Aercap Holdings N.V. $AER Shares Bought by PDT Partners LLC

Key Points

• PDT Partners LLC increased its stake in Aercap Holdings N.V. by 170.7%, acquiring an additional 31,081 shares, amounting to a total holding of 49,292 shares valued at approximately $5 million.
• Barclays, Morgan Stanley, and Susquehanna raised their price targets for Aercap, with a consensus rating of "Moderate Buy" and an average price target of $122.57.
• Aercap announced a quarterly dividend of $0.27 per share, reflecting an annual yield of 0.9%, with a payout ratio of 6.72%.

PDT Partners LLC lifted its position in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 170.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,292 shares of the financial services provider's stock after acquiring an additional 31,081 shares during the quarter. PDT Partners LLC's holdings in Aercap were worth $5,036,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AER. First Trust Advisors LP raised its position in shares of Aercap by 18.2% during the 4th quarter. First Trust Advisors LP now owns 5,478 shares of the financial services provider's stock worth $524,000 after purchasing an additional 842 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Aercap in the 4th quarter valued at approximately $213,000. The Manufacturers Life Insurance Company grew its stake in shares of Aercap by 2.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 70,818 shares of the financial services provider's stock valued at $6,777,000 after buying an additional 1,407 shares during the period. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Aercap in the 4th quarter valued at approximately $13,342,000. Finally, AXA S.A. grew its stake in shares of Aercap by 36.2% in the 4th quarter. AXA S.A. now owns 29,901 shares of the financial services provider's stock valued at $2,862,000 after buying an additional 7,955 shares during the period. 96.42% of the stock is owned by hedge funds and other institutional investors.

Aercap Stock Up 0.7%

AER stock traded up $0.92 during midday trading on Friday, hitting $123.52. The company's stock had a trading volume of 1,670,551 shares, compared to its average volume of 1,840,932. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 2.57. Aercap Holdings N.V. has a 52-week low of $85.57 and a 52-week high of $125.45. The firm has a market capitalization of $23.07 billion, a P/E ratio of 7.68, a PEG ratio of 2.45 and a beta of 1.46. The firm has a 50-day simple moving average of $115.20 and a 200-day simple moving average of $109.00.

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

Aercap Announces Dividend

The firm also recently declared 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 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 (DPR) is currently 6.72%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AER. Susquehanna increased their price objective on shares of Aercap from $130.00 to $134.00 and gave the stock a "positive" rating in a research report on Wednesday, August 13th. Morgan Stanley increased 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. Finally, Barclays increased their price objective on shares of Aercap from $115.00 to $131.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Aercap currently has an average rating of "Moderate Buy" and an average price target of $122.57.

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.