Aviva PLC lessened its stake in AerCap Holdings (NYSE:AER) by 5.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,597 shares of the financial services provider’s stock after selling 3,387 shares during the quarter. Aviva PLC’s holdings in AerCap were worth $3,658,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE boosted its holdings in AerCap by 1.1% during the second quarter. US Bancorp DE now owns 80,211 shares of the financial services provider’s stock worth $4,343,000 after purchasing an additional 879 shares during the last quarter. Frontier Investment Mgmt Co. boosted its holdings in AerCap by 1.3% during the second quarter. Frontier Investment Mgmt Co. now owns 74,070 shares of the financial services provider’s stock worth $4,011,000 after purchasing an additional 945 shares during the last quarter. KCS Wealth Advisory boosted its holdings in AerCap by 9.2% during the third quarter. KCS Wealth Advisory now owns 11,869 shares of the financial services provider’s stock worth $683,000 after purchasing an additional 996 shares during the last quarter. Korea Investment CORP boosted its holdings in AerCap by 1.6% during the second quarter. Korea Investment CORP now owns 62,007 shares of the financial services provider’s stock worth $3,358,000 after purchasing an additional 1,000 shares during the last quarter. Finally, BB&T Securities LLC boosted its holdings in AerCap by 5.1% during the second quarter. BB&T Securities LLC now owns 20,761 shares of the financial services provider’s stock worth $1,124,000 after purchasing an additional 1,011 shares during the last quarter. Institutional investors own 88.75% of the company’s stock.
AER has been the subject of several recent research reports. Zacks Investment Research upgraded shares of AerCap from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a report on Wednesday, October 3rd. Morgan Stanley reduced their target price on shares of AerCap from $54.00 to $49.00 and set an “underweight” rating for the company in a report on Wednesday, November 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $62.71.
AerCap (NYSE:AER) last announced its quarterly earnings results on Tuesday, October 30th. The financial services provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.24. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.18 billion. AerCap had a net margin of 21.66% and a return on equity of 12.01%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.62 earnings per share. As a group, equities research analysts predict that AerCap Holdings will post 6.91 EPS for the current year.
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AerCap Company Profile
AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in Mainland China, Hong Kong, Macau, the United States, Ireland, and internationally. The company provides aircraft asset management services, including remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.
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