abrdn plc Has $10.64 Million Position in AerCap Holdings (NYSE:AER)

abrdn plc increased its stake in shares of AerCap Holdings (NYSE:AER) by 46.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 143,100 shares of the financial services provider’s stock after purchasing an additional 45,118 shares during the quarter. abrdn plc’s holdings in AerCap were worth $10,635,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its stake in AerCap by 9.9% in the third quarter. Wellington Management Group LLP now owns 21,028,200 shares of the financial services provider’s stock valued at $1,317,837,000 after acquiring an additional 1,901,459 shares during the last quarter. London Co. of Virginia lifted its stake in AerCap by 5.5% in the third quarter. London Co. of Virginia now owns 4,128,103 shares of the financial services provider’s stock valued at $258,708,000 after acquiring an additional 215,460 shares during the last quarter. 59 North Capital Management LP lifted its stake in AerCap by 123.7% in the third quarter. 59 North Capital Management LP now owns 2,872,302 shares of the financial services provider’s stock valued at $180,007,000 after acquiring an additional 1,588,196 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in AerCap by 0.8% in the third quarter. Thompson Siegel & Walmsley LLC now owns 2,451,108 shares of the financial services provider’s stock valued at $153,611,000 after acquiring an additional 19,500 shares during the last quarter. Finally, Ninety One UK Ltd lifted its stake in AerCap by 93.0% in the fourth quarter. Ninety One UK Ltd now owns 2,425,602 shares of the financial services provider’s stock valued at $180,271,000 after acquiring an additional 1,168,628 shares during the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Barclays lifted their target price on shares of AerCap from $84.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, February 26th. TD Cowen restated a “buy” rating and issued a $85.00 price objective on shares of AerCap in a research note on Tuesday, February 27th. Susquehanna boosted their price objective on shares of AerCap from $80.00 to $90.00 and gave the stock a “positive” rating in a research note on Monday, February 26th. Finally, BMO Capital Markets reduced their price objective on shares of AerCap from $103.00 to $101.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, AerCap currently has an average rating of “Buy” and a consensus target price of $87.71.

AerCap Trading Up 0.1 %

Shares of AER stock opened at $85.18 on Friday. AerCap Holdings has a 1 year low of $53.42 and a 1 year high of $88.44. The firm’s fifty 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 P/E ratio of 6.02, a price-to-earnings-growth ratio of 2.74 and a beta of 1.85. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 2.80.

AerCap (NYSE:AER) last announced its earnings results on Friday, February 23rd. The financial services provider reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.67. AerCap had a net margin of 41.37% and a return on equity of 14.92%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm posted $2.66 earnings per share. AerCap’s revenue was up 3.8% compared to the same quarter last year. As a group, sell-side analysts predict that AerCap Holdings will post 9.88 EPS for the current year.

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.