Federation des caisses Desjardins du Quebec Sells 3,928 Shares of Aercap Holdings N.V. $AER

Key Points

• The Federation des caisses Desjardins du Quebec has reduced its holdings in Aercap Holdings N.V. by 11.6%, now owning 30,000 shares valued at approximately $3.06 million.
• Aercap reported earnings of $2.83 per share for the last quarter, exceeding analyst expectations, but its revenue declined by 3.6% year-over-year.
• The company announced a quarterly dividend of $0.27 per share, offering an annualized yield of 0.9% with a payout ratio of 6.72%.

Federation des caisses Desjardins du Quebec trimmed its position in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 11.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,000 shares of the financial services provider's stock after selling 3,928 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Aercap were worth $3,066,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Ameriflex Group Inc. bought a new stake in shares of Aercap in the 4th quarter worth approximately $27,000. Mather Group LLC. boosted its position in shares of Aercap by 230.1% in the 1st quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock worth $31,000 after purchasing an additional 214 shares in the last quarter. Quarry LP bought a new stake in shares of Aercap in the 1st quarter worth approximately $37,000. Summit Securities Group LLC bought a new stake in shares of Aercap in the 1st quarter worth approximately $64,000. Finally, Blue Trust Inc. boosted its position in shares of Aercap by 42.2% in the 1st quarter. Blue Trust Inc. now owns 1,318 shares of the financial services provider's stock worth $135,000 after purchasing an additional 391 shares in the last quarter. 96.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AER shares. Susquehanna boosted their price target on Aercap from $130.00 to $134.00 and gave the stock a "positive" rating in a research report on Wednesday, August 13th. Morgan Stanley boosted their price target on Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Finally, 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. 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $122.57.

Aercap Stock Performance

AER traded down $0.42 during mid-day trading on Wednesday, reaching $120.98. 493,885 shares of the company traded hands, compared to its average volume of 1,530,534. The company's fifty day moving average price is $115.44 and its 200-day moving average price is $109.28. The stock has a market capitalization of $22.60 billion, a P/E ratio of 7.52, a P/E/G ratio of 2.46 and a beta of 1.46. 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 52-week low of $85.57 and a 52-week high of $125.45.

Aercap (NYSE:AER - Get Free Report) last issued its quarterly earnings data 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 return on equity of 13.13% and a net margin of 36.93%.The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the company posted $3.01 earnings per share. Aercap'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. On average, sell-side analysts expect that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Dividend Announcement

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

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.