Hartford Investment Management Co. Takes $259,000 Position in Aercap Holdings N.V. $AER

Key Points

• Hartford Investment Management Co. acquired a new position in Aercap Holdings N.V. during the second quarter, purchasing 2,214 shares valued at approximately $259,000.
• Aercap reported earnings of $2.83 per share for the last quarter, exceeding the consensus estimate by $0.08, although revenue decreased by 3.6% year-over-year.
• The company declared a quarterly dividend of $0.27 per share, representing an annualized yield of 0.9% with a dividend payout ratio of 6.72%.

Hartford Investment Management Co. acquired a new stake in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,214 shares of the financial services provider's stock, valued at approximately $259,000.

A number of other institutional investors have also recently made changes to their positions in AER. Mather Group LLC. boosted its stake in shares of Aercap by 230.1% during the first quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 214 shares during the period. Quarry LP purchased a new stake in shares of Aercap during the first quarter valued at approximately $37,000. Geneos Wealth Management Inc. boosted its stake in shares of Aercap by 26.6% during the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 94 shares during the period. Summit Securities Group LLC purchased a new stake in Aercap in the first quarter worth $64,000. Finally, Blue Trust Inc. lifted its stake in Aercap by 42.2% in the first quarter. Blue Trust Inc. now owns 1,318 shares of the financial services provider's stock worth $135,000 after acquiring an additional 391 shares during the period. Hedge funds and other institutional investors own 96.42% of the company's stock.

Aercap Price Performance

Shares of NYSE:AER opened at $123.18 on Monday. Aercap Holdings N.V. has a 1-year low of $85.57 and a 1-year high of $125.45. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.44 and a quick ratio of 0.44. The business has a fifty day moving average price of $117.22 and a 200-day moving average price of $111.29. The company has a market capitalization of $23.01 billion, a PE ratio of 7.66, a PEG ratio of 2.46 and a beta of 1.45.

Aercap (NYSE:AER - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.08. Aercap had a return on equity of 13.13% and a net margin of 36.93%.The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the company earned $3.01 earnings per share. The company's 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 analysts expect 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. Investors of record on Wednesday, August 13th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $1.08 annualized dividend and a dividend yield of 0.9%. Aercap's dividend payout ratio (DPR) is 6.72%.

Analyst Upgrades and Downgrades

AER has been the subject of a number of research analyst reports. Susquehanna raised their price target on Aercap from $130.00 to $134.00 and gave the stock a "positive" rating in a research note on Wednesday, August 13th. Morgan Stanley increased their price objective on Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Finally, Barclays increased their price objective on Aercap from $115.00 to $131.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Six investment 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 data from MarketBeat, Aercap has a consensus rating of "Moderate Buy" and an average price target of $122.57.

Aercap 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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