Sumitomo Mitsui Trust Group Inc. Purchases 8,043 Shares of AerCap Holdings (NYSE:AER)

Sumitomo Mitsui Trust Group Inc. grew its position in shares of AerCap Holdings (NYSE:AER - Free Report) by 2.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 400,770 shares of the financial services provider's stock after acquiring an additional 8,043 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.20% of AerCap worth $38,354,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AER. Cetera Investment Advisers boosted its position in shares of AerCap by 2.6% during the 2nd quarter. Cetera Investment Advisers now owns 17,806 shares of the financial services provider's stock valued at $1,660,000 after acquiring an additional 452 shares during the last quarter. UMB Bank n.a. boosted its position in shares of AerCap by 35.5% during the 3rd quarter. UMB Bank n.a. now owns 664 shares of the financial services provider's stock valued at $63,000 after acquiring an additional 174 shares during the last quarter. Ritholtz Wealth Management boosted its position in shares of AerCap by 38.6% during the 3rd quarter. Ritholtz Wealth Management now owns 8,061 shares of the financial services provider's stock valued at $764,000 after acquiring an additional 2,244 shares during the last quarter. Polianta Ltd bought a new position in shares of AerCap during the 3rd quarter valued at approximately $1,231,000. Finally, Wedge Capital Management L L P NC raised its holdings in AerCap by 3,568.6% during the 3rd quarter. Wedge Capital Management L L P NC now owns 427,756 shares of the financial services provider's stock valued at $40,517,000 after buying an additional 416,096 shares during the period. 96.42% of the stock is currently owned by institutional investors.

AerCap Trading Up 1.6 %

AER stock traded up $1.58 during midday trading on Friday, reaching $100.60. The company's stock had a trading volume of 1,089,581 shares, compared to its average volume of 1,022,896. 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 stock has a fifty day simple moving average of $95.83 and a two-hundred day simple moving average of $95.22. AerCap Holdings has a 1 year low of $75.96 and a 1 year high of $100.81. The firm has a market capitalization of $19.91 billion, a price-to-earnings ratio of 7.97, a PEG ratio of 2.13 and a beta of 1.81.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AER shares. The Goldman Sachs Group restated a "buy" rating and set a $119.00 price target on shares of AerCap in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft increased their price target on AerCap from $110.00 to $115.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, AerCap has an average rating of "Moderate Buy" and a consensus target price 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.