CIBC Asset Management Inc Purchases 2,401 Shares of AerCap Holdings (NYSE:AER)

CIBC Asset Management Inc grew its position in AerCap Holdings (NYSE:AER) by 12.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,546 shares of the financial services provider’s stock after purchasing an additional 2,401 shares during the quarter. CIBC Asset Management Inc’s holdings in AerCap were worth $2,062,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. grew its holdings in AerCap by 59.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 17,875 shares of the financial services provider’s stock valued at $1,686,000 after buying an additional 6,654 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of AerCap by 66.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 279,803 shares of the financial services provider’s stock valued at $26,503,000 after acquiring an additional 112,084 shares in the last quarter. KBC Group NV grew its stake in shares of AerCap by 18.7% in the third quarter. KBC Group NV now owns 350,888 shares of the financial services provider’s stock valued at $33,236,000 after acquiring an additional 55,213 shares in the last quarter. Summit Global Investments bought a new position in AerCap during the third quarter worth about $667,000. Finally, Franklin Resources Inc. raised its stake in AerCap by 5.3% in 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. Institutional investors own 96.42% of the company’s stock.

AerCap Trading Down 3.9 %

AER opened at $101.67 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. AerCap Holdings has a twelve month low of $75.96 and a twelve month high of $107.36. The stock has a market capitalization of $20.12 billion, a price-to-earnings ratio of 8.06, a P/E/G ratio of 2.30 and a beta of 1.81. The company has a 50-day simple moving average of $96.59 and a 200 day simple moving average of $95.67.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group restated a “buy” rating and set a $119.00 target price on shares of AerCap in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $112.00.

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.