Cresset Asset Management LLC Acquires 2,934 Shares of Aercap Holdings N.V. $AER

Key Points

• Cresset Asset Management LLC increased its stake in Aercap Holdings N.V. by 39.6%, owning a total of 10,334 shares valued at approximately $1,059,000 after recent purchases.
• Brokerages have raised their target prices for Aercap, with Barclays increasing it from $115.00 to $131.00, reflecting a growing optimism among analysts about the company's performance.
• Aercap recently declared a quarterly dividend of $0.27 per share, translating to an annualized dividend yield of 0.9% and highlighting the company's commitment to returning value to shareholders.

Cresset Asset Management LLC boosted its position in Aercap Holdings N.V. (NYSE:AER - Free Report) by 39.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,334 shares of the financial services provider's stock after purchasing an additional 2,934 shares during the quarter. Cresset Asset Management LLC's holdings in Aercap were worth $1,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of AER. Raymond James Financial Inc. purchased a new stake in Aercap in the 4th quarter worth approximately $3,284,000. First Trust Advisors LP increased its holdings in shares of Aercap by 18.2% in the 4th quarter. First Trust Advisors LP now owns 5,478 shares of the financial services provider's stock worth $524,000 after buying an additional 842 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Aercap by 35.3% in the 4th quarter. MetLife Investment Management LLC now owns 22,600 shares of the financial services provider's stock worth $2,163,000 after buying an additional 5,900 shares during the last quarter. MML Investors Services LLC increased its holdings in shares of Aercap by 8.9% in the 4th quarter. MML Investors Services LLC now owns 58,155 shares of the financial services provider's stock worth $5,565,000 after buying an additional 4,761 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Aercap by 11,446.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,002 shares of the financial services provider's stock worth $287,000 after buying an additional 2,976 shares during the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Aercap Trading Down 1.1%

Shares of AER stock traded down $1.37 on Wednesday, hitting $122.32. 367,884 shares of the company's stock traded hands, compared to its average volume of 1,494,579. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.44 and a current ratio of 0.44. Aercap Holdings N.V. has a one year low of $85.57 and a one year high of $123.79. The company's fifty day simple moving average is $113.89 and its 200 day simple moving average is $107.72. The stock has a market capitalization of $22.85 billion, a price-to-earnings ratio of 7.60, a P/E/G ratio of 2.41 and a beta of 1.44.

Aercap (NYSE:AER - Get Free Report) last released its earnings results 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. Aercap had a net margin of 36.93% and a return on equity of 13.13%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the firm earned $3.01 EPS. The firm's quarterly 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. Equities analysts forecast that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Wednesday, August 13th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $1.08 annualized dividend and a dividend yield of 0.9%. Aercap's dividend payout ratio (DPR) is currently 6.72%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Morgan Stanley increased their price target on shares of Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Barclays increased their price target on shares of Aercap from $115.00 to $131.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. increased their price target on shares of Aercap from $112.00 to $114.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Susquehanna increased their price target on shares of Aercap from $130.00 to $134.00 and gave the stock a "positive" rating in a report on Wednesday, August 13th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $122.57.

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.