Cypress Capital Management LLC WY Cuts Holdings in AerCap Holdings (NYSE:AER)

Cypress Capital Management LLC WY lessened its position in shares of AerCap Holdings (NYSE:AER) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,286 shares of the financial services provider’s stock after selling 944 shares during the period. AerCap makes up 1.6% of Cypress Capital Management LLC WY’s portfolio, making the stock its 20th biggest position. Cypress Capital Management LLC WY’s holdings in AerCap were worth $1,367,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP purchased a new stake in shares of AerCap during the 2nd quarter worth about $1,990,000. AQR Capital Management LLC grew its stake in AerCap by 26.6% during the second quarter. AQR Capital Management LLC now owns 10,075 shares of the financial services provider’s stock worth $939,000 after buying an additional 2,115 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of AerCap by 1.6% in the second quarter. The Manufacturers Life Insurance Company now owns 74,431 shares of the financial services provider’s stock worth $6,937,000 after acquiring an additional 1,150 shares in the last quarter. Creative Planning raised its stake in shares of AerCap by 13.9% in the 2nd quarter. Creative Planning now owns 23,614 shares of the financial services provider’s stock valued at $2,201,000 after acquiring an additional 2,881 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of AerCap by 35.8% during the 2nd quarter. NewEdge Advisors LLC now owns 23,603 shares of the financial services provider’s stock valued at $2,200,000 after acquiring an additional 6,228 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

AerCap Stock Down 0.4 %

Shares of AerCap stock opened at $95.46 on Friday. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. AerCap Holdings has a 1-year low of $75.83 and a 1-year high of $100.81. The business has a 50-day moving average of $96.07 and a 200-day moving average of $95.03. The company has a market capitalization of $18.90 billion, a PE ratio of 7.56, a P/E/G ratio of 2.07 and a beta of 1.82.

AerCap (NYSE:AER) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.41. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the previous year, the business earned $2.81 EPS. AerCap’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, equities analysts forecast that AerCap Holdings will post 11.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AER has been the subject of several recent research reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $119.00 price target on shares of AerCap in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft increased their target price on AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, AerCap currently has an average rating of “Moderate Buy” and a consensus target price of $112.00.

AerCap Company 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.