Creative Planning Has $1.03 Million Stake in AerCap Holdings (NYSE:AER)

Posted by on Jun 6th, 2023

Creative Planning grew its holdings in AerCap Holdings (NYSE:AER – Get Rating) by 14.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,689 shares of the financial services provider’s stock after purchasing an additional 2,226 shares during the period. Creative Planning’s holdings in AerCap were worth $1,032,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Quadrant Capital Group LLC increased its holdings in AerCap by 40.5% in the third quarter. Quadrant Capital Group LLC now owns 676 shares of the financial services provider’s stock worth $29,000 after buying an additional 195 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in AerCap in the third quarter worth $41,000. Zions Bancorporation N.A. raised its holdings in AerCap by 473.7% during the fourth quarter. Zions Bancorporation N.A. now owns 763 shares of the financial services provider’s stock valued at $44,000 after buying an additional 630 shares in the last quarter. Belpointe Asset Management LLC bought a new position in AerCap during the fourth quarter valued at about $45,000. Finally, American National Bank boosted its stake 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. Institutional investors and hedge funds own 98.17% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group started coverage on AerCap in a report on Thursday, March 30th. They issued a “buy” rating and a $74.00 target price for the company. Susquehanna decreased their price objective on shares of AerCap from $75.00 to $70.00 in a report on Wednesday, May 3rd. StockNews.com started coverage on shares of AerCap in a report on Thursday, May 18th. They issued a “buy” rating on the stock. Barclays upped their price target on shares of AerCap from $77.00 to $78.00 in a report on Wednesday, May 3rd. Finally, Citigroup started coverage on AerCap in a research note on Monday, May 15th. They issued a “buy” rating and a $71.00 price objective on the stock. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, AerCap currently has an average rating of “Buy” and a consensus target price of $73.40.

AerCap Stock Performance

NYSE AER opened at $57.85 on Tuesday. The company’s fifty day moving average is $56.19 and its two-hundred day moving average is $58.49. AerCap Holdings has a 52-week low of $37.20 and a 52-week high of $66.85. The company has a debt-to-equity ratio of 2.87, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market capitalization of $13.74 billion, a price-to-earnings ratio of 8.21, a P/E/G ratio of 1.09 and a beta of 1.99.

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

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.

Further Reading

Institutional Ownership by Quarter for AerCap (NYSE:AER)

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