selling 400 shares during the period. Highland Capital Management LLC’s holdings in AerCap were worth $1,421,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AER. Toth Financial Advisory Corp acquired a new stake in AerCap in the 4th quarter valued at approximately $29,000. Truvestments Capital LLC purchased a new position in shares of AerCap during the third quarter worth $35,000. Fortitude Family Office LLC acquired a new stake in shares of AerCap in the fourth quarter valued at $38,000. UMB Bank n.a. raised its holdings in shares of AerCap by 35.5% in the 3rd quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock valued at $63,000 after buying an additional 174 shares during the period. Finally, Transamerica Financial Advisors Inc. acquired a new position in AerCap during the 3rd quarter worth about $64,000. 96.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AER has been the topic of a number of recent research reports. The Goldman Sachs Group reiterated a “buy” rating and set a $119.00 price target on shares of AerCap in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft upped their target price on shares of AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, AerCap currently has an average rating of “Moderate Buy” and an average target price of $112.00.

AerCap Stock Down 0.4 %

AER stock opened at $95.46 on Friday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. AerCap Holdings has a fifty-two week low of $75.83 and a fifty-two week high of $100.81. The firm has a market capitalization of $18.90 billion, a price-to-earnings ratio of 7.56, a PEG ratio of 2.07 and a beta of 1.82. The company’s 50 day moving average price is $96.07 and its 200 day moving average price is $95.03.

AerCap (NYSE:AER) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.41. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.92 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The company’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the business earned $2.81 EPS. On average, equities research analysts anticipate that AerCap Holdings will post 11.26 EPS for the current fiscal year.

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.