Sumitomo Mitsui DS Asset Management Company Ltd Increases Position in AerCap Holdings (NYSE:AER)

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of AerCap Holdings (NYSE:AER) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,192 shares of the financial services provider’s stock after acquiring an additional 115 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in AerCap were worth $1,837,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Toth Financial Advisory Corp purchased a new position in shares of AerCap in the 4th quarter worth about $29,000. Truvestments Capital LLC bought a new stake in AerCap in the third quarter worth about $35,000. Fortitude Family Office LLC purchased a new position in AerCap in the fourth quarter valued at about $38,000. UMB Bank n.a. grew its position in shares of AerCap by 35.5% during the 3rd quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 174 shares during the period. Finally, Transamerica Financial Advisors Inc. purchased a new stake in shares of AerCap during the 3rd quarter worth approximately $64,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.

AerCap Price Performance

Shares of NYSE AER opened at $96.79 on Tuesday. 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 stock has a market cap of $19.16 billion, a PE ratio of 7.67, a price-to-earnings-growth ratio of 2.13 and a beta of 1.81. The stock has a fifty day moving average of $95.67 and a 200-day moving average of $95.09.

Wall Street Analysts Forecast Growth

AER has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. 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. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, AerCap currently has an average rating of “Moderate Buy” and a consensus target price of $112.00.

About AerCap

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.