Assenagon Asset Management S.A. Raises Stake in Aercap Holdings N.V. $AER

Key Points

• Assenagon Asset Management S.A. increased its holdings in Aercap Holdings N.V. by 59.2% during the second quarter, acquiring an additional 361,140 shares, bringing its total to 970,973 shares valued at $113.6 million.
• Multiple research firms have boosted their target prices for Aercap, with a consensus rating of "Moderate Buy" and an average target price of $122.57.
• Aercap recently announced a quarterly dividend of $0.27 per share, leading to an annualized dividend yield of 0.9%.

Assenagon Asset Management S.A. boosted its stake in Aercap Holdings N.V. (NYSE:AER - Free Report) by 59.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 970,973 shares of the financial services provider's stock after purchasing an additional 361,140 shares during the period. Assenagon Asset Management S.A. owned approximately 0.52% of Aercap worth $113,604,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AER. 59 North Capital Management LP grew its position in shares of Aercap by 40.6% during the 1st quarter. 59 North Capital Management LP now owns 5,209,534 shares of the financial services provider's stock valued at $532,258,000 after acquiring an additional 1,504,620 shares during the period. Dorsey Asset Management LLC purchased a new stake in Aercap in the 1st quarter worth $116,325,000. JPMorgan Chase & Co. lifted its stake in Aercap by 43.7% in the 1st quarter. JPMorgan Chase & Co. now owns 2,298,552 shares of the financial services provider's stock worth $234,843,000 after purchasing an additional 699,520 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Aercap during the 1st quarter valued at about $54,951,000. Finally, MBB Public Markets I LLC purchased a new stake in shares of Aercap during the 1st quarter valued at about $52,794,000. Institutional investors own 96.42% of the company's stock.

Aercap Stock Down 0.2%

Shares of NYSE AER traded down $0.28 during mid-day trading on Tuesday, reaching $122.08. The company had a trading volume of 176,884 shares, compared to its average volume of 1,509,291. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 2.57. The firm has a 50 day simple moving average of $116.56 and a two-hundred day simple moving average of $110.60. The stock has a market cap of $22.80 billion, a P/E ratio of 7.59, a PEG ratio of 2.41 and a beta of 1.45. Aercap Holdings N.V. has a 52-week low of $85.57 and a 52-week high of $125.45.

Aercap (NYSE:AER - Get Free Report) last issued 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 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 the consensus estimate of $2.03 billion. During the same period last year, the firm posted $3.01 EPS. Aercap's revenue for the quarter was down 3.6% on a year-over-year basis. Aercap has set its FY 2025 guidance at 11.600-11.600 EPS. Sell-side analysts predict that Aercap Holdings N.V. will post 11.29 earnings per share for the current year.

Aercap Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.9%. Aercap's dividend payout ratio (DPR) is 6.72%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AER. Barclays upped their price target on shares of Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Susquehanna upped 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. Finally, Morgan Stanley increased their price objective on shares of Aercap from $111.00 to $120.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Six 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $122.57.

Aercap Company 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.