Kize Capital LP Sells 59,348 Shares of Aercap Holdings N.V. $AER

Key Points

• Kize Capital LP reduced its stake in Aercap Holdings N.V. by 41.8%, now owning 82,730 shares, making it the 6th largest holding in its portfolio worth $8.45 million.
• Aercap reported $2.83 EPS for the last quarter, exceeding expectations, although its revenue fell by 3.6% year-over-year to $1.89 billion.
• The firm also declared a quarterly dividend of $0.27, with a pay date set for September 4th, representing a yield of 0.9%.

Kize Capital LP cut its position in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 41.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,730 shares of the financial services provider's stock after selling 59,348 shares during the quarter. Aercap makes up 7.7% of Kize Capital LP's investment portfolio, making the stock its 6th largest position. Kize Capital LP's holdings in Aercap were worth $8,453,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AER. Raymond James Financial Inc. purchased a new stake in shares of Aercap during the fourth quarter worth about $3,284,000. First Trust Advisors LP grew its holdings in shares of Aercap by 18.2% during the fourth quarter. First Trust Advisors LP now owns 5,478 shares of the financial services provider's stock worth $524,000 after buying an additional 842 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of Aercap by 35.3% during the fourth quarter. MetLife Investment Management LLC now owns 22,600 shares of the financial services provider's stock worth $2,163,000 after buying an additional 5,900 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Aercap by 11,446.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,002 shares of the financial services provider's stock worth $287,000 after buying an additional 2,976 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Aercap by 9.4% during the fourth quarter. Hsbc Holdings PLC now owns 80,382 shares of the financial services provider's stock worth $7,734,000 after buying an additional 6,918 shares in the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Aercap Stock Down 0.1%

Shares of NYSE:AER traded down $0.18 during midday trading on Friday, reaching $123.62. The company had a trading volume of 1,753,048 shares, compared to its average volume of 1,747,133. 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's fifty day moving average price is $114.40 and its 200-day moving average price is $108.26. The stock has a market capitalization of $23.09 billion, a P/E ratio of 7.69, a PEG ratio of 2.47 and a beta of 1.44. Aercap Holdings N.V. has a one year low of $85.57 and a one year high of $124.48.

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

Aercap Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Barclays boosted their target price on shares of Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Morgan Stanley boosted their target price on shares of Aercap from $111.00 to $120.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Finally, Susquehanna boosted their target price on shares of Aercap from $130.00 to $134.00 and gave the company a "positive" rating in a report 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 data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.