Boothbay Fund Management LLC Sells 21,088 Shares of Aercap Holdings N.V. $AER

Key Points

• Boothbay Fund Management LLC reduced its stake in Aercap Holdings N.V. by 20.8%, now holding 80,364 shares worth $8,211,000 after selling 21,088 shares in the first quarter.
• Aercap reported a net margin of 36.93% and earnings per share of $2.83 for the most recent quarter, which exceeded analysts' expectations, while quarterly revenue fell by 3.6% year-over-year.
• The company recently announced a quarterly dividend of $0.27, with an annualized dividend yield of 0.9%, reflecting a payout ratio of 6.72%.

Boothbay Fund Management LLC cut its stake in Aercap Holdings N.V. (NYSE:AER - Free Report) by 20.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,364 shares of the financial services provider's stock after selling 21,088 shares during the period. Boothbay Fund Management LLC's holdings in Aercap were worth $8,211,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AER. Signaturefd LLC boosted its stake in Aercap by 1.8% in the 1st quarter. Signaturefd LLC now owns 5,819 shares of the financial services provider's stock valued at $595,000 after buying an additional 102 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Aercap by 8.0% during the first quarter. Allworth Financial LP now owns 1,566 shares of the financial services provider's stock valued at $160,000 after acquiring an additional 116 shares during the period. Covestor Ltd boosted its stake 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 valued at $145,000 after purchasing an additional 125 shares in the last quarter. CW Advisors LLC grew 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 purchasing an additional 135 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC grew its holdings in shares of Aercap by 3.1% in the 1st quarter. Measured Wealth Private Client Group LLC now owns 5,080 shares of the financial services provider's stock worth $519,000 after purchasing an additional 154 shares during the last quarter. Institutional investors own 96.42% of the company's stock.

Aercap Trading Down 0.9%

Aercap stock traded down $1.10 during trading hours on Tuesday, reaching $121.90. 484,968 shares of the company's stock traded hands, compared to its average volume of 1,530,631. The firm has a market capitalization of $22.77 billion, a price-to-earnings ratio of 7.58, a PEG ratio of 2.47 and a beta of 1.45. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.44 and a current ratio of 0.44. Aercap Holdings N.V. has a fifty-two week low of $85.57 and a fifty-two week high of $125.45. The firm's 50 day moving average is $115.32 and its 200-day moving average is $109.19.

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

Aercap Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AER. Barclays lifted their price target on shares of Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Susquehanna boosted their target price on shares of 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 increased their price target on shares of Aercap from $111.00 to $120.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.