Handelsbanken Fonder AB Buys 36,373 Shares of Aercap Holdings N.V. $AER

Key Points

• Handelsbanken Fonder AB increased its AerCap stake by 321.1% in the second quarter, purchasing 36,373 additional shares for a total holding of 47,700 shares valued at $6.95 million. Institutional investors collectively own 96.42% of the company.
• AerCap reported strong quarterly results, with EPS of $5.14 beating estimates by $1.00 and revenue rising 14.9% year over year to $2.22 billion. The company also authorized a $1 billion share buyback and declared a quarterly dividend of $0.40 per share.
• Wall Street remains positive on AerCap, with an average “Buy” rating and a consensus price target of $172.56, above the reported share price of $152.17.

Handelsbanken Fonder AB raised its stake in Aercap Holdings N.V. (NYSE:AER - Free Report) by 321.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,700 shares of the financial services provider's stock after buying an additional 36,373 shares during the period. Handelsbanken Fonder AB's holdings in Aercap were worth $6,954,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AER. Groupe la Francaise lifted its stake in shares of Aercap by 221.4% in the 1st quarter. Groupe la Francaise now owns 180 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 124 shares during the last quarter. Greenline Wealth Management LLC bought a new stake in Aercap during the 4th quarter worth $30,000. Advisory Services Network LLC bought a new stake in Aercap during the 3rd quarter worth $35,000. Cedar Mountain Advisors LLC acquired a new position in Aercap in the 1st quarter worth about $44,000. Finally, Geneos Wealth Management Inc. increased its holdings in Aercap by 26.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider's stock worth $46,000 after purchasing an additional 94 shares in the last quarter. Institutional investors own 96.42% of the company's stock.

Aercap Stock Up 2.0%

Shares of AER opened at $152.17 on Friday. The stock's 50-day moving average price is $148.00 and its two-hundred day moving average price is $144.15. Aercap Holdings N.V. has a 12 month low of $112.10 and a 12 month high of $158.80. The company has a market capitalization of $25.39 billion, a PE ratio of 7.49, a PEG ratio of 0.59 and a beta of 0.93. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 2.32.

Aercap (NYSE:AER - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $5.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.14 by $1.00. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.10 billion. Aercap had a return on equity of 17.60% and a net margin of 37.85%.The firm's revenue was up 14.9% compared to the same quarter last year. During the same period last year, the company earned $2.83 earnings per share. Aercap has set its FY 2026 guidance at 16.800-16.800 EPS. On average, analysts anticipate that Aercap Holdings N.V. will post 18.95 EPS for the current year.

Aercap announced that its board has approved a share buyback plan on Wednesday, April 29th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Aercap Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 12th will be issued a dividend of $0.40 per share. The ex-dividend date is Wednesday, August 12th. This represents a $1.60 annualized dividend and a yield of 1.1%. Aercap's dividend payout ratio (DPR) is presently 7.87%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barclays lifted their price target on Aercap from $164.00 to $179.00 and gave the company an "overweight" rating in a research note on Tuesday, July 7th. Zacks Research raised Aercap from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 20th. Susquehanna raised their price objective on shares of Aercap from $170.00 to $176.00 and gave the company a "positive" rating in a report on Tuesday, July 7th. TD Cowen lifted their target price on shares of Aercap from $175.00 to $180.00 and gave the stock a "buy" rating in a research report on Thursday, July 16th. Finally, Morgan Stanley boosted their target price on shares of Aercap from $155.00 to $165.00 and gave the stock an "equal weight" rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $172.56.

Aercap Profile

AerCap Holdings N.V. NYSE: AER is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.

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