Sumitomo Mitsui DS Asset Management Company Ltd decreased its position in Aercap Holdings N.V. (NYSE:AER – Free Report) by 0.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,941 shares of the financial services provider’s stock after selling 174 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Aercap were worth $2,216,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of AER. 59 North Capital Management LP raised its position in shares of Aercap by 40.6% in 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 period. Dorsey Asset Management LLC bought a new stake in Aercap in the 1st quarter valued at $116,325,000. JPMorgan Chase & Co. increased its holdings in Aercap by 43.7% in the 1st quarter. JPMorgan Chase & Co. now owns 2,298,552 shares of the financial services provider’s stock valued at $234,843,000 after buying an additional 699,520 shares during the period. Nuveen LLC bought a new stake in Aercap in the 1st quarter valued at $54,951,000. Finally, MBB Public Markets I LLC bought a new stake in Aercap in the 1st quarter valued at $52,794,000. Institutional investors own 96.42% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on AER shares. Barclays boosted their target price on shares of Aercap from $115.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Susquehanna boosted their target price 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. Finally, Morgan Stanley boosted their target price on shares of Aercap from $111.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, July 17th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Aercap currently has an average rating of “Moderate Buy” and a consensus target price of $122.57.
Aercap Stock Down 0.9%
Shares of NYSE AER opened at $120.15 on Monday. The firm’s 50-day simple moving average is $116.41 and its 200 day simple moving average is $110.44. The company has a market cap of $22.44 billion, a price-to-earnings ratio of 7.47, a price-to-earnings-growth ratio of 2.41 and a beta of 1.46. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 2.57. Aercap Holdings N.V. has a 12-month low of $85.57 and a 12-month 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.08. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $2.03 billion. Aercap had a net margin of 36.93% and a return on equity of 13.13%. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.01 EPS. Aercap has set its FY 2025 guidance at 11.600-11.600 EPS. On average, research analysts expect that Aercap Holdings N.V. will post 11.29 earnings per share for the current fiscal year.
Aercap Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Wednesday, August 13th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, August 13th. Aercap’s payout ratio is currently 6.72%.
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.
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