Ion Asset Management Ltd. Trims Stake in Aercap Holdings N.V. $AER

Key Points

• Ion Asset Management Ltd. reduced its stake in Aercap Holdings N.V. by 11.2%, now holding approximately 1,036,000 shares, making Aercap the firm's second largest position.
• Aercap's recent earnings report showed $2.83 earnings per share, beating estimates, but revenue fell 3.6% year-over-year.
• The company disclosed a quarterly dividend of $0.27 per share, resulting in an annualized dividend yield of 0.9%.

Ion Asset Management Ltd. decreased its stake in Aercap Holdings N.V. (NYSE:AER - Free Report) by 11.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,036,000 shares of the financial services provider's stock after selling 130,158 shares during the quarter. Aercap makes up about 6.9% of Ion Asset Management Ltd.'s investment portfolio, making the stock its 2nd largest position. Ion Asset Management Ltd. owned 0.55% of Aercap worth $105,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. American Century Companies Inc. boosted its stake in Aercap by 6.5% in the 1st quarter. American Century Companies Inc. now owns 129,341 shares of the financial services provider's stock valued at $13,215,000 after buying an additional 7,896 shares in the last quarter. Mather Group LLC. boosted its stake in Aercap by 230.1% in the 1st quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock valued at $31,000 after buying an additional 214 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Aercap by 1.4% in the 1st quarter. Bank of New York Mellon Corp now owns 452,376 shares of the financial services provider's stock valued at $46,219,000 after buying an additional 6,073 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Aercap by 9.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,996 shares of the financial services provider's stock valued at $1,123,000 after purchasing an additional 978 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in Aercap by 473.2% in the first quarter. Bessemer Group Inc. now owns 1,473 shares of the financial services provider's stock worth $150,000 after purchasing an additional 1,216 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company's stock.

Aercap Trading Down 0.7%

Shares of AER stock traded down $0.91 on Wednesday, reaching $120.48. 359,214 shares of the stock were exchanged, compared to its average volume of 1,529,724. The stock has a market cap of $22.50 billion, a PE ratio of 7.50, a P/E/G ratio of 2.46 and a beta of 1.46. Aercap Holdings N.V. has a one year low of $85.57 and a one year high of $125.45. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a 50 day moving average price of $115.44 and a 200 day moving average price of $109.28.

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 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 the consensus estimate of $2.03 billion. During the same quarter in the previous year, the company posted $3.01 earnings per share. The firm's quarterly revenue was down 3.6% on a year-over-year basis. Aercap has set its FY 2025 guidance at 11.600-11.600 EPS. Equities research analysts forecast that Aercap Holdings N.V. will post 11.29 EPS for the current fiscal year.

Aercap Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Wednesday, August 13th were given 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 (DPR) is currently 6.72%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AER. Barclays raised their target price on Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Morgan Stanley raised their target price on Aercap from $111.00 to $120.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Finally, Susquehanna raised their target price on Aercap from $130.00 to $134.00 and gave the company a "positive" rating in a research note on Wednesday, August 13th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus 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.