Epiq Partners LLC Trims Position in Aercap Holdings N.V. $AER

Key Points

• Epiq Partners LLC reduced its stake in Aercap Holdings N.V. by 13.3%, selling 3,520 shares, which now comprises 1.4% of its portfolio valued at approximately $2.69 million.
• Multiple analysts have upgraded their target prices for Aercap, with Barclays, Morgan Stanley, and Susquehanna raising theirs to a range of $120.00 to $134.00, resulting in a consensus rating of "Moderate Buy."
• Aercap recently reported earnings of $2.83 per share, exceeding analysts’ expectations, though revenue was below estimates, with a forecast of 11.29 EPS for the current fiscal year.

Epiq Partners LLC lessened its holdings in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 13.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,010 shares of the financial services provider's stock after selling 3,520 shares during the quarter. Aercap makes up approximately 1.4% of Epiq Partners LLC's portfolio, making the stock its 27th largest holding. Epiq Partners LLC's holdings in Aercap were worth $2,692,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Fiduciary Alliance LLC raised its position in shares of Aercap by 0.4% in the second quarter. Fiduciary Alliance LLC now owns 23,310 shares of the financial services provider's stock valued at $2,727,000 after purchasing an additional 93 shares during the period. Geneos Wealth Management Inc. boosted its stake in Aercap by 26.6% during the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider's stock worth $46,000 after buying an additional 94 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Aercap by 1.8% during the first quarter. Signaturefd LLC now owns 5,819 shares of the financial services provider's stock valued at $595,000 after acquiring an additional 102 shares during the period. Allworth Financial LP lifted its holdings in shares of Aercap by 8.0% during the first 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 during the period. Finally, Covestor Ltd lifted its holdings in shares of Aercap by 9.6% during the first quarter. Covestor Ltd now owns 1,422 shares of the financial services provider's stock valued at $145,000 after acquiring an additional 125 shares during the period. Institutional investors own 96.42% of the company's stock.

Aercap Trading Down 0.9%

Shares of Aercap stock traded down $1.09 on Friday, reaching $120.15. 1,285,414 shares of the company's stock were exchanged, compared to its average volume of 1,790,165. 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 52 week low of $85.57 and a 52 week high of $125.45. The firm's 50-day moving average is $116.41 and its two-hundred day moving average is $110.32. The company has a market capitalization of $22.44 billion, a P/E ratio of 7.47, a price-to-earnings-growth ratio of 2.43 and a beta of 1.46.

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 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 for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.01 earnings per share. Aercap has set its FY 2025 guidance at 11.600-11.600 EPS. Sell-side analysts predict that Aercap Holdings N.V. will post 11.29 EPS for the current fiscal year.

Aercap Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AER. Susquehanna lifted their price target on Aercap from $130.00 to $134.00 and gave the company a "positive" rating in a report on Wednesday, August 13th. Barclays upped their price target on Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Finally, Morgan Stanley upped 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. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price 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.