Choreo LLC Trims Stock Holdings in Aercap Holdings N.V. (NYSE:AER)

Key Points

• Choreo LLC decreased its investment in Aercap Holdings N.V. by 57.1%, now holding $529,000 worth of shares after selling 6,871 shares in the first quarter.
• Aercap recently reported a strong quarterly performance, with $3.68 earnings per share surpassing analyst expectations, alongside a revenue increase of 2.9% year-over-year.
• The company declared a quarterly dividend of $0.27, reflecting a dividend yield of 0.96% and a payout ratio of 9.58%.

Choreo LLC cut its holdings in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 57.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,161 shares of the financial services provider's stock after selling 6,871 shares during the period. Choreo LLC's holdings in Aercap were worth $529,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Four Tree Island Advisory LLC grew its stake in Aercap by 4.2% in the 1st quarter. Four Tree Island Advisory LLC now owns 106,233 shares of the financial services provider's stock valued at $10,854,000 after buying an additional 4,233 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Aercap by 10.6% during the 1st quarter. Allianz Asset Management GmbH now owns 134,792 shares of the financial services provider's stock worth $13,772,000 after acquiring an additional 12,936 shares during the period. Balentine LLC lifted its holdings in Aercap by 15.6% during the 1st quarter. Balentine LLC now owns 3,403 shares of the financial services provider's stock valued at $348,000 after purchasing an additional 460 shares during the last quarter. Private Advisor Group LLC grew its position in shares of Aercap by 194.1% during the 1st quarter. Private Advisor Group LLC now owns 8,115 shares of the financial services provider's stock worth $829,000 after buying an additional 5,356 shares during the period. Finally, Triasima Portfolio Management inc. grew its holdings in Aercap by 73.8% during the first quarter. Triasima Portfolio Management inc. now owns 41,210 shares of the financial services provider's stock valued at $4,210,000 after purchasing an additional 17,500 shares during the period. 96.42% of the stock is owned by institutional investors and hedge funds.

Aercap Stock Down 0.9%

Shares of AER stock traded down $0.96 on Thursday, hitting $108.09. The stock had a trading volume of 487,617 shares, compared to its average volume of 1,459,175. The business has a 50 day moving average price of $114.62 and a 200 day moving average price of $105.32. Aercap Holdings N.V. has a one year low of $82.21 and a one year high of $118.07. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 2.69. The company has a market cap of $20.19 billion, a PE ratio of 9.59, a P/E/G ratio of 2.36 and a beta of 1.38.

Aercap (NYSE:AER - Get Free Report) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.75 by $0.08. Aercap had a return on equity of 13.84% and a net margin of 26.53%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the company earned $3.01 EPS. The company's revenue for the quarter was down 3.6% on a year-over-year basis. Research analysts anticipate that Aercap Holdings N.V. will post 11.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Aercap from $112.00 to $114.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Barclays raised their target price on shares of Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Morgan Stanley raised their price objective on shares of Aercap from $111.00 to $120.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Finally, Susquehanna increased their target price on shares of Aercap from $120.00 to $130.00 and gave the company a "positive" rating in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $122.00.

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.