AustralianSuper Pty Ltd Acquires 413,428 Shares of Aercap Holdings N.V. $AER

AustralianSuper Pty Ltd raised its holdings in Aercap Holdings N.V. (NYSE:AER) by 185.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 636,906 shares of the financial services provider’s stock after acquiring an additional 413,428 shares during the quarter. AustralianSuper Pty Ltd owned about 0.34% of Aercap worth $77,066,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Aercap during the 2nd quarter valued at $241,392,000. Mawer Investment Management Ltd. acquired a new stake in shares of Aercap during the second quarter worth $181,377,000. Ninety One UK Ltd increased its holdings in Aercap by 44.8% in the second quarter. Ninety One UK Ltd now owns 2,794,925 shares of the financial services provider’s stock valued at $327,006,000 after purchasing an additional 864,348 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Aercap by 25.0% in the second quarter. JPMorgan Chase & Co. now owns 2,873,872 shares of the financial services provider’s stock valued at $336,243,000 after buying an additional 575,320 shares during the period. Finally, Aberdeen Group plc boosted its holdings in Aercap by 1,570.1% during the second quarter. Aberdeen Group plc now owns 518,770 shares of the financial services provider’s stock worth $60,696,000 after buying an additional 487,708 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

Aercap Stock Performance

Shares of Aercap stock opened at $142.55 on Thursday. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market cap of $26.63 billion, a price-to-earnings ratio of 6.75, a price-to-earnings-growth ratio of 0.74 and a beta of 1.08. The stock’s 50-day moving average is $141.32 and its 200-day moving average is $128.07. Aercap Holdings N.V. has a one year low of $85.57 and a one year high of $149.24.

Aercap (NYSE:AER) last posted its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $4.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.16 by $1.81. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2 billion. Aercap had a return on equity of 15.16% and a net margin of 45.41%.Aercap’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the company earned $2.41 earnings per share. Equities analysts predict that Aercap Holdings N.V. will post 11.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AER shares. Truist Financial assumed coverage on Aercap in a research note on Tuesday, December 9th. They issued a “buy” rating and a $159.00 price target for the company. Weiss Ratings restated a “buy (b+)” rating on shares of Aercap in a report on Wednesday, January 21st. Bank of America upped their target price on shares of Aercap from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Barclays lifted their price target on shares of Aercap from $144.00 to $162.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 6th. Finally, Zacks Research cut shares of Aercap from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $148.86.

Aercap Company Profile

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.