High Ground Investment Management LLP Invests $90.57 Million in Aercap Holdings N.V. $AER

High Ground Investment Management LLP bought a new position in Aercap Holdings N.V. (NYSE:AER) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 748,519 shares of the financial services provider’s stock, valued at approximately $90,571,000. Aercap makes up about 15.0% of High Ground Investment Management LLP’s investment portfolio, making the stock its 4th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the business. Integrated Wealth Concepts LLC lifted its holdings in shares of Aercap by 19.0% during the first quarter. Integrated Wealth Concepts LLC now owns 2,649 shares of the financial services provider’s stock valued at $271,000 after purchasing an additional 423 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Aercap by 282.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,659 shares of the financial services provider’s stock worth $680,000 after acquiring an additional 4,919 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Aercap by 26.6% during the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 94 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Aercap by 84.4% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,278 shares of the financial services provider’s stock valued at $2,373,000 after purchasing an additional 9,282 shares during the period. Finally, SteelPeak Wealth LLC purchased a new stake in Aercap in the second quarter worth approximately $2,413,000. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Barclays boosted their target price on shares of Aercap from $144.00 to $162.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Morgan Stanley upped their price objective on Aercap from $120.00 to $150.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 11th. TD Cowen reissued a “buy” rating on shares of Aercap in a research report on Thursday, October 30th. Bank of America boosted their price target on Aercap from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Finally, Truist Financial started 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. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $148.86.

Aercap Stock Down 0.4%

AER stock opened at $143.08 on Thursday. The business’s 50-day moving average price is $142.54 and its 200-day moving average price is $129.11. The stock has a market cap of $26.72 billion, a P/E ratio of 6.78, a PEG ratio of 0.74 and a beta of 1.05. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.43. Aercap Holdings N.V. has a twelve month low of $85.57 and a twelve month high of $149.24.

Aercap Profile

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.