New York State Common Retirement Fund Sells 44,013 Shares of AerCap Holdings (NYSE:AER)

New York State Common Retirement Fund decreased its holdings in AerCap Holdings (NYSE:AER) by 8.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 476,068 shares of the financial services provider’s stock after selling 44,013 shares during the quarter. New York State Common Retirement Fund’s holdings in AerCap were worth $45,560,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. lifted its position in AerCap by 59.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 17,875 shares of the financial services provider’s stock valued at $1,686,000 after acquiring an additional 6,654 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in AerCap by 66.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 279,803 shares of the financial services provider’s stock valued at $26,503,000 after buying an additional 112,084 shares during the last quarter. KBC Group NV increased its stake in AerCap by 18.7% in the 3rd quarter. KBC Group NV now owns 350,888 shares of the financial services provider’s stock valued at $33,236,000 after buying an additional 55,213 shares during the last quarter. Summit Global Investments purchased a new stake in AerCap in the 3rd quarter valued at about $667,000. Finally, Franklin Resources Inc. increased its stake in AerCap by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider’s stock valued at $545,726,000 after buying an additional 282,980 shares during the last quarter. Institutional investors own 96.42% of the company’s stock.

AerCap Trading Up 2.3 %

Shares of AER stock opened at $105.42 on Thursday. The company has a 50 day moving average of $96.25 and a 200-day moving average of $95.49. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. AerCap Holdings has a 12-month low of $75.96 and a 12-month high of $105.78. The firm has a market cap of $20.87 billion, a P/E ratio of 8.35, a PEG ratio of 2.20 and a beta of 1.81.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group reiterated a “buy” rating and issued a $119.00 price objective 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 company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $112.00.

AerCap Company 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.