SG Americas Securities LLC increased its stake in AerCap Holdings (NYSE:AER) by 40.8% during the 4th quarter, Holdings Channel reports. The firm owned 43,596 shares of the financial services provider’s stock after acquiring an additional 12,643 shares during the period. SG Americas Securities LLC’s holdings in AerCap were worth $1,726,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Comerica Bank lifted its holdings in shares of AerCap by 1.4% in the 3rd quarter. Comerica Bank now owns 171,817 shares of the financial services provider’s stock worth $8,731,000 after purchasing an additional 2,326 shares during the last quarter. Aristotle Capital Boston LLC lifted its holdings in shares of AerCap by 0.8% in the 3rd quarter. Aristotle Capital Boston LLC now owns 403,026 shares of the financial services provider’s stock worth $23,182,000 after purchasing an additional 3,382 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of AerCap by 19.4% in the 3rd quarter. Signaturefd LLC now owns 7,762 shares of the financial services provider’s stock worth $446,000 after purchasing an additional 1,261 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of AerCap by 1,214.6% in the 3rd quarter. First Trust Advisors LP now owns 83,755 shares of the financial services provider’s stock worth $4,818,000 after purchasing an additional 77,384 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in shares of AerCap in the 3rd quarter worth approximately $1,730,000. 89.68% of the stock is currently owned by institutional investors and hedge funds.
AerCap stock traded up $0.39 during mid-day trading on Friday, hitting $48.07. 4,359 shares of the company’s stock traded hands, compared to its average volume of 1,010,787. The company has a debt-to-equity ratio of 3.18, a current ratio of 0.38 and a quick ratio of 0.38. The company has a market capitalization of $7.08 billion, a P/E ratio of 7.60 and a beta of 1.95. AerCap Holdings has a one year low of $36.16 and a one year high of $58.30.
Several analysts recently issued reports on the company. Morgan Stanley cut their price target on AerCap from $54.00 to $49.00 and set an “underweight” rating on the stock in a report on Wednesday, November 14th. Zacks Investment Research downgraded AerCap from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. Finally, Barclays set a $64.00 price target on AerCap and gave the stock a “buy” rating in a report on Friday, December 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $60.00.
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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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