Voya Investment Management LLC Reduces Position in Aercap Holdings N.V. $AER

Key Points

• Voya Investment Management LLC reduced its stake in Aercap Holdings N.V. by 6.3% during the first quarter, holding 36,274 shares valued at approximately $3.7 million.
• Equities analysts have raised Aercap's price target, with Barclays increasing it from $115 to $131 and Morgan Stanley from $111 to $120, indicating an overall positive outlook on the stock.
• Aercap has announced a quarterly dividend of $0.27, representing a 0.9% dividend yield, with a payout ratio of 6.72%.

Voya Investment Management LLC lessened its holdings in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 6.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,274 shares of the financial services provider's stock after selling 2,457 shares during the quarter. Voya Investment Management LLC's holdings in Aercap were worth $3,706,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of AER. American Century Companies Inc. raised its holdings 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 acquiring an additional 7,896 shares during the last quarter. Mather Group LLC. grew its position in shares of Aercap by 230.1% in the first quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 214 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Aercap by 1.4% during the first quarter. Bank of New York Mellon Corp now owns 452,376 shares of the financial services provider's stock worth $46,219,000 after buying an additional 6,073 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Aercap by 9.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,996 shares of the financial services provider's stock worth $1,123,000 after buying an additional 978 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI boosted its position in shares of Aercap by 24.8% during the 1st quarter. Zurich Insurance Group Ltd FI now owns 129,682 shares of the financial services provider's stock valued at $13,250,000 after acquiring an additional 25,780 shares during the last quarter. 96.42% of the stock is owned by hedge funds and other institutional investors.

Aercap Stock Up 0.3%

Shares of NYSE AER traded up $0.33 during midday trading on Tuesday, hitting $122.69. The company's stock had a trading volume of 74,265 shares, compared to its average volume of 1,508,543. The business's fifty day simple moving average is $116.56 and its two-hundred day simple moving average is $110.60. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.44 and a quick ratio of 0.44. Aercap Holdings N.V. has a 1 year low of $85.57 and a 1 year high of $125.45. The firm has a market capitalization of $22.92 billion, a price-to-earnings ratio of 7.63, a price-to-earnings-growth ratio of 2.41 and a beta of 1.45.

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 (EPS) 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 business earned $3.01 EPS. 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. On average, equities analysts predict that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Dividend Announcement

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

Analyst Ratings Changes

AER has been the topic of a number of analyst reports. Susquehanna lifted 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. Barclays raised their price target on shares of Aercap from $115.00 to $131.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Finally, Morgan Stanley increased their price objective on Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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.