Allianz Asset Management GmbH Purchases 12,936 Shares of Aercap Holdings N.V. (NYSE:AER)

Key Points

• Allianz Asset Management GmbH increased its stake in Aercap Holdings N.V. by 10.6%, acquiring an additional 12,936 shares in the first quarter, resulting in ownership of approximately 0.07% of the company valued at $13.77 million.
• Aercap reported $3.68 earnings per share (EPS) for the latest quarter, exceeding analyst expectations of $2.69, with a revenue increase of 2.9% year-over-year.
• Analysts have given Aercap a consensus rating of "Moderate Buy", with price target estimates ranging from $114.00 to $131.00 after recent upgrades from several financial institutions.

Allianz Asset Management GmbH increased its position in Aercap Holdings N.V. (NYSE:AER - Free Report) by 10.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 134,792 shares of the financial services provider's stock after purchasing an additional 12,936 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.07% of Aercap worth $13,772,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC lifted its position in Aercap by 1.8% in the first quarter. Signaturefd LLC now owns 5,819 shares of the financial services provider's stock worth $595,000 after purchasing an additional 102 shares during the period. Allworth Financial LP lifted its position in Aercap by 8.0% in the first quarter. Allworth Financial LP now owns 1,566 shares of the financial services provider's stock worth $160,000 after purchasing an additional 116 shares during the period. Nissay Asset Management Corp Japan ADV lifted its position in Aercap by 0.9% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 24,096 shares of the financial services provider's stock worth $2,301,000 after purchasing an additional 209 shares during the period. Mather Group LLC. lifted its position in Aercap by 230.1% in the first quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock worth $31,000 after purchasing an additional 214 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Aercap by 2.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,465 shares of the financial services provider's stock worth $865,000 after purchasing an additional 219 shares during the period. 96.42% of the stock is owned by institutional investors.

Aercap Stock Performance

Aercap stock opened at $112.18 on Friday. The stock has a 50-day simple moving average of $114.66 and a 200 day simple moving average of $105.02. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 2.69. Aercap Holdings N.V. has a 12-month low of $82.21 and a 12-month high of $118.07. The stock has a market capitalization of $20.95 billion, a price-to-earnings ratio of 9.95, a P/E/G ratio of 2.33 and a beta of 1.38.

Aercap (NYSE:AER - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.69 by $0.99. Aercap had a return on equity of 13.84% and a net margin of 26.53%. The business had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the previous year, the business posted $3.29 earnings per share. The firm's revenue for the quarter was up 2.9% compared to the same quarter last year. On average, research 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 was paid on Thursday, June 5th. Investors of record on Wednesday, May 14th were issued a $0.27 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.96%. Aercap's dividend payout ratio is 9.58%.

Wall Street Analyst Weigh In

AER has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Morgan Stanley lifted their price objective on Aercap from $111.00 to $120.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Barclays lifted their price objective on Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Finally, Susquehanna lifted their price objective on Aercap from $120.00 to $130.00 and gave the company a "positive" rating in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $122.38.

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.

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