Donald Smith & CO. Inc. Buys 211,260 Shares of AerCap Holdings (NYSE:AER)

Donald Smith & CO. Inc. raised its stake in shares of AerCap Holdings (NYSE:AER) by 5.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,069,400 shares of the financial services provider’s stock after buying an additional 211,260 shares during the period. AerCap accounts for about 7.8% of Donald Smith & CO. Inc.’s portfolio, making the stock its largest position. Donald Smith & CO. Inc.’s holdings in AerCap were worth $302,438,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in AER. Wellington Management Group LLP grew its stake in shares of AerCap by 9.9% during the third quarter. Wellington Management Group LLP now owns 21,028,200 shares of the financial services provider’s stock valued at $1,317,837,000 after acquiring an additional 1,901,459 shares in the last quarter. 59 North Capital Management LP lifted its holdings in AerCap by 123.7% in the third quarter. 59 North Capital Management LP now owns 2,872,302 shares of the financial services provider’s stock worth $180,007,000 after acquiring an additional 1,588,196 shares during the last quarter. Ninety One UK Ltd raised its holdings in shares of AerCap by 93.0% during the fourth quarter. Ninety One UK Ltd now owns 2,425,602 shares of the financial services provider’s stock valued at $180,271,000 after buying an additional 1,168,628 shares during the last quarter. Soros Fund Management LLC raised its holdings in shares of AerCap by 120.8% during the third quarter. Soros Fund Management LLC now owns 1,857,644 shares of the financial services provider’s stock valued at $116,419,000 after buying an additional 1,016,395 shares during the last quarter. Finally, Goldentree Asset Management LP raised its holdings in shares of AerCap by 105.6% during the third quarter. Goldentree Asset Management LP now owns 1,846,516 shares of the financial services provider’s stock valued at $115,721,000 after buying an additional 948,299 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on AER. BMO Capital Markets dropped their target price on AerCap from $103.00 to $101.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. Susquehanna lifted their price objective on shares of AerCap from $80.00 to $90.00 and gave the stock a “positive” rating in a research report on Monday, February 26th. TD Cowen reiterated a “buy” rating and set a $85.00 price objective on shares of AerCap in a research report on Tuesday, February 27th. Finally, Barclays boosted their price target on shares of AerCap from $84.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, February 26th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, AerCap has an average rating of “Buy” and a consensus target price of $87.71.

AerCap Price Performance

Shares of AER stock traded up $1.23 during trading hours on Monday, reaching $86.72. 1,646,307 shares of the company were exchanged, compared to its average volume of 1,557,523. AerCap Holdings has a fifty-two week low of $53.42 and a fifty-two week high of $88.44. The stock’s fifty day moving average is $83.12 and its two-hundred day moving average is $74.83. The company has a market cap of $17.16 billion, a price-to-earnings ratio of 6.07, a P/E/G ratio of 2.77 and a beta of 1.85. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.33 and a quick ratio of 0.33.

AerCap (NYSE:AER) last announced its quarterly earnings data on Friday, February 23rd. The financial services provider reported $3.11 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.67. AerCap had a net margin of 41.37% and a return on equity of 14.92%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the business posted $2.66 earnings per share. AerCap’s revenue was up 3.8% compared to the same quarter last year. Sell-side analysts forecast that AerCap Holdings will post 9.7 earnings per share for the current fiscal year.

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.