ARGA Investment Management LP Lowers Holdings in Aercap Holdings N.V. $AER

Key Points

• ARGA Investment Management LP reduced its stake in Aercap Holdings N.V. by 29.8%, selling 4,245 shares during the second quarter, leaving it with a total of 10,020 shares worth $1,172,000.
• Aercap reported a quarterly earnings per share of $2.83, beating analyst expectations, but revenue fell 3.6% year-over-year, totaling $1.89 billion.
• The company announced a quarterly dividend of $0.27, which translates to an annualized yield of 0.9% and a payout ratio of 6.72%.

ARGA Investment Management LP reduced its stake in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 29.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,020 shares of the financial services provider's stock after selling 4,245 shares during the quarter. ARGA Investment Management LP's holdings in Aercap were worth $1,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Fiduciary Alliance LLC lifted its position in Aercap by 0.4% during the second quarter. Fiduciary Alliance LLC now owns 23,310 shares of the financial services provider's stock valued at $2,727,000 after purchasing an additional 93 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Aercap by 26.6% during the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 94 shares during the period. Signaturefd LLC grew its stake in Aercap by 1.8% in the 1st quarter. Signaturefd LLC now owns 5,819 shares of the financial services provider's stock worth $595,000 after acquiring an additional 102 shares in the last quarter. Citizens National Bank Trust Department increased its holdings in Aercap by 0.8% during the 2nd quarter. Citizens National Bank Trust Department now owns 13,965 shares of the financial services provider's stock worth $1,634,000 after purchasing an additional 104 shares during the period. Finally, Allworth Financial LP raised its holdings in shares of Aercap by 8.0% in the first quarter. Allworth Financial LP now owns 1,566 shares of the financial services provider's stock valued at $160,000 after acquiring an additional 116 shares in the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Aercap Trading Up 0.7%

Aercap stock opened at $120.70 on Friday. 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 stock has a market cap of $22.54 billion, a PE ratio of 7.51, a price-to-earnings-growth ratio of 2.40 and a beta of 1.40. The stock has a 50-day moving average of $121.45 and a two-hundred day moving average of $113.89. Aercap Holdings N.V. has a one year low of $85.57 and a one year high of $126.27.

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

Aercap Announces Dividend

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

Wall Street Analysts Forecast Growth

AER has been the subject of several research reports. Barclays upped their price target on shares of Aercap from $131.00 to $132.00 and gave the stock an "overweight" rating in a research report on Tuesday. Morgan Stanley upped their target price on Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Zacks Research upgraded Aercap from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 16th. Susquehanna boosted their price target on Aercap from $130.00 to $134.00 and gave the stock a "positive" rating in a research report on Wednesday, August 13th. Finally, Weiss Ratings reaffirmed a "buy (b+)" rating on shares of Aercap in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Aercap presently has an average rating of "Moderate Buy" and a consensus target price of $124.00.

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.

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