Perpetual Ltd Cuts Stock Holdings in Aercap Holdings N.V. $AER

Key Points

• Perpetual Ltd has reduced its holdings in Aercap Holdings N.V. by 8.4%, selling 122,552 shares during the second quarter, which now comprises about 1.8% of their portfolio.
• Aercap reported a quarterly earnings per share of $2.83, exceeding estimates, but its revenue of $1.89 billion fell short of expectations of $2.03 billion.
• The company has announced a quarterly dividend of $0.27 per share, representing an annualized dividend yield of 0.9%.

Perpetual Ltd reduced its stake in Aercap Holdings N.V. (NYSE:AER - Free Report) by 8.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,343,442 shares of the financial services provider's stock after selling 122,552 shares during the quarter. Aercap comprises approximately 1.8% of Perpetual Ltd's portfolio, making the stock its 14th biggest holding. Perpetual Ltd owned approximately 0.72% of Aercap worth $157,183,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of AER. Ameriflex Group Inc. acquired a new position in shares of Aercap during the 4th quarter worth about $27,000. Mather Group LLC. increased its holdings in Aercap by 230.1% during the 1st quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock worth $31,000 after purchasing an additional 214 shares in the last quarter. Quarry LP acquired a new stake in Aercap during the first quarter worth approximately $37,000. Geneos Wealth Management Inc. grew its holdings in shares of Aercap by 26.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 94 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of Aercap in the 1st quarter valued at about $64,000. Institutional investors and hedge funds own 96.42% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Susquehanna raised their target price on Aercap from $130.00 to $134.00 and gave the stock a "positive" rating in a research note on Wednesday, August 13th. Barclays increased their price objective on shares of Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Finally, Morgan Stanley increased their price objective on shares of Aercap from $111.00 to $120.00 and gave the company 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.57.

Aercap Trading Down 0.9%

Shares of NYSE:AER traded down $1.09 during trading on Friday, reaching $120.15. 1,285,414 shares of the stock were exchanged, compared to its average volume of 1,740,650. 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's 50-day moving average price is $116.41 and its 200 day moving average price is $110.44. Aercap Holdings N.V. has a 12-month low of $85.57 and a 12-month high of $125.45. The firm has a market cap of $22.44 billion, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 2.41 and a beta of 1.45.

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

Aercap Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Wednesday, August 13th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, August 13th. Aercap's payout ratio is 6.72%.

Aercap 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.