AerCap Holdings (NYSE:AER) Stake Lowered by Leuthold Group LLC

Leuthold Group LLC trimmed its stake in shares of AerCap Holdings (NYSE:AER) by 3.5% during the fourth quarter, Holdings Channel reports. The firm owned 63,025 shares of the financial services provider’s stock after selling 2,314 shares during the period. Leuthold Group LLC’s holdings in AerCap were worth $6,031,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AER. Franklin Resources Inc. increased its position in AerCap by 5.3% in the third quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider’s stock worth $545,726,000 after buying an additional 282,980 shares during the period. State Street Corp grew its position in shares of AerCap by 8.3% during the third quarter. State Street Corp now owns 4,862,517 shares of the financial services provider’s stock worth $460,579,000 after acquiring an additional 370,906 shares during the last quarter. Donald Smith & CO. Inc. grew its position in shares of AerCap by 0.7% during the third quarter. Donald Smith & CO. Inc. now owns 3,525,307 shares of the financial services provider’s stock worth $333,917,000 after acquiring an additional 23,994 shares during the last quarter. Ninety One UK Ltd grew its position in shares of AerCap by 7.0% during the fourth quarter. Ninety One UK Ltd now owns 2,550,350 shares of the financial services provider’s stock worth $244,068,000 after acquiring an additional 167,830 shares during the last quarter. Finally, FMR LLC lifted its position in AerCap by 1.3% in the 3rd quarter. FMR LLC now owns 1,737,476 shares of the financial services provider’s stock valued at $164,574,000 after purchasing an additional 22,346 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analyst Ratings Changes

Separately, The Goldman Sachs Group reissued a “buy” rating and set a $119.00 target price on shares of AerCap in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $112.00.

AerCap Price Performance

Shares of NYSE AER opened at $101.67 on Friday. AerCap Holdings has a fifty-two week low of $75.96 and a fifty-two week high of $107.36. The firm’s 50-day simple moving average is $96.59 and its 200 day simple moving average is $95.67. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The stock has a market cap of $20.12 billion, a P/E ratio of 8.06, a P/E/G ratio of 2.30 and a beta of 1.81.

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.