Forsta AP Fonden Reduces Stake in AerCap Holdings (NYSE:AER)

On October 31, 2024, it was reported that Forsta AP Fonden has decreased its stake in AerCap Holdings (NYSE:AER) by 35.7% during the third quarter. According to a recent filing with the Securities and Exchange Commission (SEC), the institutional investor now holds 18,200 shares of AerCap after selling 10,100 shares in the last quarter. As of the latest filing, Forsta AP Fonden's holdings in AerCap are valued at approximately $1,724,000.

Moreover, other hedge funds have adjusted their positions in AerCap as well. For instance, Blue Trust Inc. increased its holdings by 89.9% during the second quarter, acquiring 283 shares, which are currently valued at $25,000 after purchasing an additional 134 shares. Similarly, Mather Group LLC boosted its stake by 230.1% in the same quarter, now owning 307 shares worth $27,000 following an additional acquisition of 214 shares.

UMB Bank n.a. also increased its position by 35.5% in the third quarter, now owning 664 shares valued at $63,000 after adding 174 shares to its portfolio. Furthermore, Federated Hermes Inc. raised its stake by 209.1% during the second quarter, resulting in ownership of 1,567 shares currently valued at $146,000 after buying an extra 1,060 shares. Lastly, Headlands Technologies LLC entered a new stake in AerCap during the first quarter of 2024, valued at about $185,000. Notably, institutional investors collectively own 96.42% of the stock.

New Analyst Price Targets

Several research firms have recently revised their price targets for AerCap. Barclays increased its target from $111.00 to $113.00 and assigned an “overweight” rating on August 2nd. Deutsche Bank also raised its target from $110.00 to $115.00 and labeled the stock as a “buy” on October 22nd. In addition, TD Cowen reaffirmed a “buy” rating with a price target of $125.00 on July 29th. Susquehanna also adjusted their price goal from $100.00 to $108.00, giving AerCap a “positive” rating. Currently, one investment analyst rates the stock as a hold while six others recommend it as a buy. According to MarketBeat data, AerCap holds an average rating of “Moderate Buy” with a consensus target price of $106.43.

AerCap Holdings Stock Performance

AerCap's stock opened at $93.87 recently. The company has experienced a 52-week low of $60.52 and a high of $99.30. Currently, AerCap boasts a market capitalization of $18.58 billion, with a price-to-earnings (P/E) ratio of 6.14 and a price-to-earnings-growth (PEG) ratio of 2.13. The firm's beta is at 1.83. For moving averages, the company has a fifty-day average of $94.85 and a two-hundred-day average of $92.48. Its financial ratios indicate a quick ratio and current ratio of 0.29, and a debt-to-equity ratio of 2.69.

AerCap released its quarterly earnings results on August 1st, reporting an earnings per share (EPS) of $3.01 for the quarter, exceeding the consensus estimate of $2.41 by $0.60. The company’s revenue totaled $1.96 billion, surpassing analyst expectations of $1.89 billion. AerCap registered a return on equity of 15.12% alongside a net margin of 42.02%. The revenue displayed a 1.8% increase year-over-year, with the previous year's EPS being $2.56. Analysts project that AerCap will report earnings of $11.33 per share for the current fiscal year.

About AerCap Holdings

AerCap Holdings N.V. is engaged in leasing, financing, selling, and managing commercial aircraft globally, including regions such as China, Hong Kong, Macau, the United States, Ireland, and beyond. The company provides aircraft asset management services, which encompass remarketing aircraft and engines, managing rental and maintenance payments, overseeing aircraft upkeep, ensuring contract compliance, and facilitating the delivery and return of aircraft and engines. Furthermore, AerCap performs ongoing financial performance reviews of its lessees.

Forsta, AerCap, Investors