Aercap Holdings N.V. $AER Shares Acquired by Ramirez Asset Management Inc.

Key Points

• Ramirez Asset Management Inc. increased its holdings in Aercap Holdings N.V. by 56.0%, owning a total of 31,972 shares valued at $3.74 million as of the latest SEC filing.
• Aercap reported a net margin of 36.93% and had quarterly earnings of $2.83 EPS, surpassing analysts' expectations of $2.75 EPS.
• The company announced a quarterly dividend of $0.27 per share, representing an annual yield of 0.9% with a payout ratio of 6.72%.

Ramirez Asset Management Inc. lifted its holdings in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 56.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,972 shares of the financial services provider's stock after acquiring an additional 11,472 shares during the quarter. Ramirez Asset Management Inc.'s holdings in Aercap were worth $3,741,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. 59 North Capital Management LP lifted its holdings in shares of Aercap by 40.6% during the 1st 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 acquiring an additional 1,504,620 shares in the last quarter. Ninety One UK Ltd lifted its holdings in Aercap by 44.8% in the 2nd quarter. Ninety One UK Ltd now owns 2,794,925 shares of the financial services provider's stock worth $327,006,000 after buying an additional 864,348 shares in the last quarter. JPMorgan Chase & Co. lifted 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 worth $234,843,000 after buying an additional 699,520 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Aercap by 1.9% in the 1st 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 in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Aercap by 2.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,814,146 shares of the financial services provider's stock worth $185,352,000 after buying an additional 49,537 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company's stock.

Aercap Price Performance

Shares of NYSE:AER opened at $121.48 on Friday. 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 fifty-two week low of $85.57 and a fifty-two week high of $126.27. The firm has a 50-day simple moving average of $119.33 and a 200 day simple moving average of $112.42. The company has a market cap of $22.69 billion, a PE ratio of 7.55, a P/E/G ratio of 2.44 and a beta of 1.40.

Aercap (NYSE:AER - Get Free Report) last announced 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. 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 company's revenue for the quarter 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 EPS for the current year.

Aercap Announces Dividend

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

Analyst Ratings Changes

AER has been the topic of a number of recent analyst reports. Barclays boosted 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. Weiss Ratings reiterated a "buy (b+)" rating on shares of Aercap in a report on Wednesday. Morgan Stanley boosted their price objective on shares of Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Finally, Susquehanna boosted 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. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Aercap has an average rating of "Moderate Buy" and an average target price of $122.57.

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.

Want to see what other hedge funds are holding AER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aercap Holdings N.V. (NYSE:AER - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.