LGT Fund Management Co Ltd. Sells 9,489 Shares of Aercap Holdings N.V. $AER

Key Points

• LGT Fund Management Co Ltd. reduced its stake in Aercap Holdings N.V. by 11.1% during the second quarter, selling 9,489 shares and now owning a total of 75,904 shares valued at approximately $8.88 million.
• Analysts have issued a generally positive outlook on Aercap, with multiple research firms raising their price targets, resulting in an average target price of $122.57 and a current rating of "Moderate Buy."
• Aercap announced a quarterly dividend of $0.27 per share, representing an annualized yield of 0.9%, with a declared payout ratio of 6.72%.

LGT Fund Management Co Ltd. trimmed its stake in Aercap Holdings N.V. (NYSE:AER - Free Report) by 11.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,904 shares of the financial services provider's stock after selling 9,489 shares during the period. LGT Fund Management Co Ltd.'s holdings in Aercap were worth $8,881,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AER. Wealth Enhancement Advisory Services LLC increased its position in shares of Aercap by 17.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 24,501 shares of the financial services provider's stock worth $2,345,000 after purchasing an additional 3,715 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Aercap by 10,117.0% in the first quarter. GAMMA Investing LLC now owns 25,236 shares of the financial services provider's stock worth $2,578,000 after purchasing an additional 24,989 shares during the last quarter. Rhumbline Advisers grew its position in Aercap by 10.0% during the first quarter. Rhumbline Advisers now owns 56,486 shares of the financial services provider's stock valued at $5,771,000 after acquiring an additional 5,137 shares during the last quarter. Merit Financial Group LLC bought a new position in Aercap during the first quarter valued at approximately $475,000. Finally, OLD National Bancorp IN bought a new position in Aercap during the first quarter valued at approximately $206,000. 96.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Barclays increased their price target on shares of Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Weiss Ratings reiterated a "buy (b+)" rating on shares of Aercap in a research report on Saturday, September 27th. Susquehanna increased their price target on shares of Aercap from $130.00 to $134.00 and gave the company a "positive" rating in a research report on Wednesday, August 13th. Finally, Morgan Stanley increased their price target on shares of Aercap from $111.00 to $120.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Seven equities research 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $122.57.

Aercap Stock Performance

NYSE:AER opened at $125.58 on Friday. The firm has a market cap of $23.46 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of 2.49 and a beta of 1.40. Aercap Holdings N.V. has a fifty-two week low of $85.57 and a fifty-two week high of $125.93. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.44 and a current ratio of 0.44. The business has a 50 day moving average price of $118.30 and a 200-day moving average price of $111.88.

Aercap (NYSE:AER - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share for the quarter, beating analysts' consensus estimates of $2.75 by $0.08. The firm had revenue of $1.89 billion during 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%.The business's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.01 earnings per share. Aercap has set its FY 2025 guidance at 11.600-11.600 EPS. Equities research analysts predict that Aercap Holdings N.V. will post 11.29 earnings per share for the current year.

Aercap Dividend Announcement

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

Aercap Company 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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