Korea Investment CORP Purchases 8,767 Shares of AerCap Holdings (NYSE:AER)

Posted by on Jun 5th, 2023

Korea Investment CORP grew its stake in shares of AerCap Holdings (NYSE:AER – Get Rating) by 20.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,533 shares of the financial services provider’s stock after buying an additional 8,767 shares during the period. Korea Investment CORP’s holdings in AerCap were worth $3,005,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Quadrant Capital Group LLC lifted 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 worth $29,000 after purchasing an additional 195 shares in the last quarter. Zions Bancorporation N.A. raised its holdings in shares of AerCap by 473.7% during the 4th quarter. Zions Bancorporation N.A. now owns 763 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 630 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in shares of AerCap during the 4th quarter worth approximately $45,000. Tower Research Capital LLC TRC purchased a new stake in shares of AerCap during the 3rd quarter worth approximately $41,000. Finally, American National Bank raised its holdings in shares of AerCap by 53.2% during the 4th quarter. American National Bank now owns 1,028 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 357 shares in the last quarter. 98.17% of the stock is owned by hedge funds and other institutional investors.

AerCap Price Performance

AER opened at $59.07 on Monday. AerCap Holdings has a 12-month low of $37.20 and a 12-month 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 business’s fifty day simple moving average is $56.07 and its 200-day simple moving average is $58.50. The company has a market capitalization of $14.03 billion, a price-to-earnings ratio of 8.38, a PEG ratio of 1.09 and a beta of 1.99.

AerCap (NYSE:AER – Get Rating) last posted its quarterly earnings results on Tuesday, May 2nd. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.34. AerCap had a return on equity of 14.03% and a net margin of 24.08%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the company earned $2.23 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts anticipate that AerCap Holdings will post 8.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AER. StockNews.com began coverage on AerCap in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Susquehanna cut their target price on AerCap from $75.00 to $70.00 in a research report on Wednesday, May 3rd. TheStreet raised AerCap from a “c” rating to a “b-” rating in a research report on Tuesday, May 2nd. The Goldman Sachs Group assumed coverage on AerCap in a research report on Thursday, March 30th. They issued a “buy” rating and a $74.00 price objective on the stock. Finally, Citigroup assumed coverage on AerCap in a research report on Monday, May 15th. They issued a “buy” rating and a $71.00 price objective on the stock. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $73.40.

About AerCap

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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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