Aercap Holdings N.V. $AER Shares Bought by Truist Financial Corp

Key Points

• Truist Financial Corp increased its stake in Aercap Holdings N.V. by 11.2%, owning 49,599 shares valued at approximately $5.8 million after acquiring additional shares in the second quarter.
• Aercap's recent earnings report revealed an EPS of $2.83, exceeding analysts' expectations, despite a 3.6% decline in quarterly revenue compared to the previous year.
• Analysts have set new price targets for Aercap shares, with Barclays raising its target to $131, reflecting a positive outlook with an average rating of "Moderate Buy."

Truist Financial Corp increased its stake in Aercap Holdings N.V. (NYSE:AER - Free Report) by 11.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,599 shares of the financial services provider's stock after buying an additional 5,004 shares during the quarter. Truist Financial Corp's holdings in Aercap were worth $5,803,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. 59 North Capital Management LP boosted its holdings in Aercap by 40.6% in the 1st quarter. 59 North Capital Management LP now owns 5,209,534 shares of the financial services provider's stock worth $532,258,000 after acquiring an additional 1,504,620 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Aercap by 43.7% during the first quarter. JPMorgan Chase & Co. now owns 2,298,552 shares of the financial services provider's stock worth $234,843,000 after purchasing an additional 699,520 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Aercap by 1.9% during the first quarter. Ameriprise Financial Inc. now owns 1,950,255 shares of the financial services provider's stock worth $200,278,000 after purchasing an additional 36,398 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Aercap by 2.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,814,146 shares of the financial services provider's stock valued at $185,352,000 after purchasing an additional 49,537 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Aercap by 13.0% during the 1st quarter. Russell Investments Group Ltd. now owns 1,166,677 shares of the financial services provider's stock valued at $119,200,000 after purchasing an additional 134,384 shares in the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Aercap Stock Down 0.3%

NYSE:AER opened at $125.13 on Tuesday. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market capitalization of $23.37 billion, a price-to-earnings ratio of 7.78, a price-to-earnings-growth ratio of 2.51 and a beta of 1.40. Aercap Holdings N.V. has a one year low of $85.57 and a one year high of $126.27. The stock has a 50-day simple moving average of $118.56 and a 200 day simple moving average of $112.15.

Aercap (NYSE:AER - Get Free Report) last released its earnings results on Wednesday, July 30th. The financial services provider reported $2.83 EPS for the quarter, topping analysts' consensus estimates of $2.75 by $0.08. Aercap had a return on equity of 13.13% and a net margin of 36.93%.The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the business posted $3.01 EPS. Aercap's quarterly 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. Sell-side analysts predict that Aercap Holdings N.V. will post 11.29 EPS for the current fiscal year.

Aercap Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. 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 reaffirmed a "buy (b+)" rating on shares of Aercap in a research report on Saturday, September 27th. Susquehanna boosted their price target on Aercap from $130.00 to $134.00 and gave the stock a "positive" rating in a research note on Wednesday, August 13th. Finally, 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. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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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