Clarius Group LLC Buys Shares of 2,179 Aercap Holdings N.V. $AER

Key Points

• Clarius Group LLC acquired 2,179 shares of Aercap Holdings N.V., valued at approximately $255,000, in the second quarter of 2023.
• Several institutional investors have raised their stakes in Aercap recently, with 96.42% of the company's stock now owned by these investors.
• Aercap's recent earnings report showed a beat on EPS estimates at $2.83, with a consensus rating of "Moderate Buy" from analysts and a target price of $122.57.

Clarius Group LLC purchased a new position in Aercap Holdings N.V. (NYSE:AER - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,179 shares of the financial services provider's stock, valued at approximately $255,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. 59 North Capital Management LP raised its holdings in Aercap by 40.6% in the first quarter. 59 North Capital Management LP now owns 5,209,534 shares of the financial services provider's stock worth $532,258,000 after purchasing an additional 1,504,620 shares in the last quarter. Ninety One UK Ltd raised its stake in shares of Aercap by 44.8% during the 2nd quarter. Ninety One UK Ltd now owns 2,794,925 shares of the financial services provider's stock worth $327,006,000 after acquiring an additional 864,348 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Aercap by 43.7% during the 1st quarter. JPMorgan Chase & Co. now owns 2,298,552 shares of the financial services provider's stock worth $234,843,000 after acquiring an additional 699,520 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Aercap by 1.9% during the first quarter. Ameriprise Financial Inc. now owns 1,950,255 shares of the financial services provider's stock valued at $200,278,000 after acquiring an additional 36,398 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Aercap by 2.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,814,146 shares of the financial services provider's stock valued at $185,352,000 after acquiring an additional 49,537 shares in the last quarter. Institutional investors own 96.42% of the company's stock.

Analysts Set New Price Targets

AER has been the topic of a number of recent analyst reports. Barclays upped their price target on Aercap from $115.00 to $131.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Susquehanna upped their target price on Aercap from $130.00 to $134.00 and gave the company a "positive" rating in a research report on Wednesday, August 13th. Weiss Ratings reiterated a "buy (b+)" rating on shares of Aercap in a research note on Saturday, September 27th. Finally, Morgan Stanley raised their price target on Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Seven 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 company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.57.

Aercap Stock Down 0.3%

NYSE:AER opened at $125.13 on Tuesday. The firm has a market capitalization of $23.37 billion, a P/E ratio of 7.78, a PEG ratio of 2.51 and a beta of 1.40. Aercap Holdings N.V. has a 1-year low of $85.57 and a 1-year high of $126.27. The company's fifty day moving average price is $118.56 and its 200-day moving average price is $112.15. 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 (NYSE:AER - Get Free Report) last posted 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 net margin of 36.93% and a return on equity of 13.13%. The company 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 firm'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. As a group, equities research analysts anticipate that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Wednesday, August 13th were issued a dividend of $0.27 per share. 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 (DPR) is 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.

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