Empyrean Capital Partners LP Reduces Stake in Aercap Holdings N.V. $AER

Key Points

• Empyrean Capital Partners LP has reduced its holdings in Aercap Holdings N.V. by 13.6%, making it the firm’s 3rd largest investment at approximately 5% of its portfolio.
• Aercap reported an EPS of $2.83 for the last quarter, surpassing analysts' expectations, but experienced a 3.6% drop in revenue compared to the previous year.
• The company has announced a quarterly dividend of $0.27 per share, resulting in an annualized yield of 0.9%.

Empyrean Capital Partners LP lowered its position in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 13.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,382,000 shares of the financial services provider's stock after selling 218,000 shares during the period. Aercap makes up about 5.0% of Empyrean Capital Partners LP's investment portfolio, making the stock its 3rd largest position. Empyrean Capital Partners LP owned approximately 0.74% of Aercap worth $141,199,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Ameriflex Group Inc. purchased a new stake in shares of Aercap during the fourth quarter valued at approximately $27,000. Mather Group LLC. increased its stake in shares of Aercap by 230.1% in the first quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock worth $31,000 after buying an additional 214 shares during the last quarter. Quarry LP bought a new stake in shares of Aercap in the first quarter worth $37,000. Summit Securities Group LLC bought a new stake in shares of Aercap in the first quarter worth $64,000. Finally, Blue Trust Inc. increased its stake in shares of Aercap by 42.2% in the first quarter. Blue Trust Inc. now owns 1,318 shares of the financial services provider's stock worth $135,000 after buying an additional 391 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company's stock.

Analyst Upgrades and Downgrades

AER has been the subject of a number of research analyst reports. Morgan Stanley lifted their price target on shares of Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. Barclays lifted their price objective on shares of Aercap from $115.00 to $131.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Finally, Susquehanna lifted their price objective on shares of Aercap from $130.00 to $134.00 and gave the stock a "positive" rating in a report on Wednesday, August 13th. Six equities 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $122.57.

Aercap Stock Performance

Aercap stock traded up $0.92 during mid-day trading on Friday, hitting $123.52. 1,670,551 shares of the company's stock traded hands, compared to its average volume of 1,840,932. 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 one year low of $85.57 and a one year high of $125.45. The firm has a 50 day moving average price of $115.20 and a 200 day moving average price of $109.00. The company has a market cap of $23.07 billion, a PE ratio of 7.68, a price-to-earnings-growth ratio of 2.45 and a beta of 1.46.

Aercap (NYSE:AER - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share for the quarter, beating analysts' consensus estimates of $2.75 by $0.08. The business had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $2.03 billion. Aercap had a net margin of 36.93% and a return on equity of 13.13%. The company's revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the business earned $3.01 earnings per share. Aercap has set its FY 2025 guidance at 11.600-11.600 EPS. On average, equities analysts forecast that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Wednesday, August 13th were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $1.08 annualized dividend and a yield of 0.9%. Aercap's dividend payout ratio is presently 6.72%.

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.