Nuveen LLC Buys Shares of 537,835 Aercap Holdings N.V. $AER

Key Points

• Nuveen LLC invested approximately $54.95 million in Aercap Holdings N.V., acquiring 537,835 shares, which represent 0.29% ownership in the company.
• Analysts have raised their price targets for Aercap, with Barclays increasing it from $115.00 to $131.00, indicating a generally positive outlook on the stock.
• Aercap announced a quarterly dividend of $0.27, with a dividend yield of 1.0%, scheduled for payment on September 4th.

Nuveen LLC acquired a new position in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 537,835 shares of the financial services provider's stock, valued at approximately $54,951,000. Nuveen LLC owned approximately 0.29% of Aercap as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. purchased a new position in Aercap during the 4th quarter worth approximately $27,000. Mather Group LLC. grew its holdings in shares of Aercap by 230.1% during the 1st quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 214 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Aercap by 42.2% during the 1st quarter. Blue Trust Inc. now owns 1,318 shares of the financial services provider's stock valued at $135,000 after acquiring an additional 391 shares in the last quarter. Covestor Ltd grew its holdings in shares of Aercap by 9.6% during the 1st quarter. Covestor Ltd now owns 1,422 shares of the financial services provider's stock valued at $145,000 after acquiring an additional 125 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of Aercap by 473.2% during the 1st quarter. Bessemer Group Inc. now owns 1,473 shares of the financial services provider's stock valued at $150,000 after acquiring an additional 1,216 shares in the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AER has been the topic of several research analyst reports. Susquehanna restated a "positive" rating and set a $134.00 price target (up from $130.00) on shares of Aercap in a report on Wednesday, August 13th. Morgan Stanley lifted their price objective on shares of Aercap from $111.00 to $120.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. lifted their price objective on shares of Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Finally, Barclays lifted their price objective on shares of Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Aercap currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.57.

Aercap Stock Performance

Shares of NYSE:AER traded up $0.59 on Tuesday, hitting $115.12. 307,445 shares of the company were exchanged, compared to its average volume of 1,467,007. The company's 50 day moving average price is $113.55 and its two-hundred day moving average price is $106.86. Aercap Holdings N.V. has a one year low of $85.57 and a one year high of $118.07. 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 firm has a market capitalization of $21.50 billion, a price-to-earnings ratio of 7.16, a PEG ratio of 2.26 and a beta of 1.44.

Aercap (NYSE:AER - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.08. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $2.03 billion. Aercap had a net margin of 36.93% and a return on equity of 13.13%. The business's revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.01 EPS. Aercap has set its FY 2025 guidance at 11.600-11.600 EPS. Research analysts expect that Aercap Holdings N.V. will post 11.29 earnings per share for the current year.

Aercap Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Wednesday, August 13th will be given 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 is Wednesday, August 13th. Aercap's dividend payout ratio 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.