Thrivent Financial for Lutherans Increases Stock Position in Aercap Holdings N.V. $AER

Thrivent Financial for Lutherans raised its stake in shares of Aercap Holdings N.V. (NYSE:AER) by 1,195.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 380,278 shares of the financial services provider’s stock after acquiring an additional 350,932 shares during the period. Thrivent Financial for Lutherans owned approximately 0.20% of Aercap worth $46,014,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Independent Advisor Alliance lifted its holdings in Aercap by 16.5% in the third quarter. Independent Advisor Alliance now owns 2,821 shares of the financial services provider’s stock valued at $341,000 after acquiring an additional 400 shares during the period. National Pension Service lifted its stake in shares of Aercap by 11.1% in the third quarter. National Pension Service now owns 625,758 shares of the financial services provider’s stock valued at $75,717,000 after purchasing an additional 62,479 shares during the period. AustralianSuper Pty Ltd boosted its holdings in Aercap by 185.0% during the third quarter. AustralianSuper Pty Ltd now owns 636,906 shares of the financial services provider’s stock worth $77,066,000 after buying an additional 413,428 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Aercap by 1.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,518 shares of the financial services provider’s stock worth $2,483,000 after buying an additional 240 shares during the period. Finally, Bensler LLC increased its holdings in Aercap by 4.0% in the third quarter. Bensler LLC now owns 40,846 shares of the financial services provider’s stock valued at $4,942,000 after buying an additional 1,579 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

Aercap Stock Up 1.1%

Shares of NYSE:AER opened at $145.23 on Tuesday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.43. The firm has a market cap of $27.13 billion, a price-to-earnings ratio of 6.88, a PEG ratio of 0.74 and a beta of 1.05. The stock’s 50-day moving average price is $142.11 and its two-hundred day moving average price is $128.79. Aercap Holdings N.V. has a 12-month low of $85.57 and a 12-month high of $149.24.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AER shares. TD Cowen restated a “buy” rating on shares of Aercap in a research report on Thursday, October 30th. Bank of America raised their target price on shares of Aercap from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Susquehanna upped their price target on shares of Aercap from $134.00 to $157.00 and gave the company a “positive” rating in a report on Tuesday, November 11th. Morgan Stanley raised their price objective on shares of Aercap from $120.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 11th. Finally, Truist Financial began coverage on Aercap in a research note on Tuesday, December 9th. They issued a “buy” rating and a $159.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $148.86.

About Aercap

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.