Lenox Wealth Management Inc. Has $823,000 Stock Holdings in AerCap Holdings (NYSE:AER)

Lenox Wealth Management Inc. trimmed its position in shares of AerCap Holdings (NYSE:AER) by 1.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,050 shares of the financial services provider’s stock after selling 250 shares during the quarter. Lenox Wealth Management Inc.’s holdings in AerCap were worth $823,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Northern Trust Corp boosted its stake in shares of AerCap by 3.9% during the second quarter. Northern Trust Corp now owns 1,677,351 shares of the financial services provider’s stock valued at $87,240,000 after purchasing an additional 63,402 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of AerCap by 0.3% during the second quarter. Bank of Montreal Can now owns 1,318,716 shares of the financial services provider’s stock valued at $68,587,000 after purchasing an additional 3,803 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of AerCap by 7.3% during the second quarter. Royal Bank of Canada now owns 1,222,185 shares of the financial services provider’s stock valued at $63,564,000 after purchasing an additional 83,311 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of AerCap by 2.1% during the second quarter. Parametric Portfolio Associates LLC now owns 885,690 shares of the financial services provider’s stock valued at $46,065,000 after purchasing an additional 17,792 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of AerCap by 4.8% during the third quarter. Russell Investments Group Ltd. now owns 724,082 shares of the financial services provider’s stock valued at $39,724,000 after purchasing an additional 32,842 shares in the last quarter. 85.42% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on AER. Citigroup set a $61.00 price target on AerCap and gave the company a “hold” rating in a research note on Wednesday, July 31st. Cowen lifted their price objective on AerCap from $56.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Zacks Investment Research lowered AerCap from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Compass Point lifted their price objective on AerCap from $69.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $60.43.

Shares of AerCap stock traded up $0.87 during midday trading on Friday, reaching $60.43. The company had a trading volume of 1,896,622 shares, compared to its average volume of 1,047,887. The stock has a fifty day moving average price of $56.05 and a 200 day moving average price of $52.15. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.25 and a quick ratio of 0.25. The firm has a market cap of $8.07 billion, a PE ratio of 8.85 and a beta of 1.81. AerCap Holdings has a fifty-two week low of $36.16 and a fifty-two week high of $62.86.

AerCap (NYSE:AER) last posted its quarterly earnings data on Friday, November 8th. The financial services provider reported $2.01 EPS for the quarter, topping the Zacks’ consensus estimate of $1.88 by $0.13. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.22 billion. AerCap had a return on equity of 11.85% and a net margin of 21.79%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.79 earnings per share. As a group, sell-side analysts forecast that AerCap Holdings will post 7.8 EPS for the current year.

AerCap Profile

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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Institutional Ownership by Quarter for AerCap (NYSE:AER)

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