KLP Kapitalforvaltning AS Increases Stock Position in Aercap Holdings N.V. $AER

Key Points

• KLP Kapitalforvaltning AS has increased its stake in Aercap Holdings N.V. by 4.6%, now holding approximately 169,000 shares worth about $19.77 million.
• Several hedge funds, including Mirae Asset Global Investments Co. Ltd., have also raised their positions in Aercap during the second quarter, reflecting growing institutional interest in the stock.
• Analysts are optimistic about Aercap's future, with Morgan Stanley and Barclays raising their price targets, signaling a generally positive outlook for the company's performance.

KLP Kapitalforvaltning AS lifted its holdings in Aercap Holdings N.V. (NYSE:AER - Free Report) by 4.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 169,000 shares of the financial services provider's stock after purchasing an additional 7,400 shares during the period. KLP Kapitalforvaltning AS owned about 0.09% of Aercap worth $19,773,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. SteelPeak Wealth LLC purchased a new stake in shares of Aercap in the 2nd quarter worth approximately $2,413,000. O Keefe Stevens Advisory Inc. lifted its position in shares of Aercap by 4.3% in the 2nd quarter. O Keefe Stevens Advisory Inc. now owns 111,293 shares of the financial services provider's stock worth $13,021,000 after purchasing an additional 4,590 shares during the period. Clarius Group LLC purchased a new stake in shares of Aercap in the 2nd quarter worth approximately $255,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Aercap by 84.4% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,278 shares of the financial services provider's stock worth $2,373,000 after purchasing an additional 9,282 shares during the period. Finally, J. Safra Sarasin Holding AG lifted its position in shares of Aercap by 33.7% in the 2nd quarter. J. Safra Sarasin Holding AG now owns 19,998 shares of the financial services provider's stock worth $2,340,000 after purchasing an additional 5,045 shares during the period. Hedge funds and other institutional investors own 96.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AER. Morgan Stanley boosted 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. Susquehanna boosted their price objective on shares of Aercap from $130.00 to $134.00 and gave the stock a "positive" rating in a research note on Wednesday, August 13th. Weiss Ratings reiterated a "buy (b+)" rating on shares of Aercap in a research note on Wednesday. Finally, Barclays boosted their price objective on shares of Aercap from $115.00 to $131.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $122.57.

Aercap Trading Down 1.4%

Shares of Aercap stock opened at $121.93 on Thursday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 2.57. Aercap Holdings N.V. has a 12-month low of $85.57 and a 12-month high of $126.27. The firm has a market capitalization of $22.77 billion, a price-to-earnings ratio of 7.58, a PEG ratio of 2.47 and a beta of 1.40. The firm's 50 day simple moving average is $119.04 and its two-hundred day simple moving average is $112.29.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.75 by $0.08. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.03 billion. Aercap had a net margin of 36.93% and a return on equity of 13.13%. Aercap's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.01 EPS. Aercap has set its FY 2025 guidance at 11.600-11.600 EPS. Analysts predict that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Dividend Announcement

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

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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