Fifth Third Bancorp Has $719,000 Holdings in AerCap Holdings (NYSE:AER)

Fifth Third Bancorp decreased its position in shares of AerCap Holdings (NYSE:AER) by 29.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,514 shares of the financial services provider’s stock after selling 3,170 shares during the period. Fifth Third Bancorp’s holdings in AerCap were worth $719,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its stake in shares of AerCap by 15.3% in the third quarter. First Horizon Advisors Inc. now owns 814 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 108 shares during the period. Dupree Financial Group LLC increased its position in AerCap by 0.4% in the 3rd quarter. Dupree Financial Group LLC now owns 28,395 shares of the financial services provider’s stock worth $2,690,000 after buying an additional 121 shares during the period. UMB Bank n.a. lifted its holdings in shares of AerCap by 35.5% during the third quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock worth $63,000 after buying an additional 174 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of AerCap by 0.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 58,671 shares of the financial services provider’s stock valued at $5,557,000 after acquiring an additional 320 shares during the period. Finally, Truvestments Capital LLC acquired a new stake in shares of AerCap in the third quarter worth $35,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

AerCap Price Performance

NYSE:AER opened at $95.86 on Thursday. 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 company has a 50-day moving average of $96.11 and a 200-day moving average of $95.03. AerCap Holdings has a 52 week low of $75.83 and a 52 week high of $100.81. The company has a market capitalization of $18.97 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 2.07 and a beta of 1.82.

AerCap (NYSE:AER) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, hitting analysts’ consensus estimates of $2.41. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter last year, the company earned $2.81 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, equities research analysts anticipate that AerCap Holdings will post 11.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on AER. Deutsche Bank Aktiengesellschaft upped their target price on shares of AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $119.00 target price on shares of AerCap in a research note on Thursday, November 21st. One research 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.com, the company presently has an average rating of “Moderate Buy” and an average target price of $112.00.

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.