Aercap Holdings N.V. $AER Shares Purchased by Bruce & Co. Inc.

Key Points

• Bruce & Co. Inc. increased its stake in Aercap Holdings N.V. by 22.3%, acquiring an additional 33,500 shares to hold a total of 183,500 shares, representing approximately 6.0% of its investment portfolio.
• Aercap has been positively rated by multiple analysts, with price targets raised by firms including Barclays and Susquehanna, reflecting a consensus rating of "Moderate Buy" and an average target price of $122.57.
• The company recently announced a quarterly dividend of $0.27 per share, translating to an annualized yield of 0.9%, with a low payout ratio of 6.72%.

Bruce & Co. Inc. lifted its holdings in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 22.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 183,500 shares of the financial services provider's stock after purchasing an additional 33,500 shares during the period. Aercap accounts for 6.0% of Bruce & Co. Inc.'s holdings, making the stock its 7th biggest holding. Bruce & Co. Inc. owned about 0.10% of Aercap worth $18,748,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AER. Alyeska Investment Group L.P. lifted its holdings in shares of Aercap by 139.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,505,799 shares of the financial services provider's stock worth $144,105,000 after purchasing an additional 875,950 shares during the period. TOMS Capital Investment Management LP raised its stake in Aercap by 118.8% during the fourth quarter. TOMS Capital Investment Management LP now owns 1,398,000 shares of the financial services provider's stock worth $133,789,000 after buying an additional 759,000 shares during the last quarter. Millennium Management LLC raised its stake in Aercap by 190.7% during the fourth quarter. Millennium Management LLC now owns 1,074,931 shares of the financial services provider's stock worth $102,871,000 after buying an additional 705,212 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Aercap by 43.7% during the first quarter. JPMorgan Chase & Co. now owns 2,298,552 shares of the financial services provider's stock worth $234,843,000 after buying an additional 699,520 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Aercap by 90.9% during the fourth quarter. Northern Trust Corp now owns 1,396,937 shares of the financial services provider's stock worth $133,687,000 after buying an additional 664,990 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company's stock.

Analyst Ratings Changes

AER has been the subject of a number of analyst reports. Susquehanna lifted 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. JPMorgan Chase & Co. lifted their target price on shares of Aercap from $112.00 to $114.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Morgan Stanley lifted their target price on shares of Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. Finally, Barclays lifted their target price on shares of Aercap from $115.00 to $131.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $122.57.

Aercap Stock Up 1.6%

AER traded up $1.87 during midday trading on Tuesday, hitting $122.37. The company had a trading volume of 879,164 shares, compared to its average volume of 1,482,024. Aercap Holdings N.V. has a 52 week low of $85.57 and a 52 week high of $122.70. 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 company has a market capitalization of $22.86 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 2.39 and a beta of 1.44. The stock's 50 day moving average price is $113.72 and its 200 day moving average price is $107.61.

Aercap (NYSE:AER - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share for the quarter, beating 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 firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the firm posted $3.01 earnings per share. The business's revenue 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, research analysts anticipate that Aercap Holdings N.V. will post 11.29 earnings per share for the current fiscal year.

Aercap Dividend Announcement

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

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.