Aercap Holdings N.V. (NYSE:AER) Sees Large Decline in Short Interest

Aercap Holdings N.V. (NYSE:AER) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 2,352,152 shares, a decrease of 23.6% from the December 31st total of 3,078,450 shares. Based on an average daily trading volume, of 1,060,531 shares, the short-interest ratio is presently 2.2 days. Approximately 1.3% of the shares of the company are sold short. Approximately 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 1,060,531 shares, the short-interest ratio is presently 2.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. grew its holdings in Aercap by 13.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 135,992 shares of the financial services provider’s stock valued at $16,455,000 after purchasing an additional 16,611 shares during the period. ARGA Investment Management LP raised its stake in Aercap by 210.8% during the third quarter. ARGA Investment Management LP now owns 31,140 shares of the financial services provider’s stock worth $3,768,000 after purchasing an additional 21,120 shares during the period. Alberta Investment Management Corp acquired a new position in shares of Aercap in the 2nd quarter valued at $1,849,000. Assenagon Asset Management S.A. grew its stake in shares of Aercap by 40.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,361,448 shares of the financial services provider’s stock valued at $164,735,000 after buying an additional 390,475 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Aercap by 7.8% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 309,714 shares of the financial services provider’s stock worth $37,475,000 after buying an additional 22,438 shares during the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Aercap Price Performance

Shares of NYSE AER traded down $1.68 during trading on Tuesday, hitting $143.64. 1,220,577 shares of the company were exchanged, compared to its average volume of 962,142. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.30 and a quick ratio of 0.30. Aercap has a 1 year low of $85.57 and a 1 year high of $149.24. The company has a market cap of $26.83 billion, a price-to-earnings ratio of 6.80, a PEG ratio of 0.75 and a beta of 1.05. The firm’s fifty day moving average price is $142.34 and its 200 day moving average price is $129.02.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Barclays upped their price objective on Aercap from $144.00 to $162.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Susquehanna upped their price target on Aercap from $134.00 to $157.00 and gave the stock a “positive” rating in a research note on Tuesday, November 11th. Zacks Research downgraded Aercap from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Truist Financial initiated coverage on shares of Aercap in a research note on Tuesday, December 9th. They issued a “buy” rating and a $159.00 price objective on the stock. Finally, Bank of America upped their price objective on shares of Aercap from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Aercap has an average rating of “Moderate Buy” and a consensus target price of $148.86.

About Aercap

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.