Assenagon Asset Management S.A. Buys Shares of 38,711 AerCap Holdings (NYSE:AER)

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Assenagon Asset Management S.A. bought a new stake in shares of AerCap Holdings (NYSE:AER) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 38,711 shares of the financial services provider’s stock, valued at approximately $2,119,000.

Other large investors also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of AerCap during the 2nd quarter valued at $51,000. SRS Capital Advisors Inc. acquired a new stake in shares of AerCap during the 2nd quarter valued at $59,000. Cerebellum GP LLC acquired a new stake in shares of AerCap in the 2nd quarter valued at $107,000. Marshall Wace North America L.P. acquired a new stake in shares of AerCap in the 1st quarter valued at $112,000. Finally, Atlas Capital Advisors LLC lifted its stake in shares of 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 last quarter. 86.63% of the stock is owned by institutional investors.

Several equities research analysts recently issued reports on the stock. Citigroup set a $61.00 price objective on shares of AerCap and gave the company a “hold” rating in a research note on Wednesday, July 31st. Cowen lifted their price objective on shares of AerCap from $56.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Compass Point lifted their price objective on shares of AerCap from $69.00 to $73.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Zacks Investment Research lowered shares of AerCap from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $60.43.

AER stock opened at $55.93 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 3.20. AerCap Holdings has a 1 year low of $36.16 and a 1 year high of $56.76. The company has a fifty day simple moving average of $54.60 and a 200 day simple moving average of $51.14. The firm has a market cap of $7.63 billion, a PE ratio of 8.19 and a beta of 1.81.

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

AerCap Profile

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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