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

Townsend & Associates Inc increased its stake in shares of AerCap Holdings (NYSE:AER) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 186,217 shares of the financial services provider’s stock after buying an additional 2,998 shares during the period. AerCap accounts for approximately 1.8% of Townsend & Associates Inc’s holdings, making the stock its 24th biggest holding. Townsend & Associates Inc owned about 0.09% of AerCap worth $17,789,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Toth Financial Advisory Corp acquired a new position in AerCap during the 4th quarter valued at about $29,000. Truvestments Capital LLC acquired a new position in AerCap during the 3rd quarter valued at about $35,000. Fortitude Family Office LLC acquired a new position in AerCap during the 4th quarter valued at about $38,000. Transamerica Financial Advisors Inc. acquired a new position in AerCap during the 3rd quarter valued at about $64,000. Finally, Quantbot Technologies LP acquired a new position in AerCap during the 3rd quarter valued at about $66,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analysts Set New Price Targets

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 analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, AerCap currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.00.

AerCap Stock Performance

Shares of NYSE:AER opened at $101.67 on Friday. The company has a market capitalization of $20.12 billion, a price-to-earnings ratio of 8.06, a P/E/G ratio of 2.31 and a beta of 1.81. The firm’s 50 day simple moving average is $96.59 and its 200 day simple moving average is $95.71. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. AerCap Holdings has a fifty-two week low of $75.96 and a fifty-two week high of $107.36.

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.