Truvvo Partners LLC Purchases New Stake in AerCap Holdings (NYSE:AER)

Truvvo Partners LLC purchased a new stake in AerCap Holdings (NYSE:AER) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,955 shares of the financial services provider’s stock, valued at approximately $309,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Atlas Capital Advisors LLC grew its position in AerCap by 7.7% in the 2nd quarter. Atlas Capital Advisors LLC now owns 2,887 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 206 shares during the period. Meadow Creek Investment Management LLC boosted its holdings in AerCap by 8.0% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 3,024 shares of the financial services provider’s stock worth $157,000 after acquiring an additional 224 shares during the last quarter. Quadrant Capital Management LLC boosted its holdings in AerCap by 0.5% during the 1st quarter. Quadrant Capital Management LLC now owns 51,027 shares of the financial services provider’s stock worth $2,375,000 after acquiring an additional 232 shares during the last quarter. OLD National Bancorp IN boosted its holdings in AerCap by 3.3% during the 1st quarter. OLD National Bancorp IN now owns 7,552 shares of the financial services provider’s stock worth $351,000 after acquiring an additional 242 shares during the last quarter. Finally, FDx Advisors Inc. boosted its holdings in AerCap by 1.8% during the 2nd quarter. FDx Advisors Inc. now owns 13,626 shares of the financial services provider’s stock worth $709,000 after acquiring an additional 243 shares during the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

AER has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of AerCap from a “buy” rating to a “hold” rating in a report on Tuesday, June 25th. Cowen lifted their price objective on shares of AerCap from $56.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. Citigroup set a $61.00 price objective on shares of AerCap and gave the stock a “hold” rating in a report on Wednesday, July 31st. Finally, Compass Point lifted their price objective on shares of AerCap from $69.00 to $73.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. AerCap currently has an average rating of “Hold” and a consensus target price of $60.14.

AER traded up $0.17 during mid-day trading on Friday, reaching $56.56. 59,639 shares of the stock were exchanged, compared to its average volume of 839,984. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market capitalization of $7.72 billion, a PE ratio of 8.27 and a beta of 1.84. The company has a 50 day moving average price of $52.62 and a two-hundred day moving average price of $49.24. AerCap Holdings has a 1 year low of $36.16 and a 1 year high of $57.94.

AerCap (NYSE:AER) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.70. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.21 billion. AerCap had a net margin of 21.79% and a return on equity of 11.85%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.70 EPS. Sell-side analysts expect that AerCap Holdings will post 7.8 EPS for the current fiscal year.

About AerCap

AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in China, the United States, Ireland, and internationally. The company offers 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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Institutional Ownership by Quarter for AerCap (NYSE:AER)

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