BB & T Corp reduced its stake in AerCap Holdings (NYSE: AER) by 5.4% in the third quarter, according to data submitted to the recent Form 13F SEC. The company sold 3,832 shares during the quarter, The stock owns 67,745 shares. At the end of the most recent quarter BB & T Corp's AerCap holdings were $ 3,897,000.
Several other hedge funds and other institutional investors have also modified their stake in the company. Northern Trust Corp increased its stake in AerCap by 3.1% during the second quarter. Northern Trust Corp currently holds 1,594,650 shares of stock with a value of $ 86,350,000 after purchasing an additional 48,654 shares during this period. Nicola Wells Management LTD. During the second quarter, Air Cap ownership increased 119.4 percent. Nicola Wells Management LTD. During this period, we have purchased more than 41,200 shares and have 75,700 shares of financial service provider stock of $ 4,119,000. Nomura Asset Management increased its stake in AerCap by 14.5% in the second quarter. Nomura Asset Management Co. currently owns 24,215 shares of financial service provider shares of $ 1,311,000 after purchasing an additional 3,068 shares during this period. Schroder Investment Management Group increased its AerCap stake by 64.4% in the second quarter. Schroder Investment Management Group currently owns 390,128 shares of financial services provider worth $ 21,075,000 after acquiring an additional 152,874 shares during this period. Finally, the Commonwealth Bank of Australia increased its stake in AerCap by 42.9% in the second quarter. The Commonwealth Bank of Australia currently holds 39,945 shares of the financial services provider for $ 2,159,000 after acquiring an additional 12,000 shares during the current period. Hedge funds and other institutional investors own 86.06% of their shares.
During Tuesday trading, AerCap stock rose $ 0.29 to reach $ 51.89. The company's stock had 1,371,906 trading volumes and the average trading volume was 1,135,687. The company's debt-to-equity ratio is 3.18, with a current ratio of 0.38 and a rapid rate of 0.38. The stock has a market capitalization of $ 7.77 billion, a return on value of 8.20, a PEG of 0.65, and a beta of 1.95. AerCap Holdings was down $ 48.10 a year and $ 58.30 a year earlier.
AerCap (NYSE: AER) posted quarterly earnings data on Tuesday, October 30. Financial service providers posted quarterly earnings per share of $ 1.79, exceeding the Zacks consensus estimate of $ 1.55, or $ 0.24 per share. The company reported revenue of $ 1.17 billion over the quarter, compared with analysts' expectations of $ 1.18 billion. The air cap had a 12.01% equity return and a net profit margin of 21.66%. Quarterly sales of the business declined 8.4% YoY. During the same quarter last year, the company earned an EPS of $ 1.62. On average, stock research analysts expect AerCap Holdings to make a profit of 6.72 per share in the current financial year.
AER was the subject of several analytical reports. Zacks Investment Research upgraded AerCap from a "hold" rating to a "buy" rating and set a price target of $ 64 on stocks on Wednesday, October 3. Stephens downgraded AerCap from an "overweight" rating to an "equal grade" rating and set a $ 64.00 price target for the stock. On Tuesday, July 31, Barclays reduced its AerCap pricing target from $ 71.00 to $ 69.00 in a report on Tuesday, July 31, and awarded a "Overweight" rating. Finally, Morgan Stanley raised the target price of AerCap from $ 53.00 to $ 54.00 and gave it an "overweight" rating on Monday, August 6. One research analyst rated stocks as sales grade, four gave hold ratings, and six gave stock ratings to corporate stocks. Currently, AerCap's average rating is "on hold" and the average price is $ 63.89.
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AerCap Holdings N.V., an aircraft leasing company, is engaged in the leasing, financing, sales and management of mainland China, Hong Kong, Macao, US, Ireland and international commercial aircraft and engines. The company provides aircraft asset management services including limiter aircraft. We monitor leasing and maintenance rent payments, monitor aircraft maintenance, monitor and enforce contract compliance, and deliver aircraft and deliveries.
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