Pekin Hardy Strauss Inc. Sells 2,600 Shares of AerCap Holdings (NYSE:AER)

Pekin Hardy Strauss Inc. lessened its stake in shares of AerCap Holdings (NYSE:AER) by 3.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,155 shares of the financial services provider’s stock after selling 2,600 shares during the period. AerCap comprises approximately 1.0% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its 18th biggest holding. Pekin Hardy Strauss Inc.’s holdings in AerCap were worth $8,149,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AER. Toth Financial Advisory Corp bought a new stake in shares of AerCap during the fourth quarter valued at approximately $29,000. Truvestments Capital LLC bought a new stake in shares of AerCap during the third quarter valued at approximately $35,000. Fortitude Family Office LLC bought a new stake in shares of AerCap during the fourth quarter valued at approximately $38,000. Transamerica Financial Advisors Inc. bought a new stake in shares of AerCap during the third quarter valued at approximately $64,000. Finally, Quantbot Technologies LP bought a new stake in shares of AerCap during the third quarter valued at approximately $66,000. Institutional investors own 96.42% of the company’s stock.

Analyst Ratings Changes

Separately, The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 price target on shares of AerCap in a research note on Thursday, November 21st. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $112.00.

AerCap Stock Performance

Shares of AER stock opened at $101.67 on Friday. The firm has a market cap of $20.12 billion, a price-to-earnings ratio of 8.06, a PEG ratio of 2.31 and a beta of 1.81. The company’s 50 day moving average is $96.59 and its 200 day moving average is $95.71. 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 52-week low of $75.96 and a 52-week high of $107.36.

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.