Credit Agricole S A Sells 6,407 Shares of Aercap Holdings N.V. $AER

Key Points

• Credit Agricole S A reduced its stake in Aercap Holdings N.V. by 15.6%, selling 6,407 shares in the first quarter, resulting in holdings valued at $3.54 million.
• Aercap's quarterly earnings exceeded analysts' expectations with an EPS of $2.83, while its revenue fell short at $1.89 billion against a forecast of $2.03 billion.
• The company announced a quarterly dividend of $0.27 per share, yielding 0.9%, with the payment date set for September 4th.

Credit Agricole S A lowered its position in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 15.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,628 shares of the financial services provider's stock after selling 6,407 shares during the quarter. Credit Agricole S A's holdings in Aercap were worth $3,538,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AER. Signaturefd LLC lifted its position in shares of Aercap by 1.8% in the first quarter. Signaturefd LLC now owns 5,819 shares of the financial services provider's stock worth $595,000 after purchasing an additional 102 shares in the last quarter. Allworth Financial LP increased its stake 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 worth $160,000 after purchasing an additional 116 shares during the period. Covestor Ltd increased its position in Aercap by 9.6% during the 1st quarter. Covestor Ltd now owns 1,422 shares of the financial services provider's stock worth $145,000 after buying an additional 125 shares during the period. Measured Wealth Private Client Group LLC raised its stake in 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 in the last quarter. Finally, Nissay Asset Management Corp Japan ADV boosted its stake in shares of Aercap by 0.9% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 24,096 shares of the financial services provider's stock valued at $2,301,000 after buying an additional 209 shares during the period. Institutional investors own 96.42% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Susquehanna increased their target price on shares of Aercap from $130.00 to $134.00 and gave the stock a "positive" rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. boosted their price target on Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Barclays upped 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, Morgan Stanley upped their target price 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. Six 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. Based on data from MarketBeat, Aercap has an average rating of "Moderate Buy" and a consensus price target of $122.57.

Aercap Trading Down 0.5%

Shares of NYSE:AER traded down $0.65 during midday trading on Wednesday, hitting $123.04. 1,516,028 shares of the stock traded hands, compared to its average volume of 1,501,287. The stock has a market capitalization of $22.98 billion, a PE ratio of 7.64, a P/E/G ratio of 2.41 and a beta of 1.44. Aercap Holdings N.V. has a one year low of $85.57 and a one year high of $123.79. The business's 50 day moving average is $113.89 and its two-hundred day moving average is $107.72. 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 (NYSE:AER - Get Free Report) last released its earnings results on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share for the quarter, topping 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 firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the firm earned $3.01 EPS. The company's 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. As a group, research analysts forecast that Aercap Holdings N.V. will post 11.29 earnings per share for the current year.

Aercap Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Wednesday, August 13th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 13th. Aercap's dividend payout ratio is 6.72%.

About Aercap

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.