Zurcher Kantonalbank Zurich Cantonalbank Buys 62,463 Shares of AerCap Holdings (NYSE:AER)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in AerCap Holdings (NYSE:AER) by 67.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 owned approximately 0.07% of AerCap worth $11,542,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Quarry LP bought a new position in shares of AerCap in the first quarter worth $25,000. Optiver Holding B.V. bought a new stake in AerCap during the third quarter valued at $32,000. Allworth Financial LP boosted its stake in AerCap by 2,460.0% during the third quarter. Allworth Financial LP now owns 768 shares of the financial services provider’s stock valued at $48,000 after buying an additional 738 shares during the period. Tower Research Capital LLC TRC bought a new stake in AerCap during the third quarter valued at $41,000. Finally, Bourgeon Capital Management LLC boosted its stake in AerCap by 20,000.0% during the fourth quarter. Bourgeon Capital Management LLC now owns 1,005 shares of the financial services provider’s stock valued at $75,000 after buying an additional 1,000 shares during the period. 96.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

AerCap Stock Down 0.6 %

AER opened at $83.21 on Friday. The company has a market cap of $16.47 billion, a P/E ratio of 5.88, a P/E/G ratio of 2.66 and a beta of 1.85. The business’s 50-day moving average price is $82.35 and its 200-day moving average price is $73.75. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 2.80. AerCap Holdings has a 12 month low of $53.42 and a 12 month high of $88.44.

AerCap (NYSE:AER) last released its quarterly earnings results on Friday, February 23rd. The financial services provider reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.67. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. AerCap had a return on equity of 14.92% and a net margin of 41.37%. AerCap’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.66 EPS. On average, equities analysts expect 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.