Aercap Holdings N.V. $AER Shares Purchased by Panagora Asset Management Inc.

Key Points

• Panagora Asset Management Inc. has increased its stake in Aercap Holdings N.V. by 13.3%, now owning 28,170 shares valued at approximately $2.88 million.
• A number of institutional investors, including Millennium Management LLC and JPMorgan Chase & Co., have also significantly boosted their positions in Aercap, indicating strong institutional interest with 96.42% of the stock owned by such investors.
• Aercap recently declared a quarterly dividend of $0.27 per share, representing an annualized yield of 0.9%, with the ex-dividend date set for August 13th.

Panagora Asset Management Inc. lifted its holdings in Aercap Holdings N.V. (NYSE:AER - Free Report) by 13.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 28,170 shares of the financial services provider's stock after purchasing an additional 3,316 shares during the period. Panagora Asset Management Inc.'s holdings in Aercap were worth $2,878,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AER. Millennium Management LLC increased its holdings in shares of Aercap by 190.7% in the 4th 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. lifted its position in shares of 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 buying an additional 699,520 shares during the last quarter. Nuveen LLC bought a new stake in shares of Aercap in the 1st quarter valued at about $54,951,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Aercap by 22.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,608,099 shares of the financial services provider's stock worth $249,595,000 after acquiring an additional 485,999 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Aercap by 886.5% in the first quarter. SG Americas Securities LLC now owns 456,346 shares of the financial services provider's stock valued at $46,625,000 after acquiring an additional 410,085 shares in the last quarter. 96.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AER. Barclays upped their target price on Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Susquehanna lifted their target price on shares of Aercap from $130.00 to $134.00 and gave the stock a "positive" rating in a research note on Wednesday, August 13th. Finally, Morgan Stanley boosted their target price 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. Six 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's stock. Based on data from MarketBeat, Aercap has a consensus rating of "Moderate Buy" and an average price target of $122.57.

Aercap Stock Performance

NYSE:AER traded up $0.92 during trading hours on Friday, reaching $123.52. The company had a trading volume of 1,670,551 shares, compared to its average volume of 1,840,932. The firm has a market cap of $23.07 billion, a PE ratio of 7.68, a price-to-earnings-growth ratio of 2.45 and a beta of 1.46. Aercap Holdings N.V. has a 1-year low of $85.57 and a 1-year high of $125.45. The business's 50 day moving average price is $115.20 and its 200-day moving average price is $109.00. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.44 and a quick ratio of 0.44.

Aercap (NYSE:AER - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $2.03 billion. During the same period in the prior year, the firm posted $3.01 earnings per share. The firm'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. Research analysts forecast that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Wednesday, August 13th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, August 13th. Aercap's payout ratio is 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.