AerCap Holdings (NYSE:AER) Shares Sold by Millennium Management LLC

Millennium Management LLC cut its position in shares of AerCap Holdings (NYSE:AER) by 88.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 247,174 shares of the financial services provider’s stock after selling 1,910,299 shares during the period. Millennium Management LLC owned 0.18% of AerCap worth $13,532,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in AER. Northern Trust Corp raised its position in shares of AerCap by 3.9% in the second quarter. Northern Trust Corp now owns 1,677,351 shares of the financial services provider’s stock worth $87,240,000 after acquiring an additional 63,402 shares during the period. TimesSquare Capital Management LLC grew its position in shares of AerCap by 31.1% during the 3rd quarter. TimesSquare Capital Management LLC now owns 1,381,575 shares of the financial services provider’s stock valued at $75,641,000 after acquiring an additional 327,800 shares during the period. Bank of Montreal Can increased its stake in shares of AerCap by 0.3% in the 2nd quarter. Bank of Montreal Can now owns 1,318,716 shares of the financial services provider’s stock valued at $68,587,000 after purchasing an additional 3,803 shares in the last quarter. Royal Bank of Canada increased its stake in shares of AerCap by 7.3% in the 2nd quarter. Royal Bank of Canada now owns 1,222,185 shares of the financial services provider’s stock valued at $63,564,000 after purchasing an additional 83,311 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in AerCap by 4.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 924,398 shares of the financial services provider’s stock worth $50,611,000 after purchasing an additional 38,708 shares during the period. Institutional investors own 88.57% of the company’s stock.

AER opened at $59.99 on Friday. The company has a market cap of $8.12 billion, a PE ratio of 8.78, a price-to-earnings-growth ratio of 1.58 and a beta of 1.82. AerCap Holdings has a twelve month low of $36.16 and a twelve month high of $62.86. The company has a 50-day moving average price of $59.25 and a 200 day moving average price of $53.50. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.17.

AerCap (NYSE:AER) last posted its quarterly earnings data on Friday, November 8th. The financial services provider reported $2.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.13. AerCap had a return on equity of 11.82% and a net margin of 21.81%. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the firm posted $1.79 EPS. AerCap’s revenue was up 2.4% compared to the same quarter last year. As a group, sell-side analysts expect that AerCap Holdings will post 8.09 earnings per share for the current year.

A number of brokerages have issued reports on AER. Zacks Investment Research downgraded AerCap from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. ValuEngine cut AerCap from a “hold” rating to a “sell” rating in a research report on Tuesday. Credit Suisse Group upped their target price on AerCap from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, Barclays increased their target price on AerCap from $64.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. AerCap currently has a consensus rating of “Hold” and an average target price of $64.71.

About AerCap

AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in China, the United States, Ireland, and internationally. The company offers aircraft asset management services, including remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.

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Institutional Ownership by Quarter for AerCap (NYSE:AER)

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