AerCap Holdings (NYSE:AER) Shares Acquired by abrdn plc

abrdn plc lifted its position in shares of AerCap Holdings (NYSE:AER) by 46.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 143,100 shares of the financial services provider’s stock after acquiring an additional 45,118 shares during the quarter. abrdn plc owned 0.07% of AerCap worth $10,635,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Desjardins Global Asset Management Inc. increased its stake in shares of AerCap by 281.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 25,957 shares of the financial services provider’s stock worth $1,929,000 after acquiring an additional 19,152 shares during the period. Nomura Asset Management Co. Ltd. grew its position in AerCap by 7.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 46,663 shares of the financial services provider’s stock worth $2,924,000 after buying an additional 3,200 shares during the period. Vanguard Group Inc. grew its position in AerCap by 12.7% during the third quarter. Vanguard Group Inc. now owns 410,518 shares of the financial services provider’s stock worth $25,727,000 after buying an additional 46,404 shares during the period. Cerity Partners LLC acquired a new position in AerCap during the fourth quarter worth about $3,828,000. Finally, Nordea Investment Management AB grew its position in AerCap by 13.2% during the fourth quarter. Nordea Investment Management AB now owns 16,882 shares of the financial services provider’s stock worth $1,257,000 after buying an additional 1,966 shares during the period. 96.42% of the stock is currently owned by institutional investors and hedge funds.

AerCap Stock Up 0.1 %

AER stock opened at $85.18 on Friday. The company’s 50 day simple moving average is $82.84 and its 200-day simple moving average is $74.40. The firm has a market capitalization of $16.86 billion, a PE ratio of 6.02, a P/E/G ratio of 2.74 and a beta of 1.85. AerCap Holdings has a 12 month low of $53.42 and a 12 month high of $88.44. 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 (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.67. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. AerCap had a net margin of 41.37% and a return on equity of 14.92%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.66 earnings per share. Equities analysts expect that AerCap Holdings will post 9.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. BMO Capital Markets lowered their target price on shares of AerCap from $103.00 to $101.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. TD Cowen restated a “buy” rating and set a $85.00 target price on shares of AerCap in a research report on Tuesday, February 27th. Barclays upped their target price on shares of AerCap from $84.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Finally, Susquehanna increased their price target on shares of AerCap from $80.00 to $90.00 and gave the company a “positive” rating in a research report on Monday, February 26th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $87.71.

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.