Neuberger Berman Group LLC Raises Holdings in AerCap Holdings (NYSE:AER)

Neuberger Berman Group LLC boosted its holdings in shares of AerCap Holdings (NYSE:AER) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,818,377 shares of the financial services provider’s stock after purchasing an additional 93,833 shares during the quarter. Neuberger Berman Group LLC owned approximately 2.16% of AerCap worth $143,568,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AER. Advisory Services Network LLC acquired a new position in shares of AerCap during the second quarter valued at approximately $25,000. Quadrant Capital Group LLC boosted its position in shares of AerCap by 46.2% during the second quarter. Quadrant Capital Group LLC now owns 687 shares of the financial services provider’s stock worth $35,000 after buying an additional 217 shares during the period. Red Door Wealth Management LLC purchased a new position in AerCap in the second quarter valued at $57,000. PNC Managed Account Solutions Inc. purchased a new position in AerCap in the second quarter valued at $58,000. Finally, Captrust Financial Advisors boosted its holdings in AerCap by 216.9% in the first quarter. Captrust Financial Advisors now owns 1,011 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 692 shares during the period. Institutional investors own 91.01% of the company’s stock.

Shares of AER stock opened at $59.96 on Thursday. The stock has a market capitalization of $7.82 billion, a PE ratio of -21.72, a price-to-earnings-growth ratio of 0.41 and a beta of 2.42. AerCap Holdings has a 52-week low of $24.29 and a 52-week high of $63.49. The stock’s 50-day moving average price is $55.74 and its 200 day moving average price is $55.98. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 2.97.

AerCap (NYSE:AER) last posted its earnings results on Wednesday, July 28th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.54. AerCap had a positive return on equity of 9.32% and a negative net margin of 7.84%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.01 billion. Analysts expect that AerCap Holdings will post 6.89 earnings per share for the current fiscal year.

Separately, Zacks Investment Research lowered AerCap from a “hold” rating to a “sell” rating in a report on Monday, October 4th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $67.29.

AerCap Profile

AerCap Holdings NV engages in aircraft leasing and aviation finance. The firm also provides aircraft owners, financiers and investors with asset services to manage an aircraft portfolio. It operates through leasing, financing, sales, and management of commercial aircraft and engines segment. The company was founded in 1995 and is headquartered in Dublin, Ireland.

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Institutional Ownership by Quarter for AerCap (NYSE:AER)

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