Northern Trust Corp Sells 63,251 Shares of Aercap Holdings N.V. $AER

Key Points

• Northern Trust Corp reduced its stake in Aercap Holdings N.V. by 4.5%, selling 63,251 shares, and owning 1,333,686 shares valued at approximately $136.26 million after the sale.
• Aercap reported $2.83 earnings per share for the most recent quarter, exceeding analysts' expectations, but revenue fell 3.6% year-over-year, totaling $1.89 billion.
• The company announced a quarterly dividend of $0.27 per share, with a dividend yield of 0.9%, scheduled for payment on September 4th.

Northern Trust Corp lowered its stake in Aercap Holdings N.V. (NYSE:AER - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,333,686 shares of the financial services provider's stock after selling 63,251 shares during the quarter. Northern Trust Corp owned about 0.71% of Aercap worth $136,263,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Ameriflex Group Inc. purchased a new stake in Aercap in the 4th quarter worth $27,000. Mather Group LLC. lifted 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 worth $31,000 after purchasing an additional 214 shares in the last quarter. Summit Securities Group LLC purchased a new stake in Aercap in the 1st quarter worth $64,000. Blue Trust Inc. lifted its stake in 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. Finally, Covestor Ltd lifted its stake in Aercap by 9.6% in the 1st quarter. Covestor Ltd now owns 1,422 shares of the financial services provider's stock worth $145,000 after purchasing an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company's stock.

Aercap Trading Down 0.3%

Aercap stock traded down $0.34 during midday trading on Wednesday, reaching $123.35. The stock had a trading volume of 1,367,812 shares, compared to its average volume of 1,500,486. 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 $123.79. The firm has a market cap of $23.04 billion, a price-to-earnings ratio of 7.66, a price-to-earnings-growth ratio of 2.41 and a beta of 1.44. The company has a fifty day moving average of $113.89 and a 200 day moving average of $107.72.

Aercap (NYSE:AER - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the company posted $3.01 EPS. The firm's revenue for the quarter 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 anticipate that Aercap Holdings N.V. will post 11.29 earnings per share for the current fiscal year.

Aercap Announces Dividend

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 $0.27 dividend. This represents a $1.08 dividend on an annualized basis 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%.

Wall Street Analysts Forecast Growth

Several analysts have commented on AER shares. Barclays boosted their price target on shares of Aercap from $115.00 to $131.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. upped their target price on shares of Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Morgan Stanley upped their target price on shares of Aercap from $111.00 to $120.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Finally, Susquehanna upped their target price on shares of Aercap from $130.00 to $134.00 and gave the company a "positive" rating in a research report on Wednesday, August 13th. Six equities 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.57.

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.