Wedge Capital Management L L P NC Lowers Stock Position in AerCap Holdings (NYSE:AER)

Wedge Capital Management L L P NC lowered its position in shares of AerCap Holdings (NYSE:AER) by 29.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 33,081 shares of the financial services provider’s stock after selling 13,584 shares during the period. Wedge Capital Management L L P NC’s holdings in AerCap were worth $2,459,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Optiver Holding B.V. purchased a new position in shares of AerCap in the 3rd quarter worth about $32,000. Allworth Financial LP raised its position in shares of AerCap by 2,460.0% in the 3rd quarter. Allworth Financial LP now owns 768 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 738 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of AerCap in the 3rd quarter worth about $63,000. Bourgeon Capital Management LLC raised its position in shares of AerCap by 20,000.0% in the 4th quarter. Bourgeon Capital Management LLC now owns 1,005 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA purchased a new position in shares of AerCap in the 3rd quarter worth about $103,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Barclays lifted their price objective on AerCap from $84.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. BMO Capital Markets reduced their price objective on AerCap from $103.00 to $101.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Susquehanna lifted their price objective on AerCap from $80.00 to $90.00 and gave the stock a “positive” rating in a report on Monday, February 26th. Finally, TD Cowen reiterated a “buy” rating and issued a $85.00 price objective on shares of AerCap in a report on Tuesday, February 27th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $87.71.

AerCap Trading Down 1.2 %

AerCap stock opened at $85.11 on Thursday. The business has a 50-day simple moving average of $82.67 and a two-hundred day simple moving average of $74.32. The company has a market cap of $16.85 billion, a P/E ratio of 6.02, a P/E/G ratio of 2.69 and a beta of 1.85. AerCap Holdings has a 52-week low of $53.42 and a 52-week high of $88.44. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 2.80.

AerCap (NYSE:AER) last announced its quarterly earnings data on Friday, February 23rd. The financial services provider reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.67. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. AerCap had a return on equity of 14.92% and a net margin of 41.37%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.66 EPS. Analysts predict that AerCap Holdings will post 9.88 EPS for the current year.

AerCap Profile

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.