Ninety One UK Ltd Grows Position in Aercap Holdings N.V. $AER

Key Points

• Ninety One UK Ltd has increased its stake in Aercap Holdings N.V. by 44.8%, holding nearly 2.8 million shares valued at approximately $327 million.
• Aercap's stock has been receiving positive analyst attention, with firms like Morgan Stanley and Barclays raising their price targets, indicating a consensus rating of "Moderate Buy."
• The company recently declared a $0.27 quarterly dividend, which represents an annualized dividend yield of 0.9%.

Ninety One UK Ltd increased its position in Aercap Holdings N.V. (NYSE:AER - Free Report) by 44.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,794,925 shares of the financial services provider's stock after purchasing an additional 864,348 shares during the period. Ninety One UK Ltd owned 1.50% of Aercap worth $327,006,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in shares of Aercap by 17.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 24,501 shares of the financial services provider's stock worth $2,345,000 after buying an additional 3,715 shares during the period. GAMMA Investing LLC boosted its stake in Aercap by 10,117.0% during the first quarter. GAMMA Investing LLC now owns 25,236 shares of the financial services provider's stock worth $2,578,000 after acquiring an additional 24,989 shares in the last quarter. Rhumbline Advisers grew its holdings in Aercap by 10.0% in the first quarter. Rhumbline Advisers now owns 56,486 shares of the financial services provider's stock worth $5,771,000 after purchasing an additional 5,137 shares during the period. Merit Financial Group LLC purchased a new stake in Aercap in the first quarter worth about $475,000. Finally, Sendero Wealth Management LLC increased its stake in shares of Aercap by 13.0% during the first quarter. Sendero Wealth Management LLC now owns 15,460 shares of the financial services provider's stock valued at $1,580,000 after purchasing an additional 1,777 shares in the last quarter. Institutional investors own 96.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AER shares. Morgan Stanley boosted their price target on Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Barclays boosted their target price on Aercap from $115.00 to $131.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Finally, Susquehanna raised their price target on Aercap from $130.00 to $134.00 and gave the company a "positive" rating in a report on Wednesday, August 13th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $122.57.

Aercap Stock Down 0.3%

Aercap stock opened at $121.07 on Wednesday. Aercap Holdings N.V. has a 12 month low of $85.57 and a 12 month high of $125.45. The stock has a fifty day simple moving average of $117.59 and a two-hundred day simple moving average of $111.50. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 2.57. The firm has a market cap of $22.61 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 2.43 and a beta of 1.45.

Aercap (NYSE:AER - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $2.83 EPS for the quarter, beating the consensus estimate of $2.75 by $0.08. Aercap had a return on equity of 13.13% and a net margin of 36.93%.The company had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $2.03 billion. During the same period last year, the firm posted $3.01 earnings per share. Aercap's 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. Equities analysts predict that Aercap Holdings N.V. will post 11.29 EPS for the current fiscal year.

Aercap Announces Dividend

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

About Aercap

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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