AerCap Holdings N.V. (NYSE: AER) stock jumped 2.05% on Monday to $63.61 against a previous-day closing price of $62.33. With 2.31 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.26 million shares. During the session, the Rental & Leasing Services company that operates in wider Industrials sector, reached to the highest price of $64.21 whereas the lowest price it dropped to was $62.32. The 52-week range on AER shows that it touched its highest point at $69.50 and its lowest point at $39.73 during that stretch. It currently has a 1-year price target of $79.88. Beta for the stock currently stands at 1.99.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AER was up-trending over the past week, with a rise of 2.95%, but this was up by 4.92% over a month. Three-month performance surged to 3.94% while six-month performance rose 25.39%. The stock gained 37.15% in the past year, while it has gained 9.07% so far this year. A look at the trailing 12-month EPS for AER yields 7.77 with Next year EPS estimates of 9.87. For the next quarter, that number is 2.36. This implies an EPS growth rate of -145.00% for this year and 1.71% for next year. EPS is expected to grow by 5.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -19.70%.
Float and Shares Shorts:
At present, 231.32 million AER shares are outstanding with a float of 225.14 million shares on hand for trading. On Aug 30, 2023, short shares totaled 2.56 million, which was 1.10% higher than short shares on Jul 30, 2023. In addition to Mr. Aengus Kelly as the firm’s CEO & Exec. Director, Mr. Peter L. Juhas serves as its Chief Financial Officer.
Through their ownership of 98.09% of AER’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 34.75% of AER, in contrast to 25.15% held by mutual funds. Shares owned by individuals account for 2.41%. As the largest shareholder in AER with 7.74% of the stake, Wellington Management Co. LLP holds 19,126,741 shares worth 19,126,741. A second-largest stockholder of AER, Allspring Global Investments LLC, holds 8,537,964 shares, controlling over 3.46% of the firm’s shares. Eagle Capital Management LLC is the third largest shareholder in AER, holding 8,095,719 shares or 3.28% stake. With a 2.66% stake in AER, the Allspring Special Mid Cap Value F is the largest stakeholder. A total of 6,581,300 shares are owned by the mutual fund manager. The Vanguard Selected Value Fund, which owns about 1.42% of AER stock, is the second-largest Mutual Fund holder. It holds 3,504,801 shares valued at 215.62 million. Touchstone Funds Group Trust – Mi holds 1.20% of the stake in AER, owning 2,972,881 shares worth 182.89 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, AER reported revenue of $1.63B and operating income of $352.52M. The EBITDA in the recently reported quarter was $967.68M and diluted EPS was $1.40.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AER since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AER analysts setting a high price target of $90.00 and a low target of $75.00, the average target price over the next 12 months is $79.56. Based on these targets, AER could surge 41.49% to reach the target high and rise by 17.91% to reach the target low. Reaching the average price target will result in a growth of 25.07% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded AER stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.