Tocqueville Asset Management L.P. Increases Stake in Aercap Holdings N.V. $AER

Key Points

• Tocqueville Asset Management increased its stake in Aercap Holdings N.V. by 1.1%, owning 306,370 shares worth approximately $31.3 million, marking a continued interest from institutional investors.
• Several brokerages raised their price targets for Aercap, with the consensus target now at $122.57 and a majority rating of "Moderate Buy".
• Aercap reported a quarterly earnings per share of $2.83, slightly beating estimates, but its revenue has dipped 3.6% year-over-year, totaling $1.89 billion for the period.

Tocqueville Asset Management L.P. boosted its position in Aercap Holdings N.V. (NYSE:AER - Free Report) by 1.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 306,370 shares of the financial services provider's stock after purchasing an additional 3,220 shares during the quarter. Tocqueville Asset Management L.P. owned approximately 0.16% of Aercap worth $31,302,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Mather Group LLC. lifted its holdings in 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 acquiring an additional 214 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Aercap by 1.4% in 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 period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Aercap by 9.8% in 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 period. Bessemer Group Inc. raised its stake in shares of Aercap by 473.2% in the first quarter. Bessemer Group Inc. now owns 1,473 shares of the financial services provider's stock worth $150,000 after buying an additional 1,216 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Aercap by 2.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,465 shares of the financial services provider's stock valued at $865,000 after purchasing an additional 219 shares during the period. 96.42% of the stock is owned by hedge funds and other institutional investors.

Aercap Stock Performance

Shares of NYSE:AER traded up $1.7470 during trading on Thursday, hitting $117.4770. The stock had a trading volume of 821,278 shares, compared to its average volume of 1,471,251. Aercap Holdings N.V. has a 12-month low of $85.57 and a 12-month high of $118.17. The stock has a market capitalization of $21.94 billion, a price-to-earnings ratio of 7.31, a price-to-earnings-growth ratio of 2.31 and a beta of 1.44. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 2.57. The stock has a 50-day simple moving average of $113.52 and a two-hundred day simple moving average of $106.98.

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 (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.08. Aercap had a return on equity of 13.13% and a net margin of 36.93%.The firm had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same period last year, the business posted $3.01 earnings per share. The company's revenue for the quarter was down 3.6% compared to the same quarter last year. Aercap has set its FY 2025 guidance at 11.600-11.600 EPS. On average, 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Wednesday, August 13th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 13th. Aercap's dividend payout ratio (DPR) is presently 6.72%.

Wall Street Analyst Weigh In

AER has been the topic of several recent research reports. Susquehanna increased their price target on Aercap from $130.00 to $134.00 and gave the company a "positive" rating in a report on Wednesday, August 13th. Morgan Stanley increased their price target on Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. increased their price target on Aercap from $112.00 to $114.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, Barclays raised their price objective on Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus 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.