Voya Investment Management LLC lessened its holdings in shares of Aercap Holdings N.V. (NYSE:AER – Free Report) by 6.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,274 shares of the financial services provider’s stock after selling 2,457 shares during the period. Voya Investment Management LLC’s holdings in Aercap were worth $3,706,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of AER. 59 North Capital Management LP grew its holdings in shares of Aercap by 40.6% during the first quarter. 59 North Capital Management LP now owns 5,209,534 shares of the financial services provider’s stock valued at $532,258,000 after purchasing an additional 1,504,620 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Aercap by 22.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,608,099 shares of the financial services provider’s stock valued at $249,595,000 after purchasing an additional 485,999 shares during the period. JPMorgan Chase & Co. grew its stake in Aercap by 43.7% during the 1st quarter. JPMorgan Chase & Co. now owns 2,298,552 shares of the financial services provider’s stock worth $234,843,000 after buying an additional 699,520 shares during the last quarter. Ameriprise Financial Inc. increased its position in Aercap by 1.9% in the first quarter. Ameriprise Financial Inc. now owns 1,950,255 shares of the financial services provider’s stock worth $200,278,000 after buying an additional 36,398 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in Aercap by 2.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,814,146 shares of the financial services provider’s stock valued at $185,352,000 after buying an additional 49,537 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have recently commented on the stock. Barclays upped their price target on shares of Aercap from $115.00 to $131.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Morgan Stanley upped their target price on shares of Aercap from $111.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 17th. Finally, Susquehanna raised their price target on shares of Aercap from $130.00 to $134.00 and gave the company a “positive” rating in a research note on Wednesday, August 13th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Aercap has a consensus rating of “Moderate Buy” and a consensus price target of $122.57.
Aercap Stock Performance
Shares of AER opened at $120.15 on Friday. The company has a 50-day moving average of $116.41 and a two-hundred day moving average of $110.32. The stock has a market cap of $22.44 billion, a price-to-earnings ratio of 7.47, a PEG ratio of 2.43 and a beta of 1.46. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.44 and a quick ratio of 0.44. Aercap Holdings N.V. has a one year low of $85.57 and a one year high of $125.45.
Aercap (NYSE:AER – Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $2.83 EPS for the quarter, beating the consensus estimate of $2.75 by $0.08. Aercap had a net margin of 36.93% and a return on equity of 13.13%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the firm earned $3.01 EPS. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. Aercap has set its FY 2025 guidance at 11.600-11.600 EPS. On average, equities research analysts expect that Aercap Holdings N.V. will post 11.29 earnings per share for the current year.
Aercap Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Wednesday, August 13th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, August 13th. Aercap’s dividend payout ratio (DPR) is 6.72%.
Aercap Profile
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.
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