Dorsey Asset Management LLC Buys New Position in Aercap Holdings N.V. $AER

Key Points

• Dorsey Asset Management LLC has made a new investment of $116.33 million in Aercap Holdings N.V., acquiring approximately 1,138,542 shares which represents about 12.3% of its total holdings.
• Aercap recently reported quarterly earnings with $2.83 earnings per share, exceeding analysts' expectations of $2.75, though its revenue was down 3.6% year-over-year.
• The company has declared a quarterly dividend of $0.27 per share, with a projected annual yield of 0.9%, and a dividend payout ratio of 6.72%.

Dorsey Asset Management LLC acquired a new stake in Aercap Holdings N.V. (NYSE:AER - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,138,542 shares of the financial services provider's stock, valued at approximately $116,325,000. Aercap comprises approximately 12.3% of Dorsey Asset Management LLC's investment portfolio, making the stock its 4th biggest holding. Dorsey Asset Management LLC owned approximately 0.61% of Aercap as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. 140 Summer Partners LP raised its position in shares of Aercap by 4.2% during the first quarter. 140 Summer Partners LP now owns 898,001 shares of the financial services provider's stock worth $91,749,000 after acquiring an additional 36,427 shares during the last quarter. 59 North Capital Management LP raised its position in shares of Aercap by 40.6% during 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 acquiring an additional 1,504,620 shares during the last quarter. PDT Partners LLC raised its position in shares of Aercap by 170.7% during the first quarter. PDT Partners LLC now owns 49,292 shares of the financial services provider's stock worth $5,036,000 after acquiring an additional 31,081 shares during the last quarter. Steamboat Capital Partners LLC grew its stake in shares of Aercap by 35.5% during the first quarter. Steamboat Capital Partners LLC now owns 130,000 shares of the financial services provider's stock worth $13,282,000 after purchasing an additional 34,048 shares during the period. Finally, Quarry LP bought a new stake in Aercap in the first quarter valued at about $37,000. Institutional investors own 96.42% of the company's stock.

Analyst Ratings Changes

AER has been the topic of several analyst reports. Barclays increased their target price on Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Morgan Stanley lifted their price objective 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, Susquehanna boosted their price objective on shares of Aercap from $130.00 to $134.00 and gave the company a "positive" rating in a report on Wednesday, August 13th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Aercap has a consensus rating of "Moderate Buy" and a consensus price target of $122.57.

Aercap Stock Down 0.4%

Shares of NYSE AER traded down $0.53 during mid-day trading on Monday, reaching $123.00. 2,353,550 shares of the company's stock were exchanged, compared to its average volume of 1,536,599. The firm has a market capitalization of $22.97 billion, a price-to-earnings ratio of 7.65, a PEG ratio of 2.47 and a beta of 1.45. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 2.57. The business has a fifty day simple moving average of $115.20 and a 200 day simple moving average of $109.04. Aercap Holdings N.V. has a twelve month low of $85.57 and a twelve month high of $125.45.

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

Aercap Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Wednesday, August 13th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, August 13th. Aercap's dividend payout ratio (DPR) is currently 6.72%.

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.