Triasima Portfolio Management inc. Takes $2.27 Million Position in AerCap Holdings (NYSE:AER)

Triasima Portfolio Management inc. purchased a new stake in AerCap Holdings (NYSE:AER) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 23,710 shares of the financial services provider’s stock, valued at approximately $2,269,000.

Other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. grew its stake in AerCap by 5.3% during the 3rd 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 last quarter. State Street Corp lifted its holdings in shares of AerCap by 8.3% in the third quarter. State Street Corp now owns 4,862,517 shares of the financial services provider’s stock valued at $460,579,000 after buying an additional 370,906 shares during the period. Donald Smith & CO. Inc. lifted its holdings in shares of AerCap by 0.7% in the third quarter. Donald Smith & CO. Inc. now owns 3,525,307 shares of the financial services provider’s stock valued at $333,917,000 after buying an additional 23,994 shares during the period. Ninety One UK Ltd lifted its holdings in shares of AerCap by 7.0% in the fourth quarter. Ninety One UK Ltd now owns 2,550,350 shares of the financial services provider’s stock valued at $244,068,000 after buying an additional 167,830 shares during the period. Finally, FMR LLC lifted its holdings in shares of AerCap by 1.3% in the third quarter. FMR LLC now owns 1,737,476 shares of the financial services provider’s stock valued at $164,574,000 after buying an additional 22,346 shares during the period. 96.42% of the stock is currently owned by institutional investors.

AerCap Stock Performance

Shares of NYSE AER opened at $97.25 on Friday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market cap of $19.25 billion, a price-to-earnings ratio of 7.71, a P/E/G ratio of 2.09 and a beta of 1.81. The business’s 50-day simple moving average is $95.73 and its 200-day simple moving average is $95.04. AerCap Holdings has a 52 week low of $75.83 and a 52 week high of $100.81.

Wall Street Analysts Forecast Growth

AER has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group reissued a “buy” rating and issued a $119.00 price objective on shares of AerCap in a research note on Thursday, November 21st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, AerCap currently has an average rating of “Moderate Buy” and a consensus price target of $112.00.

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.