AerCap Holdings, a financial services provider specializing in the lease, financing, sale, and management of commercial flight equipment, has recently experienced a decrease in holdings by Wedge Capital Management L.L.P. NC. According to a Form 13F filing with the Securities & Exchange Commission, Wedge Capital reduced its holdings in AerCap by 35.3% during the second quarter of this year.
As of its most recent filing with the Securities & Exchange Commission, Wedge Capital held 92,509 shares of AerCap’s stock after selling 50,582 shares during the quarter. This reduction in holdings amounted to a total value of $5,876,000 for Wedge Capital.
AerCap released its quarterly earnings data on July 31st and reported earnings per share of $2.56 for the quarter. This exceeded analysts’ consensus estimates of $2.12 by $0.44. The company also achieved a return on equity of 14.57% and a net margin of 25.33%. With revenue reaching $1.72 billion for the quarter compared to analysts’ expectations of $1.83 billion, AerCap’s quarterly revenue demonstrated a growth rate of 9.8% year-over-year.
In the same period last year, AerCap earned $1.91 EPS, indicating significant improvement in their financial performance this year. Analysts anticipate that for the current year, AerCap Holdings will post an EPS (earnings per share) figure of approximately 9.79.
AerCap Holdings N.V operates globally and engages in various aviation-related services such as remarketing aircraft and engines, collecting rental and maintenance rent payments from lessees, monitoring aircraft maintenance and contract compliance as well as accepting delivery and redelivery of aircraft and engines. Additionally,AerCap conducts ongoing financial performance reviews to ensure proper management and operation within its leasing agreements.
With its involvement in leasing, financing, sales, and management of commercial flight equipment across several regions including China, Hong Kong, Macau, the United States, and Ireland, AerCap Holdings holds a prominent position in the aviation industry. The recent fluctuation in holdings by Wedge Capital Management L.L.P. NC sparks interest and will be keenly observed among investors.
As we move further into the year 2023, the financial performance of AerCap Holdings will continue to be monitored by analysts and investors alike. The company’s ability to navigate changing market conditions and sustain its growth trajectory will play a significant role in shaping investor confidence in the coming months.
Wheaton Precious Metals Corp.
Updated on: 03/12/2023
Debt to equity ratio: Neutral
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
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AerCap Holdings Garners Attention from Institutional Investors and Hedge Funds as Positive Growth Prospects Drive Acquisitions
AerCap Holdings, a leading aircraft leasing company, has recently garnered the attention of institutional investors and hedge funds. Cambridge Investment Research Advisors Inc., 180 Wealth Advisors LLC, Worth Asset Management LLC, Nordea Investment Management AB, and Macquarie Group Ltd. have all acquired positions in AerCap during the second quarter of this year.
Cambridge Investment Research Advisors Inc. purchased a new position in AerCap valued at $599,000, while 180 Wealth Advisors LLC invested $707,000. Worth Asset Management LLC made a smaller investment of $42,000. Nordea Investment Management AB increased its stake by 6.7% during the second quarter and now owns 15,092 shares worth approximately $946,000. Macquarie Group Ltd., on the other hand, saw a significant increase of 28.5% in its position during the first quarter and currently holds 12,271 shares valued at $690,000.
Hedge funds and other institutional investors collectively own 92.00% of AerCap’s stock, reflecting their confidence in the company’s potential for growth and profitability.
As of Tuesday’s opening trade on the New York Stock Exchange (NYSE), AerCap’s shares were trading at $62.90. The company boasts a market capitalization of $14.62 billion with a price-to-earnings ratio of 8.10 and a beta of 1.99. Moreover, AerCap has a debt-to-equity ratio of 2.82 and both quick ratio and current ratio stand at 0.28.
Over the past few months, several research reports have been published about AerCap’s prospects. The Goldman Sachs Group raised their price target for the stock from $75 to $86 and provided it with a “buy” rating in their analysis released on August 1st this year.
TD Cowen also expressed optimism about AerCap’s future performance, increasing their price target from $80 to $90 and giving the stock an “outperform” rating. In addition, StockNews.com initiated coverage on AerCap in August and recommended a “buy” rating for the company’s shares.
Susquehanna also remains positive about AerCap, raising their price target from $70 to $80 and categorizing the stock as “positive.” Furthermore, JPMorgan Chase & Co. lifted their price target from $74 to $77 in their analysis published on June 8th.
According to Bloomberg.com, six analysts have assigned a buy rating to AerCap’s stock. With these positive assessments, the consensus rating for the stock is currently deemed as “Buy,” with an average price target of $80.33.
In conclusion, AerCap Holdings has attracted significant attention from institutional investors and hedge funds due to its potential for growth and profitability in the aircraft leasing industry. The recent acquisitions by various investment firms indicate their confidence in the company’s future prospects. With positive research reports contributing to a consensus “Buy” rating, it seems that AerCap is well-positioned for success in the market moving forward.
*Note: The reference date provided is September 26, 2023; however, please ensure that you update it accordingly before publishing as per your requirements or current date.