MBB Public Markets I LLC Makes New $52.79 Million Investment in Aercap Holdings N.V. $AER

Key Points

• MBB Public Markets I LLC has acquired 516,726 shares of Aercap Holdings N.V., valued at approximately $52.8 million, making it the firm's second-largest position.
• Aercap Holdings reported earnings of $2.83 per share, exceeding expectations, but saw a 3.6% year-over-year revenue decline with current guidance pointing to a slightly lower EPS for the year.
• The company's stock has seen increasing institutional investment, with 96.42% of shares currently held by institutional investors, including significant increases by firms like Dorsey Asset Management and JPMorgan Chase & Co..

MBB Public Markets I LLC bought a new stake in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 516,726 shares of the financial services provider's stock, valued at approximately $52,794,000. Aercap comprises approximately 5.8% of MBB Public Markets I LLC's investment portfolio, making the stock its 2nd biggest holding. MBB Public Markets I LLC owned 0.28% of Aercap at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. 59 North Capital Management LP increased its holdings in shares of Aercap by 40.6% during the 1st quarter. 59 North Capital Management LP now owns 5,209,534 shares of the financial services provider's stock worth $532,258,000 after purchasing an additional 1,504,620 shares during the period. Dorsey Asset Management LLC acquired a new stake in Aercap during the first quarter worth about $116,325,000. Millennium Management LLC increased its stake in Aercap by 190.7% during the fourth quarter. Millennium Management LLC now owns 1,074,931 shares of the financial services provider's stock valued at $102,871,000 after acquiring an additional 705,212 shares during the period. JPMorgan Chase & Co. increased its stake in Aercap by 43.7% during the first quarter. JPMorgan Chase & Co. now owns 2,298,552 shares of the financial services provider's stock valued at $234,843,000 after acquiring an additional 699,520 shares during the period. Finally, Nuveen LLC acquired a new position in Aercap in the 1st quarter valued at approximately $54,951,000. 96.42% of the stock is owned by institutional investors.

Aercap Price Performance

Shares of Aercap stock traded up $2.64 during mid-day trading on Thursday, reaching $124.07. 1,585,006 shares of the stock were exchanged, compared to its average volume of 1,904,601. Aercap Holdings N.V. has a fifty-two week low of $85.57 and a fifty-two week high of $125.45. The company has a market cap of $23.17 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 2.43 and a beta of 1.46. The firm has a 50-day simple moving average of $115.73 and a 200 day simple moving average of $109.52. 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 (NYSE:AER - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.08. Aercap had a net margin of 36.93% and a return on equity of 13.13%. The firm had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $2.03 billion. During the same period in the prior year, the firm earned $3.01 earnings per share. The company's quarterly revenue was down 3.6% compared to the same quarter last year. Aercap has set its FY 2025 guidance at 11.600-11.600 EPS. On average, sell-side analysts predict that Aercap Holdings N.V. will post 11.29 EPS for the current fiscal year.

Aercap Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders 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 payout ratio is currently 6.72%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AER. Barclays lifted 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. Susquehanna boosted their price target on shares of Aercap from $130.00 to $134.00 and gave the company a "positive" rating in a report on Wednesday, August 13th. Finally, Morgan Stanley raised their price objective on shares of Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Six 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.com, the stock currently has an average 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.