New York State Common Retirement Fund Trims Stock Holdings in Aercap Holdings N.V. $AER

New York State Common Retirement Fund lessened its stake in shares of Aercap Holdings N.V. (NYSE:AER) by 17.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,482 shares of the financial services provider’s stock after selling 22,865 shares during the quarter. New York State Common Retirement Fund owned 0.06% of Aercap worth $13,489,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Mather Group LLC. purchased a new position in shares of Aercap during the 3rd quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in Aercap in the second quarter valued at approximately $43,000. Geneos Wealth Management Inc. lifted its stake in Aercap by 26.6% during the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 94 shares in the last quarter. Whittier Trust Co. purchased a new position in shares of Aercap during the second quarter worth $53,000. Finally, Toth Financial Advisory Corp boosted its position in shares of Aercap by 66.7% during the third quarter. Toth Financial Advisory Corp now owns 500 shares of the financial services provider’s stock worth $60,000 after buying an additional 200 shares during the period. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Aercap Trading Up 1.1%

AER opened at $145.23 on Tuesday. The business’s 50-day simple moving average is $142.11 and its 200-day simple moving average is $128.79. The company has a market cap of $27.13 billion, a P/E ratio of 6.88, a PEG ratio of 0.74 and a beta of 1.05. Aercap Holdings N.V. has a one year low of $85.57 and a one year high of $149.24. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.30 and a current ratio of 0.30.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Morgan Stanley increased their target price on Aercap from $120.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Aercap in a research note on Wednesday, January 21st. Barclays raised their price objective on shares of Aercap from $144.00 to $162.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Susquehanna upped their target price on shares of Aercap from $134.00 to $157.00 and gave the stock a “positive” rating in a research note on Tuesday, November 11th. Finally, Bank of America increased their target price on shares of Aercap from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Aercap presently has a consensus rating of “Moderate Buy” and an average target price of $148.86.

About Aercap

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.