abrdn plc Trims Holdings in AerCap Holdings (NYSE:AER)

Posted by on May 24th, 2023

abrdn plc cut its position in shares of AerCap Holdings (NYSE:AER – Get Rating) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,529 shares of the financial services provider’s stock after selling 953 shares during the quarter. abrdn plc’s holdings in AerCap were worth $3,180,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AER. Quadrant Capital Group LLC grew its holdings in AerCap by 40.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 676 shares of the financial services provider’s stock valued at $29,000 after buying an additional 195 shares during the period. Belpointe Asset Management LLC acquired a new stake in shares of AerCap during the 4th quarter worth $45,000. Tower Research Capital LLC TRC purchased a new position in shares of AerCap in the 3rd quarter worth $41,000. American National Bank boosted its holdings in AerCap by 53.2% in the fourth quarter. American National Bank now owns 1,028 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 357 shares during the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new stake in AerCap during the 3rd quarter worth approximately $65,000. 98.17% of the stock is currently owned by institutional investors and hedge funds.

AerCap Price Performance

Shares of AER opened at $58.91 on Wednesday. AerCap Holdings has a 52 week low of $37.20 and a 52 week high of $66.85. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 2.87. The firm has a market cap of $13.99 billion, a price-to-earnings ratio of 8.36, a PEG ratio of 1.08 and a beta of 2.00. The stock has a 50 day moving average of $55.11 and a 200-day moving average of $58.50.

AerCap (NYSE:AER – Get Rating) last released its quarterly earnings data on Tuesday, May 2nd. The financial services provider reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.34. AerCap had a net margin of 24.08% and a return on equity of 14.03%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the company posted $2.23 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. As a group, analysts forecast that AerCap Holdings will post 8.72 EPS for the current year.

Analysts Set New Price Targets

AER has been the subject of several recent research reports. The Goldman Sachs Group assumed coverage on AerCap in a report on Thursday, March 30th. They issued a “buy” rating and a $74.00 price target for the company. Barclays boosted their price target on AerCap from $77.00 to $78.00 in a research report on Wednesday, May 3rd. Susquehanna lowered their price objective on shares of AerCap from $75.00 to $70.00 in a research report on Wednesday, May 3rd. StockNews.com began coverage on shares of AerCap in a research note on Thursday, May 18th. They issued a “buy” rating for the company. Finally, Citigroup initiated coverage on shares of AerCap in a research note on Monday, May 15th. They set a “buy” rating and a $71.00 price target on the stock. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AerCap has an average rating of “Buy” and a consensus price target of $72.00.

AerCap Profile

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AerCap Holdings NV engages in the leasing, financing, sales, and management of commercial flight equipment. The company was founded in 1995 and is headquartered in Dublin, Ireland.

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Institutional Ownership by Quarter for AerCap (NYSE:AER)

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