Aercap Holdings N.V. $AER Shares Acquired by 59 North Capital Management LP

Key Points

• 59 North Capital Management LP increased its stake in Aercap Holdings N.V. by 40.6%, making it the firm's largest holding with over 5.2 million shares valued at approximately $532 million.
• Several hedge funds, including Mather Group LLC and Bessemer Group Inc., significantly altered their positions in Aercap during the first quarter, indicating increasing institutional interest in the stock.
• Aercap announced a quarterly dividend of $0.27 per share, equating to an annualized dividend yield of 0.9%, which will be paid on September 4th.

59 North Capital Management LP increased its holdings in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 40.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 5,209,534 shares of the financial services provider's stock after purchasing an additional 1,504,620 shares during the period. Aercap accounts for approximately 19.2% of 59 North Capital Management LP's holdings, making the stock its largest position. 59 North Capital Management LP owned about 2.79% of Aercap worth $532,258,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Ameriflex Group Inc. bought a new stake in shares of Aercap during the fourth quarter worth approximately $27,000. Mather Group LLC. boosted its holdings in shares of Aercap by 230.1% during the first quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock worth $31,000 after acquiring an additional 214 shares during the period. Quarry LP bought a new stake in shares of Aercap during the first quarter worth approximately $37,000. Summit Securities Group LLC bought a new stake in shares of Aercap during the first quarter worth approximately $64,000. Finally, Blue Trust Inc. boosted its holdings in shares of Aercap by 42.2% during the first quarter. Blue Trust Inc. now owns 1,318 shares of the financial services provider's stock worth $135,000 after acquiring an additional 391 shares during the period. Institutional investors own 96.42% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AER shares. Morgan Stanley boosted their price objective on Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Barclays boosted their price objective on Aercap from $115.00 to $131.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Finally, Susquehanna boosted their price target 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 issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.57.

Aercap Price Performance

Shares of AER stock traded up $0.92 during trading on Friday, hitting $123.52. The company had a trading volume of 1,670,551 shares, compared to its average volume of 1,840,932. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.44 and a current ratio of 0.44. The firm has a market capitalization of $23.07 billion, a P/E ratio of 7.68, a price-to-earnings-growth ratio of 2.45 and a beta of 1.46. The stock's 50-day moving average price is $115.20 and its 200 day moving average price is $109.00. Aercap Holdings N.V. has a one year low of $85.57 and a one year high of $125.45.

Aercap (NYSE:AER - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $2.83 EPS for the quarter, beating the consensus estimate of $2.75 by $0.08. Aercap had a net margin of 36.93% and a return on equity of 13.13%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the business earned $3.01 earnings per share. The company's 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 analysts expect that Aercap Holdings N.V. will post 11.29 EPS for the current fiscal year.

Aercap Dividend Announcement

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

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.