Zurcher Kantonalbank Zurich Cantonalbank Grows Stake in AerCap Holdings (NYSE:AER)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in AerCap Holdings (NYSE:AER) by 67.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 155,308 shares of the financial services provider’s stock after acquiring an additional 62,463 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AerCap were worth $11,542,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AER. JPMorgan Chase & Co. grew its position in AerCap by 105.4% in the first quarter. JPMorgan Chase & Co. now owns 274,411 shares of the financial services provider’s stock worth $13,797,000 after acquiring an additional 140,800 shares in the last quarter. Bank of Montreal Can grew its position 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 worth $2,129,000 after acquiring an additional 35,377 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in AerCap in the first quarter worth about $745,000. BlackRock Inc. grew its position in AerCap by 90.7% in the first quarter. BlackRock Inc. now owns 5,767,535 shares of the financial services provider’s stock worth $289,992,000 after acquiring an additional 2,743,035 shares in the last quarter. Finally, APG Asset Management N.V. purchased a new position in AerCap in the first quarter worth about $203,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.

AerCap Stock Performance

Shares of NYSE:AER opened at $83.21 on Friday. The company has a market capitalization of $16.47 billion, a price-to-earnings ratio of 5.88, a price-to-earnings-growth ratio of 2.66 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. The firm has a 50 day moving average of $82.35 and a 200 day moving average of $73.75.

AerCap (NYSE:AER) last issued its quarterly earnings data on Friday, February 23rd. The financial services provider reported $3.11 EPS for the quarter, topping 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 net margin of 41.37% and a return on equity of 14.92%. AerCap’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.66 earnings per share. On average, sell-side analysts predict that AerCap Holdings will post 9.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.