abrdn plc Has $824,000 Holdings in AerCap Holdings (NYSE:AER)

abrdn plc cut its stake in shares of AerCap Holdings (NYSE:AERGet Rating) by 47.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,026 shares of the financial services provider’s stock after selling 14,351 shares during the period. abrdn plc’s holdings in AerCap were worth $824,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AER. Parkside Financial Bank & Trust acquired a new stake in AerCap during the fourth quarter worth approximately $26,000. PYA Waltman Capital LLC acquired a new stake in shares of AerCap in the fourth quarter valued at approximately $33,000. CWM LLC acquired a new stake in shares of AerCap in the fourth quarter valued at approximately $43,000. Exchange Traded Concepts LLC raised its position in shares of AerCap by 276.1% in the first quarter. Exchange Traded Concepts LLC now owns 1,493 shares of the financial services provider’s stock valued at $75,000 after buying an additional 1,096 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of AerCap by 54.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,223 shares of the financial services provider’s stock valued at $80,000 after buying an additional 429 shares in the last quarter. 96.32% of the stock is currently owned by institutional investors and hedge funds.

AerCap Price Performance

Shares of NYSE AER opened at $43.07 on Wednesday. The firm’s 50-day moving average price is $42.96 and its 200-day moving average price is $50.38. AerCap Holdings has a 1-year low of $37.20 and a 1-year high of $71.38. The firm has a market capitalization of $10.57 billion, a P/E ratio of -16.31, a P/E/G ratio of 0.64 and a beta of 2.09. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.32.

AerCap (NYSE:AERGet Rating) last announced its quarterly earnings data on Tuesday, May 17th. The financial services provider reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.84. AerCap had a negative net margin of 20.75% and a positive return on equity of 12.47%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the prior year, the business earned $1.93 earnings per share. The business’s quarterly revenue was up 63.5% compared to the same quarter last year. Equities research analysts anticipate that AerCap Holdings will post 6.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on AER. Susquehanna lowered their price objective on shares of AerCap from $75.00 to $70.00 in a research report on Wednesday, May 18th. Susquehanna Bancshares decreased their target price on shares of AerCap from $75.00 to $70.00 in a research note on Wednesday, May 18th. Stephens reduced their price objective on shares of AerCap to $68.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 18th. Barclays reduced their price objective on shares of AerCap from $72.00 to $58.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 13th. Finally, StockNews.com raised shares of AerCap from a “sell” rating to a “hold” rating in a research note on Monday, July 11th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.50.

AerCap Company Profile

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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.

Further Reading

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Institutional Ownership by Quarter for AerCap (NYSE:AER)

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