Resona Asset Management Co. Ltd. Decreases Stock Position in Aercap Holdings N.V. $AER

Resona Asset Management Co. Ltd. lessened its holdings in Aercap Holdings N.V. (NYSE:AER) by 8.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,940 shares of the financial services provider’s stock after selling 4,253 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Aercap were worth $5,680,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Kathmere Capital Management LLC raised its position in shares of Aercap by 3.9% in the 3rd quarter. Kathmere Capital Management LLC now owns 2,246 shares of the financial services provider’s stock valued at $272,000 after purchasing an additional 85 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Aercap by 26.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 94 shares in the last quarter. Lido Advisors LLC raised its holdings in shares of Aercap by 3.9% in the second quarter. Lido Advisors LLC now owns 2,626 shares of the financial services provider’s stock worth $307,000 after buying an additional 99 shares during the last quarter. Citizens National Bank Trust Department lifted its stake in shares of Aercap by 0.8% during the second quarter. Citizens National Bank Trust Department now owns 13,965 shares of the financial services provider’s stock worth $1,634,000 after buying an additional 104 shares during the period. Finally, Snowden Capital Advisors LLC lifted its stake in shares of Aercap by 3.0% during the second quarter. Snowden Capital Advisors LLC now owns 3,622 shares of the financial services provider’s stock worth $424,000 after buying an additional 105 shares during the period. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Wall Street Analysts Forecast Growth

AER has been the subject of a number of research analyst reports. Susquehanna raised their target price on Aercap from $134.00 to $157.00 and gave the stock a “positive” rating in a research note on Tuesday, November 11th. Bank of America raised their price objective on Aercap from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Morgan Stanley upped their target price on Aercap from $120.00 to $150.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 11th. Zacks Research downgraded shares of Aercap from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Finally, TD Cowen reissued a “buy” rating on shares of Aercap in a research report on Thursday, October 30th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Aercap presently has an average rating of “Moderate Buy” and an average price target of $148.86.

Aercap Stock Up 0.1%

Shares of AER stock opened at $143.83 on Wednesday. The stock has a 50 day moving average of $141.12 and a 200 day moving average of $127.96. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.43. The stock has a market cap of $26.86 billion, a P/E ratio of 6.81, a P/E/G ratio of 0.74 and a beta of 1.08. Aercap Holdings N.V. has a twelve month low of $85.57 and a twelve month high of $149.24.

Aercap (NYSE:AER) last released its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $4.97 EPS for the quarter, topping the consensus estimate of $3.16 by $1.81. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2 billion. Aercap had a return on equity of 15.16% and a net margin of 45.41%.The business’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.41 EPS. As a group, sell-side analysts expect that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Profile

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.