Townsend & Associates Inc Has $17.79 Million Stock Holdings in AerCap Holdings (NYSE:AER)

Townsend & Associates Inc lifted its position in AerCap Holdings (NYSE:AER) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186,217 shares of the financial services provider’s stock after acquiring an additional 2,998 shares during the period. AerCap makes up approximately 1.8% of Townsend & Associates Inc’s holdings, making the stock its 24th biggest holding. Townsend & Associates Inc’s holdings in AerCap were worth $17,789,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Franklin Resources Inc. increased its stake in AerCap by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider’s stock worth $545,726,000 after purchasing an additional 282,980 shares in the last quarter. State Street Corp increased its stake in AerCap by 8.3% during the 3rd quarter. State Street Corp now owns 4,862,517 shares of the financial services provider’s stock worth $460,579,000 after purchasing an additional 370,906 shares in the last quarter. Donald Smith & CO. Inc. increased its stake in AerCap by 0.7% during the 3rd quarter. Donald Smith & CO. Inc. now owns 3,525,307 shares of the financial services provider’s stock worth $333,917,000 after purchasing an additional 23,994 shares in the last quarter. Ninety One UK Ltd increased its stake in AerCap by 7.0% during the 4th quarter. Ninety One UK Ltd now owns 2,550,350 shares of the financial services provider’s stock worth $244,068,000 after purchasing an additional 167,830 shares in the last quarter. Finally, FMR LLC increased its stake in AerCap by 1.3% during the 3rd quarter. FMR LLC now owns 1,737,476 shares of the financial services provider’s stock worth $164,574,000 after purchasing an additional 22,346 shares in the last quarter. 96.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

AerCap Price Performance

Shares of AER opened at $101.67 on Friday. The stock has a market capitalization of $20.12 billion, a P/E ratio of 8.06, a P/E/G ratio of 2.31 and a beta of 1.81. AerCap Holdings has a twelve month low of $75.96 and a twelve month high of $107.36. The company has a 50 day moving average of $96.59 and a 200-day moving average of $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.

About AerCap

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.