J. Safra Sarasin Holding AG Buys 14,222 Shares of Aercap Holdings N.V. $AER

Key Points

• J. Safra Sarasin Holding AG boosted its stake in Aercap by 135.7%, purchasing 14,222 shares to hold 24,706 shares valued at $3.552 million at the end of the quarter.
• Aercap beat expectations in the quarter with EPS of $3.95 (vs. $3.31 est.) and revenue of $2.36 billion (vs. $2.07B est.), posting a 44.04% net margin and 8.3% year‑over‑year revenue growth.
• The firm raised its quarterly dividend to $0.40 (annualized $1.60) for a roughly 1.2% yield, up from $0.27, while maintaining a low payout ratio of 7.5%.

J. Safra Sarasin Holding AG boosted its stake in Aercap Holdings N.V. (NYSE:AER - Free Report) by 135.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,706 shares of the financial services provider's stock after purchasing an additional 14,222 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Aercap were worth $3,552,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wedmont Private Capital increased its holdings in Aercap by 3.9% in the 4th quarter. Wedmont Private Capital now owns 1,979 shares of the financial services provider's stock valued at $290,000 after buying an additional 74 shares during the period. Argentarii LLC lifted its holdings in shares of Aercap by 2.8% during the 4th quarter. Argentarii LLC now owns 2,793 shares of the financial services provider's stock worth $402,000 after acquiring an additional 77 shares during the period. Savant Capital LLC boosted its position in shares of Aercap by 2.4% during the 3rd quarter. Savant Capital LLC now owns 3,417 shares of the financial services provider's stock worth $413,000 after acquiring an additional 80 shares in the last quarter. Kathmere Capital Management LLC boosted its position in shares of Aercap by 3.9% during the 3rd quarter. Kathmere Capital Management LLC now owns 2,246 shares of the financial services provider's stock worth $272,000 after acquiring an additional 85 shares in the last quarter. Finally, Huntington National Bank increased its stake in Aercap by 11.7% in the third quarter. Huntington National Bank now owns 895 shares of the financial services provider's stock valued at $108,000 after acquiring an additional 94 shares during the last quarter. Institutional investors own 96.42% of the company's stock.

Aercap Price Performance

Shares of AER opened at $137.38 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 2.38. The stock has a market cap of $22.93 billion, a PE ratio of 6.44, a PEG ratio of 1.16 and a beta of 1.01. Aercap Holdings N.V. has a 12-month low of $85.57 and a 12-month high of $154.94. The business has a 50-day simple moving average of $142.74 and a two-hundred day simple moving average of $136.41.

Aercap (NYSE:AER - Get Free Report) last announced its quarterly earnings results on Saturday, February 7th. The financial services provider reported $3.95 EPS for the quarter, beating analysts' consensus estimates of $3.31 by $0.64. The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.07 billion. Aercap had a return on equity of 15.11% and a net margin of 44.04%.The business's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the firm posted $3.31 earnings per share. Analysts anticipate that Aercap Holdings N.V. will post 11.29 earnings per share for the current fiscal year.

Aercap Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Wednesday, February 25th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, February 25th. This is a positive change from Aercap's previous quarterly dividend of $0.27. Aercap's payout ratio is presently 7.50%.

Analysts Set New Price Targets

Several research firms have weighed in on AER. Truist Financial began coverage on Aercap in a research note on Tuesday, December 9th. They set a "buy" rating and a $159.00 target price for the company. Weiss Ratings reiterated a "buy (b+)" rating on shares of Aercap in a research note on Wednesday, January 21st. Barclays boosted their price target on Aercap from $144.00 to $162.00 and gave the stock an "overweight" rating in a report on Tuesday, January 6th. Morgan Stanley upped their price objective on Aercap from $150.00 to $160.00 and gave the stock an "equal weight" rating in a research report on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft set a $175.00 price objective on Aercap and gave the company a "buy" rating in a research note on Tuesday, February 10th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $153.38.

Aercap Company 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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