On September 22, 2023, it was reported that Macquarie Group Ltd. had increased its stake in AerCap Holdings (NYSE:AER), a financial services provider specializing in the leasing, financing, sale, and management of commercial flight equipment. According to their most recent disclosure with the Securities and Exchange Commission (SEC), Macquarie Group Ltd. now owns 12,271 shares of AerCap’s stock, representing a 28.5% increase from the previous quarter. The additional 2,720 shares acquired during the period brings Macquarie Group Ltd.’s holdings in AerCap to a total value of $690,000 at the end of the first quarter.
AerCap recently released its quarterly earnings data on July 31st. This report revealed that for the quarter, the company generated $2.56 earnings per share (EPS), exceeding analysts’ consensus estimates by $0.44. In terms of revenue, AerCap reported $1.72 billion for the quarter compared to a consensus estimate of $1.83 billion. These figures indicate a year-over-year increase in quarterly revenue by 9.8%. Additionally, AerCap showcased a return on equity of 14.57% and a net margin of 25.33%. In the same period last year, the company earned $1.91 EPS.
As part of its operations, AerCap engages in leasing, financing, selling, and managing commercial flight equipment not only domestically but also internationally in China, Hong Kong, Macau, Ireland, and other countries around the world. The company provides aircraft asset management services that encompass various activities such as remarketing aircraft and engines; collecting rental and maintenance rent payments; monitoring aircraft maintenance; enforcing contract compliance; accepting delivery and redelivery of aircraft and engines; as well as conducting ongoing lessee financial performance reviews.
Looking ahead to future prospects for AerCap Holdings,N.V., research analysts forecast that the company will post 9.79 earnings per share for the current year. This projection reflects positive expectations for the financial performance of AerCap and suggests continued growth in earnings.
In conclusion, Macquarie Group Ltd.’s increased stake in AerCap Holdings reinforces their confidence in the company’s potential. With its strong quarterly earnings report and promising outlook, AerCap’s expertise in commercial flight equipment leasing and management positions it well within a competitive market as it continues to serve clients globally.
AerCap Holdings N.V.
Updated on: 05/12/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Buy
Price to book ratio: Buy
DCF: Strong Buy
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Growing Interest in AerCap as Hedge Funds and Institutional Investors Increase Their Stakes
AerCap Holdings, a leading aircraft leasing company, has seen increased interest from various hedge funds and institutional investors in recent months. Commonwealth of Pennsylvania Public School Empls Retrmt SYS, for instance, raised its position in AerCap by 0.9% during the fourth quarter of the previous year. The institution now owns over 21,000 shares of AerCap’s stock.
Similarly, Factorial Partners LLC and Sequoia Financial Advisors LLC have also boosted their stakes in AerCap. Factorial Partners increased its stake by 1% during the first quarter, owning over 20,000 shares of the financial services provider’s stock. Sequoia Financial Advisors followed suit with a 3.8% increase in its position.
Inspire Advisors LLC and Baystate Wealth Management LLC are among other institutions that have also added to their holdings in AerCap lately. Inspire Advisors increased its position by 5.9%, while Baystate Wealth Management raised its stake by 5.9% as well.
These moves indicate growing confidence in AerCap’s prospects within the financial industry. Currently, approximately 92% of the company’s stock is owned by hedge funds and other institutional investors.
As for AerCap’s market performance, the stock opened at $63.06 on Friday. The company has experienced a range between $39.73 and $69.50 in the past year.
AerCap boasts a favorable liquidity profile with a quick ratio and current ratio of 0.28 each. Additionally, it maintains a debt-to-equity ratio of 2.82.
With a market capitalization of $14.60 billion and a price-to-earnings (P/E) ratio of 8.12, AerCap remains an attractive option for investors looking for potentially undervalued stocks with strong growth potential compared to industry peers.
The fifty-day moving average stands at $62.81 while the two-hundred-day moving average is $59.42, indicating steady performance over a significant period.
Financial analysts have issued several research reports on AerCap, providing valuable insights into the stock prospects. JPMorgan Chase & Co., for example, increased its target price from $74.00 to $77.00 in early June. The Goldman Sachs Group also raised its target price from $75.00 to $86.00 and gave AerCap a “buy” rating in August.
TD Cowen further supported this positive sentiment by raising the price target from $80.00 to $90.00 and labeling the company as “outperform.” Additionally, StockNews.com initiated coverage on AerCap with a “buy” rating.
According to Bloomberg, six research analysts currently rate AerCap as a “buy,” reflecting a consensus that the stock presents an attractive investment opportunity within the industry. The consensus price target for AerCap is set at $80.33.
As investors continue to evaluate their options in the financial market, keeping an eye on stocks like AerCap can provide a unique perspective on potential growth opportunities and help diversify investment portfolios effectively.