abrdn plc Has $15.65 Million Stock Holdings in AerCap Holdings (NYSE:AER)

abrdn plc increased its stake in shares of AerCap Holdings (NYSE:AER - Free Report) by 124.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,274 shares of the financial services provider's stock after buying an additional 89,831 shares during the quarter. abrdn plc owned about 0.08% of AerCap worth $15,647,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. grew its position in AerCap by 59.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 17,875 shares of the financial services provider's stock worth $1,686,000 after buying an additional 6,654 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in AerCap by 2.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,077 shares of the financial services provider's stock worth $1,807,000 after buying an additional 451 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in AerCap by 66.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 279,803 shares of the financial services provider's stock worth $26,503,000 after buying an additional 112,084 shares in the last quarter. KBC Group NV boosted its holdings in shares of AerCap by 18.7% in the 3rd quarter. KBC Group NV now owns 350,888 shares of the financial services provider's stock valued at $33,236,000 after purchasing an additional 55,213 shares in the last quarter. Finally, Summit Global Investments bought a new position in shares of AerCap in the 3rd quarter valued at $667,000. Institutional investors and hedge funds own 96.42% of the company's stock.

Analyst Upgrades and Downgrades

AER has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on AerCap from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group reiterated a "buy" rating and issued a $119.00 price target on shares of AerCap in a research note on Thursday, November 21st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $112.00.

AerCap Price Performance

Shares of NYSE AER traded down $0.47 during mid-day trading on Monday, hitting $97.29. 221,183 shares of the stock traded hands, compared to its average volume of 972,933. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. AerCap Holdings has a twelve month low of $75.83 and a twelve month high of $100.81. The company has a market cap of $19.26 billion, a PE ratio of 7.71, a price-to-earnings-growth ratio of 2.13 and a beta of 1.81. The firm has a 50 day simple moving average of $95.70 and a two-hundred day simple moving average of $95.07.

About AerCap

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.