Mirae Asset Global Investments Co. Ltd. Purchases 9,282 Shares of Aercap Holdings N.V. $AER

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its holdings in Aercap Holdings N.V. by 84.4%, acquiring an additional 9,282 shares during the second quarter.
• Aercap recently declared a quarterly dividend of $0.27 per share, with an annualized yield of 0.9% and a payout ratio of 6.72%.
• Analysts have a consensus rating of "Moderate Buy" for Aercap, with target price increases from firms such as Barclays and Morgan Stanley, reflecting positive outlooks for the stock.

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 84.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,278 shares of the financial services provider's stock after buying an additional 9,282 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Aercap were worth $2,373,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. J. Safra Sarasin Holding AG raised its position in shares of Aercap by 33.7% in the second quarter. J. Safra Sarasin Holding AG now owns 19,998 shares of the financial services provider's stock valued at $2,340,000 after buying an additional 5,045 shares in the last quarter. Ninety One SA PTY Ltd acquired a new stake in shares of Aercap in the second quarter valued at approximately $445,000. Ninety One UK Ltd raised its position in shares of Aercap by 44.8% in the second quarter. Ninety One UK Ltd now owns 2,794,925 shares of the financial services provider's stock valued at $327,006,000 after buying an additional 864,348 shares in the last quarter. Truist Financial Corp raised its position in shares of Aercap by 11.2% in the second quarter. Truist Financial Corp now owns 49,599 shares of the financial services provider's stock valued at $5,803,000 after buying an additional 5,004 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Aercap by 1.1% in the second quarter. Janney Montgomery Scott LLC now owns 463,604 shares of the financial services provider's stock valued at $54,242,000 after buying an additional 5,111 shares in the last quarter. Institutional investors own 96.42% of the company's stock.

Aercap Price Performance

AER stock opened at $123.69 on Wednesday. The company has a fifty day moving average price of $118.78 and a 200-day moving average price of $112.23. The company has a market capitalization of $23.10 billion, a P/E ratio of 7.69, a PEG ratio of 2.51 and a beta of 1.40. Aercap Holdings N.V. has a 52-week low of $85.57 and a 52-week high of $126.27. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.44 and a current ratio of 0.44.

Aercap (NYSE:AER - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $2.83 EPS for the quarter, topping analysts' consensus estimates of $2.75 by $0.08. The company had revenue of $1.89 billion for 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 firm's quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.01 earnings per share. 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 year.

Aercap Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders 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 dividend on an annualized basis and a yield of 0.9%. Aercap's dividend payout ratio is 6.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AER shares. Morgan Stanley upped their price objective on shares of Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Weiss Ratings reaffirmed a "buy (b+)" rating on shares of Aercap in a report on Saturday, September 27th. Susquehanna raised their target price on Aercap from $130.00 to $134.00 and gave the company a "positive" rating in a report on Wednesday, August 13th. Finally, Barclays raised their target price on Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Seven research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Aercap has a consensus rating of "Moderate Buy" and a consensus price target of $122.57.

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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