Zurich Insurance Group Ltd FI Acquires 25,780 Shares of Aercap Holdings N.V. $AER

Key Points

• Zurich Insurance Group Ltd FI increased its stake in Aercap Holdings N.V. by 24.8% during the first quarter, owning approximately 0.07% of the company worth $13.25 million.
• Several analysts have raised their price targets for Aercap, with Susquehanna setting a new target of $134, indicating a positive outlook for the stock.
• Aercap recently announced a quarterly dividend of $0.27 per share, yielding around 0.9%, paid to investors of record on August 13th.

Zurich Insurance Group Ltd FI raised its stake in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 24.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 129,682 shares of the financial services provider's stock after purchasing an additional 25,780 shares during the quarter. Zurich Insurance Group Ltd FI owned 0.07% of Aercap worth $13,250,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its holdings in Aercap by 1.8% during the first quarter. Signaturefd LLC now owns 5,819 shares of the financial services provider's stock valued at $595,000 after purchasing an additional 102 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Aercap by 8.0% in the 1st quarter. Allworth Financial LP now owns 1,566 shares of the financial services provider's stock worth $160,000 after acquiring an additional 116 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Aercap by 9.6% in the 1st quarter. Covestor Ltd now owns 1,422 shares of the financial services provider's stock worth $145,000 after acquiring an additional 125 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Aercap by 0.5% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 24,222 shares of the financial services provider's stock worth $2,475,000 after acquiring an additional 126 shares in the last quarter. Finally, CW Advisors LLC boosted its holdings in shares of Aercap by 5.2% in the 1st quarter. CW Advisors LLC now owns 2,714 shares of the financial services provider's stock worth $277,000 after acquiring an additional 135 shares in the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Susquehanna boosted their target price on Aercap from $130.00 to $134.00 and gave the stock a "positive" rating in a report on Wednesday, August 13th. Barclays boosted their target price on Aercap from $115.00 to $131.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Finally, Morgan Stanley boosted their target price on Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Aercap presently has a consensus rating of "Moderate Buy" and an average target price of $122.57.

Aercap Trading Down 1.6%

NYSE:AER traded down $1.93 during trading hours on Friday, hitting $122.21. 1,073,890 shares of the stock were exchanged, compared to its average volume of 1,922,212. The company's 50 day moving average is $115.86 and its two-hundred day moving average is $109.66. Aercap Holdings N.V. has a twelve month low of $85.57 and a twelve month high of $125.45. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 2.57. The company has a market capitalization of $22.83 billion, a P/E ratio of 7.60, a price-to-earnings-growth ratio of 2.49 and a beta of 1.46.

Aercap (NYSE:AER - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the business earned $3.01 EPS. The business'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 earnings per share for the current fiscal year.

Aercap Announces Dividend

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. 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 currently 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.