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

Several other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. lifted its position in shares of Aercap by 6.5% in the 1st quarter. American Century Companies Inc. now owns 129,341 shares of the financial services provider's stock worth $13,215,000 after purchasing an additional 7,896 shares during the period. Mather Group LLC. raised its stake 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 purchasing an additional 214 shares in the last quarter. Bank of New York Mellon Corp grew its holdings 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 purchasing an additional 6,073 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in 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 acquiring an additional 978 shares during the period. Finally, Zurich Insurance Group Ltd FI lifted its position in Aercap by 24.8% during the first quarter. Zurich Insurance Group Ltd FI now owns 129,682 shares of the financial services provider's stock valued at $13,250,000 after buying an additional 25,780 shares during the period. 96.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AER shares. 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. 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. Finally, Barclays increased their price target on Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $122.57.

Aercap Price Performance

NYSE AER traded down $1.09 during mid-day trading on Friday, hitting $120.15. The stock had a trading volume of 1,285,414 shares, compared to its average volume of 1,790,165. The company has a 50 day simple moving average of $116.41 and a 200 day simple moving average of $110.37. The company has a market cap of $22.44 billion, a price-to-earnings ratio of 7.47, a P/E/G ratio of 2.41 and a beta of 1.46. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 2.57. 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 released 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. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.03 billion. Aercap had a return on equity of 13.13% and a net margin of 36.93%.The firm's revenue was down 3.6% compared to the same quarter last year. During the same period last year, the company posted $3.01 earnings per share. Aercap has set its FY 2025 guidance at 11.600-11.600 EPS. Equities analysts forecast that Aercap Holdings N.V. will post 11.29 EPS for the current fiscal year.

Aercap Announces Dividend

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

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.