Nordea Investment Management AB Sells 9,802 Shares of AerCap Holdings (NYSE:AER)

Nordea Investment Management AB trimmed its position in AerCap Holdings (NYSE:AER) by 5.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 169,546 shares of the financial services provider’s stock after selling 9,802 shares during the period. Nordea Investment Management AB owned about 0.11% of AerCap worth $7,890,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Legal & General Group Plc grew its position in shares of AerCap by 2.6% during the 4th quarter. Legal & General Group Plc now owns 794,819 shares of the financial services provider’s stock valued at $31,475,000 after acquiring an additional 20,112 shares during the period. Wexford Capital LP bought a new position in shares of AerCap during the 4th quarter valued at approximately $17,738,000. Asahi Life Asset Management CO. LTD. purchased a new stake in shares of AerCap during the 1st quarter valued at approximately $261,000. Weiss Multi Strategy Advisers LLC purchased a new stake in shares of AerCap during the 4th quarter valued at approximately $2,772,000. Finally, Hayden Royal LLC purchased a new stake in shares of AerCap during the 1st quarter valued at approximately $346,000. 81.27% of the stock is owned by institutional investors and hedge funds.

Shares of AER stock traded up $0.47 on Friday, hitting $50.94. 967,096 shares of the company’s stock traded hands, compared to its average volume of 675,218. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 3.43. AerCap Holdings has a one year low of $36.16 and a one year high of $58.30. The firm’s fifty day moving average is $48.95. The stock has a market cap of $7.74 billion, a PE ratio of 7.46 and a beta of 1.86.

AerCap (NYSE:AER) last released its earnings results on Wednesday, May 1st. The financial services provider reported $1.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.08. AerCap had a net margin of 20.57% and a return on equity of 11.09%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the firm earned $1.72 EPS. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. As a group, equities research analysts anticipate that AerCap Holdings will post 6.76 EPS for the current year.

A number of analysts recently commented on AER shares. Zacks Investment Research upgraded shares of FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price target on the stock in a research note on Tuesday, June 25th. ValuEngine upgraded shares of Vanda Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Friday, March 29th. Citigroup dropped their price target on shares of UnitedHealth Group from $288.00 to $247.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 17th. Finally, Goldman Sachs Group restated a “neutral” rating and set a $393.00 price objective on shares of Boeing in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. AerCap has a consensus rating of “Hold” and a consensus target price of $57.67.

AerCap Company 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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