1832 Asset Management L.P. Sells 2,796 Shares of Aercap Holdings N.V. $AER

Key Points

• 1832 Asset Management L.P. reduced its holdings in Aercap Holdings N.V. by 9.0%, now owning 28,393 shares valued at approximately $2.9 million.
• Aercap announced a quarterly dividend of $0.27 per share, with an annualized yield of 0.9%.
• The company reported $2.83 EPS for the last quarter, exceeding estimates, despite a 3.6% year-over-year decline in revenue.

1832 Asset Management L.P. reduced its holdings in Aercap Holdings N.V. (NYSE:AER - Free Report) by 9.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,393 shares of the financial services provider's stock after selling 2,796 shares during the quarter. 1832 Asset Management L.P.'s holdings in Aercap were worth $2,901,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Ameriflex Group Inc. bought a new stake in Aercap in the fourth quarter worth approximately $27,000. Mather Group LLC. grew its stake in Aercap by 230.1% in the first quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 214 shares during the period. Summit Securities Group LLC acquired a new stake in Aercap in the first quarter valued at approximately $64,000. Blue Trust Inc. grew its stake in Aercap by 42.2% in the first quarter. Blue Trust Inc. now owns 1,318 shares of the financial services provider's stock valued at $135,000 after acquiring an additional 391 shares during the period. Finally, Covestor Ltd grew its stake in Aercap by 9.6% in the first quarter. Covestor Ltd now owns 1,422 shares of the financial services provider's stock valued at $145,000 after acquiring an additional 125 shares during the period. 96.42% of the stock is currently owned by institutional investors.

Aercap Trading Up 1.2%

Shares of Aercap stock opened at $119.5050 on Monday. The stock has a fifty day simple moving average of $113.63 and a 200 day simple moving average of $107.45. Aercap Holdings N.V. has a 12-month low of $85.57 and a 12-month high of $120.48. The company has a market capitalization of $22.32 billion, a P/E ratio of 7.43, a price-to-earnings-growth ratio of 2.39 and a beta of 1.44. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 2.57.

Aercap (NYSE:AER - Get Free Report) last announced 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. Aercap had a return on equity of 13.13% and a net margin of 36.93%.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 company posted $3.01 earnings per share. Aercap's revenue was down 3.6% compared to the same quarter last year. Aercap has set its FY 2025 guidance at 11.600-11.600 EPS. On average, sell-side analysts anticipate that Aercap Holdings N.V. will post 11.29 earnings per share for the current fiscal year.

Aercap Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Wednesday, August 13th will be given a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $1.08 annualized dividend and a yield of 0.9%. Aercap's payout ratio is currently 6.72%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AER shares. JPMorgan Chase & Co. raised their price objective on Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Barclays raised their price objective on Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Morgan Stanley raised their price objective on Aercap from $111.00 to $120.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Finally, Susquehanna raised their price objective on Aercap from $130.00 to $134.00 and gave the company a "positive" rating in a research note on Wednesday, August 13th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $122.57.

Aercap Company 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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