Korea Investment CORP Sells 9,784 Shares of Aercap Holdings N.V. $AER

Key Points

• Korea Investment CORP has reduced its stake in Aercap Holdings N.V. by 6.8%, now owning approximately 0.07% of the company, valued at $13.6 million.
• Several hedge funds have increased their holdings in Aercap, with institutional investors owning 96.42% of its stock.
• Aercap reported earnings per share of $2.83 for the last quarter, which exceeded estimates, though revenue was down 3.6% year-over-year.

Korea Investment CORP decreased its holdings in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 6.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,296 shares of the financial services provider's stock after selling 9,784 shares during the quarter. Korea Investment CORP owned approximately 0.07% of Aercap worth $13,619,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in Aercap in the fourth quarter valued at $3,284,000. First Trust Advisors LP lifted its stake in Aercap by 18.2% in the fourth quarter. First Trust Advisors LP now owns 5,478 shares of the financial services provider's stock valued at $524,000 after acquiring an additional 842 shares during the last quarter. MetLife Investment Management LLC lifted its stake in Aercap by 35.3% in the fourth quarter. MetLife Investment Management LLC now owns 22,600 shares of the financial services provider's stock valued at $2,163,000 after acquiring an additional 5,900 shares during the last quarter. MML Investors Services LLC lifted its stake in Aercap by 8.9% in the fourth quarter. MML Investors Services LLC now owns 58,155 shares of the financial services provider's stock valued at $5,565,000 after acquiring an additional 4,761 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Aercap by 11,446.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,002 shares of the financial services provider's stock valued at $287,000 after acquiring an additional 2,976 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company's stock.

Aercap Stock Performance

NYSE:AER traded down $1.27 during mid-day trading on Wednesday, reaching $122.43. 527,014 shares of the company's stock were exchanged, compared to its average volume of 1,495,188. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.44 and a current ratio of 0.44. Aercap Holdings N.V. has a one year low of $85.57 and a one year high of $123.79. The firm has a market capitalization of $22.87 billion, a PE ratio of 7.60, a price-to-earnings-growth ratio of 2.41 and a beta of 1.44. The business's fifty day simple moving average is $113.89 and its two-hundred day simple moving average is $107.72.

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

Aercap Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Aercap Company 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.