Aercap Holdings N.V. $AER Holdings Raised by Citigroup Inc.

Key Points

• Citigroup Inc. raised its stake in Aercap Holdings N.V. by 3.8%, acquiring an additional 5,451 shares, bringing its total to 148,860 shares valued at approximately $15.21 million.
• Despite a quarterly revenue decline of 3.6% year-over-year, Aercap reported earnings per share of $2.83, exceeding the consensus estimate by $0.08.
• Aercap's quarterly dividend of $0.27 represents an annualized yield of 1.0%, with a low payout ratio of 6.72%.

Citigroup Inc. boosted its holdings in Aercap Holdings N.V. (NYSE:AER - Free Report) by 3.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 148,860 shares of the financial services provider's stock after buying an additional 5,451 shares during the period. Citigroup Inc. owned 0.08% of Aercap worth $15,209,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AER. Signaturefd LLC grew its stake in Aercap by 1.8% during the first quarter. Signaturefd LLC now owns 5,819 shares of the financial services provider's stock worth $595,000 after buying an additional 102 shares during the period. Allworth Financial LP lifted its holdings in shares of Aercap by 8.0% during the 1st 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. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Aercap by 0.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 24,096 shares of the financial services provider's stock valued at $2,301,000 after acquiring an additional 209 shares in the last quarter. Mather Group LLC. increased its holdings in Aercap by 230.1% in the 1st 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. Finally, Winthrop Capital Management LLC increased its holdings in Aercap by 4.9% in the 1st quarter. Winthrop Capital Management LLC now owns 4,602 shares of the financial services provider's stock valued at $470,000 after purchasing an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Barclays raised their price objective on Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Susquehanna reiterated a "positive" rating and issued a $134.00 target price (up previously from $130.00) on shares of Aercap in a research note on Wednesday, August 13th. Morgan Stanley boosted 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, JPMorgan Chase & Co. boosted their price target on Aercap from $112.00 to $114.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $122.57.

Aercap Stock Up 0.4%

Aercap stock traded up $0.5040 during midday trading on Tuesday, hitting $115.0340. 264,019 shares of the company were exchanged, compared to its average volume of 1,466,492. The company's fifty day moving average price is $113.55 and its 200-day moving average price is $106.86. The company has a market cap of $21.49 billion, a PE ratio of 7.15, a price-to-earnings-growth ratio of 2.26 and a beta of 1.44. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.44 and a quick ratio of 0.44. Aercap Holdings N.V. has a fifty-two week low of $85.57 and a fifty-two week high of $118.07.

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

Aercap Dividend Announcement

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

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.