Transcend Capital Advisors LLC Trims Position in AerCap Holdings (NYSE:AER)

Transcend Capital Advisors LLC lessened its stake in shares of AerCap Holdings (NYSE:AER) by 9.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,559 shares of the financial services provider’s stock after selling 486 shares during the period. Transcend Capital Advisors LLC’s holdings in AerCap were worth $436,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of AER. Darsana Capital Partners LP purchased a new position in shares of AerCap during the 3rd quarter worth $94,720,000. TOMS Capital Investment Management LP acquired a new stake in shares of AerCap during the 3rd quarter worth about $60,526,000. KBC Group NV increased its position in shares of AerCap by 137.8% during the 4th quarter. KBC Group NV now owns 834,452 shares of the financial services provider’s stock worth $79,857,000 after purchasing an additional 483,564 shares during the last quarter. State Street Corp increased its position in shares of AerCap by 8.3% during the 3rd quarter. State Street Corp now owns 4,862,517 shares of the financial services provider’s stock worth $460,579,000 after purchasing an additional 370,906 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of 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 purchasing an additional 282,980 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group reissued a “buy” rating and set a $119.00 price objective on shares of AerCap in a research report on Thursday, November 21st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, AerCap has a consensus rating of “Moderate Buy” and a consensus price target of $112.00.

AerCap Stock Performance

NYSE AER opened at $101.67 on Friday. The company has a market cap of $20.12 billion, a P/E ratio of 8.06, a P/E/G ratio of 2.31 and a beta of 1.81. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a 50-day moving average of $96.59 and a two-hundred day moving average of $95.71. AerCap Holdings has a 1-year low of $75.96 and a 1-year high of $107.36.

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.