CIBC Asset Management Inc Has $410,000 Position in AerCap Holdings (AER)
CIBC Asset Management Inc cut its holdings in AerCap Holdings (NYSE:AER) by 7.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,357 shares of the financial services provider’s stock after selling 839 shares during the period. CIBC Asset Management Inc’s holdings in AerCap were worth $410,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Aristotle Capital Boston LLC boosted its holdings in AerCap by 0.8% in the 3rd quarter. Aristotle Capital Boston LLC now owns 403,026 shares of the financial services provider’s stock valued at $23,182,000 after purchasing an additional 3,382 shares during the period. Signaturefd LLC boosted its holdings in AerCap by 19.4% in the 3rd quarter. Signaturefd LLC now owns 7,762 shares of the financial services provider’s stock valued at $446,000 after purchasing an additional 1,261 shares during the period. First Trust Advisors LP boosted its holdings in AerCap by 1,214.6% in the 3rd quarter. First Trust Advisors LP now owns 83,755 shares of the financial services provider’s stock valued at $4,818,000 after purchasing an additional 77,384 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new position in AerCap in the 3rd quarter valued at $1,730,000. Finally, Schroder Investment Management Group boosted its holdings in AerCap by 10.8% in the 3rd quarter. Schroder Investment Management Group now owns 432,298 shares of the financial services provider’s stock valued at $24,866,000 after purchasing an additional 42,170 shares during the period. 86.72% of the stock is owned by institutional investors.
AER has been the subject of several analyst reports. Barclays set a $64.00 price target on shares of AerCap and gave the company a “buy” rating in a report on Friday, December 14th. Zacks Investment Research raised shares of AerCap from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Monday, January 14th. Finally, ValuEngine downgraded shares of AerCap from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. AerCap currently has an average rating of “Hold” and an average target price of $60.00.
AerCap (NYSE:AER) last posted its quarterly earnings data on Thursday, February 14th. The financial services provider reported $1.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.67 by ($0.05). The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.23 billion. AerCap had a net margin of 21.16% and a return on equity of 11.55%. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.67 EPS. As a group, equities analysts forecast that AerCap Holdings will post 6.58 earnings per share for the current year.
AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in China, the United States, Ireland, and internationally. The company offers aircraft asset management services, including remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.
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