OLD National Bancorp IN Makes New $202,000 Investment in AerCap Holdings (NYSE:AER)

OLD National Bancorp IN bought a new position in shares of AerCap Holdings (NYSE:AER) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,716 shares of the financial services provider’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Handelsbanken Fonder AB boosted its position in AerCap by 20.4% during the fourth quarter. Handelsbanken Fonder AB now owns 75,100 shares of the financial services provider’s stock worth $5,581,000 after purchasing an additional 12,715 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of AerCap by 2,787.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 415,254 shares of the financial services provider’s stock valued at $30,862,000 after acquiring an additional 400,872 shares during the period. Signaturefd LLC boosted its position in shares of AerCap by 3.3% in the fourth quarter. Signaturefd LLC now owns 4,338 shares of the financial services provider’s stock valued at $322,000 after acquiring an additional 137 shares during the period. abrdn plc boosted its position in shares of AerCap by 46.0% in the fourth quarter. abrdn plc now owns 143,100 shares of the financial services provider’s stock valued at $10,635,000 after acquiring an additional 45,118 shares during the period. Finally, Resonant Capital Advisors LLC bought a new position in shares of AerCap in the fourth quarter valued at approximately $206,000. Institutional investors own 96.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. TD Cowen restated a “buy” rating and issued a $85.00 price objective on shares of AerCap in a research report on Tuesday, February 27th. Susquehanna raised their price objective 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. Barclays raised their price objective on shares of AerCap from $84.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, February 26th. Finally, BMO Capital Markets dropped their target price on shares of AerCap from $103.00 to $101.00 and set an “outperform” rating for the company in a research report on Monday, February 26th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, AerCap has a consensus rating of “Buy” and an average target price of $87.71.

AerCap Trading Up 0.3 %

Shares of AerCap stock opened at $85.47 on Friday. The firm has a market cap of $16.92 billion, a PE ratio of 6.04, a PEG ratio of 2.71 and a beta of 1.85. AerCap Holdings has a 1 year low of $53.42 and a 1 year high of $88.44. The company has a 50 day simple moving average of $82.96 and a two-hundred day simple moving average of $74.47. 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 posted its quarterly earnings results on Friday, February 23rd. The financial services provider reported $3.11 EPS for the quarter, topping the consensus estimate of $2.44 by $0.67. The firm 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 business’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm posted $2.66 earnings per share. Analysts expect that AerCap Holdings will post 9.88 earnings per share for the current fiscal year.

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.