Parsifal Capital Management LP Sells 111,271 Shares of AerCap Holdings (NYSE:AER)
Parsifal Capital Management LP trimmed its position in AerCap Holdings (NYSE:AER – Free Report) by 7.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,419,472 shares of the financial services provider’s stock after selling 111,271 shares during the period. AerCap accounts for approximately 6.8% of Parsifal Capital Management LP’s investment portfolio, making the stock its 6th biggest holding. Parsifal Capital Management LP owned about 0.60% of AerCap worth $90,165,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in AER. JPMorgan Chase & Co. boosted its holdings in AerCap by 105.4% in the first quarter. JPMorgan Chase & Co. now owns 274,411 shares of the financial services provider’s stock valued at $13,797,000 after purchasing an additional 140,800 shares during the last quarter. Bank of Montreal Can boosted its holdings in AerCap by 589.5% in the first quarter. Bank of Montreal Can now owns 41,378 shares of the financial services provider’s stock valued at $2,129,000 after purchasing an additional 35,377 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in AerCap in the first quarter valued at $745,000. BlackRock Inc. boosted its holdings in AerCap by 90.7% in the first quarter. BlackRock Inc. now owns 5,767,535 shares of the financial services provider’s stock valued at $289,992,000 after purchasing an additional 2,743,035 shares during the last quarter. Finally, APG Asset Management N.V. purchased a new stake in shares of AerCap during the 1st quarter worth about $203,000. 92.00% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
AER has been the topic of several recent analyst reports. Barclays initiated coverage on shares of AerCap in a research note on Wednesday, November 15th. They set an “overweight” rating and a $80.00 target price on the stock. Citigroup increased their target price on shares of AerCap from $75.00 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, October 10th. StockNews.com initiated coverage on shares of AerCap in a research note on Thursday, October 5th. They set a “buy” rating on the stock. Finally, JPMorgan Chase & Co. increased their target price on shares of AerCap from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 31st. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $82.50.
Read Our Latest Stock Analysis on AerCap
AerCap Price Performance
AER stock traded up $1.27 during mid-day trading on Friday, reaching $69.49. The company’s stock had a trading volume of 2,129,959 shares, compared to its average volume of 2,505,611. The stock has a market cap of $14.60 billion, a PE ratio of 6.43, a P/E/G ratio of 0.95 and a beta of 1.92. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 2.90. AerCap Holdings has a fifty-two week low of $49.58 and a fifty-two week high of $70.00. The company’s 50 day moving average is $63.19 and its two-hundred day moving average is $62.31.
AerCap (NYSE:AER – Get Free Report) last released its quarterly earnings data on Friday, October 27th. The financial services provider reported $2.81 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.37. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.89 billion. AerCap had a net margin of 33.62% and a return on equity of 15.03%. AerCap’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.21 EPS. Equities research analysts expect that AerCap Holdings will post 10.15 EPS for the current year.
About AerCap (Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider AerCap, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and AerCap wasn’t on the list.
While AerCap currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Click the link below and we’ll send you MarketBeat’s list of seven best retirement stocks and why they should be in your portfolio.