AerCap Holdings (NYSE:AER - Get Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 2,470,000 shares, an increase of 6.9% from the December 31st total of 2,310,000 shares. Based on an average daily volume of 979,900 shares, the short-interest ratio is currently 2.5 days.
Analysts Set New Price Targets
A number of brokerages recently commented on AER. The Goldman Sachs Group reiterated a "buy" rating and issued a $119.00 price target on shares of AerCap in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of AerCap from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, AerCap currently has an average rating of "Moderate Buy" and an average target price of $112.00.
View Our Latest Stock Analysis on AER
AerCap Price Performance
AER stock traded up $0.41 during midday trading on Friday, reaching $97.76. 779,558 shares of the stock were exchanged, compared to its average volume of 1,003,598. AerCap has a 52 week low of $75.83 and a 52 week high of $100.81. The company has a fifty day moving average price of $95.73 and a 200 day moving average price of $95.04. 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 market capitalization of $19.35 billion, a PE ratio of 7.75, a P/E/G ratio of 2.09 and a beta of 1.81.
Institutional Trading of AerCap
Several hedge funds and other institutional investors have recently made changes to their positions in AER. Dimensional Fund Advisors LP acquired a new stake in AerCap during the 2nd quarter worth approximately $1,990,000. AQR Capital Management LLC raised its stake in AerCap by 26.6% during the second quarter. AQR Capital Management LLC now owns 10,075 shares of the financial services provider's stock worth $939,000 after buying an additional 2,115 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of AerCap by 1.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 74,431 shares of the financial services provider's stock valued at $6,937,000 after purchasing an additional 1,150 shares during the period. Creative Planning boosted its holdings in shares of AerCap by 13.9% during the 2nd quarter. Creative Planning now owns 23,614 shares of the financial services provider's stock worth $2,201,000 after buying an additional 2,881 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in AerCap by 35.8% in the second quarter. NewEdge Advisors LLC now owns 23,603 shares of the financial services provider's stock worth $2,200,000 after purchasing an additional 6,228 shares during the period. 96.42% of the stock is currently owned by institutional investors.
AerCap Company Profile
(
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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.
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