Prudential PLC Increases Holdings in Aercap Holdings N.V. (NYSE:AER)

Key Points

• Prudential PLC increased its holdings in Aercap Holdings N.V. by 23.9% in Q1, now owning shares valued at approximately $6.26 million.
• Aercap's recent earnings report indicated an EPS of $2.83, topping estimates, despite a 3.6% decrease in revenue compared to the previous year.
• Several analysts have raised their target prices for Aercap, with Barclays increasing its target from $115.00 to $131.00, reflecting overall positive market sentiment towards the stock.

Prudential PLC raised its position in Aercap Holdings N.V. (NYSE:AER - Free Report) by 23.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 61,287 shares of the financial services provider's stock after buying an additional 11,828 shares during the period. Prudential PLC's holdings in Aercap were worth $6,262,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Signaturefd LLC lifted its stake in Aercap by 1.8% during the first quarter. Signaturefd LLC now owns 5,819 shares of the financial services provider's stock worth $595,000 after purchasing an additional 102 shares in the last quarter. Allworth Financial LP grew its stake in shares of Aercap by 8.0% during the first quarter. Allworth Financial LP now owns 1,566 shares of the financial services provider's stock worth $160,000 after purchasing an additional 116 shares in the last quarter. Covestor Ltd grew its stake in shares of Aercap by 9.6% during the first quarter. Covestor Ltd now owns 1,422 shares of the financial services provider's stock worth $145,000 after purchasing an additional 125 shares in the last quarter. Measured Wealth Private Client Group LLC grew its stake in shares of Aercap by 3.1% during the first quarter. Measured Wealth Private Client Group LLC now owns 5,080 shares of the financial services provider's stock worth $519,000 after purchasing an additional 154 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV boosted its stake in Aercap by 0.9% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 24,096 shares of the financial services provider's stock valued at $2,301,000 after acquiring an additional 209 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Susquehanna restated a "positive" rating and issued a $134.00 price objective (up previously from $130.00) on shares of Aercap in a research note on Wednesday. JPMorgan Chase & Co. increased their price target on shares of Aercap from $112.00 to $114.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Barclays increased their price target on shares of Aercap from $115.00 to $131.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Finally, Morgan Stanley increased their target price on shares of Aercap from $111.00 to $120.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $122.57.

Aercap Trading Up 0.2%

NYSE AER traded up $0.22 during mid-day trading on Friday, reaching $112.96. 1,223,819 shares of the stock were exchanged, compared to its average volume of 1,426,136. The stock has a market capitalization of $21.10 billion, a PE ratio of 7.02, a PEG ratio of 2.26 and a beta of 1.44. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.44 and a current ratio of 0.44. Aercap Holdings N.V. has a 1-year low of $85.57 and a 1-year high of $118.07. The business's fifty day simple moving average is $113.58 and its 200 day simple moving average is $106.58.

Aercap (NYSE:AER - Get Free Report) last released its earnings results on Wednesday, July 30th. The financial services provider reported $2.83 EPS for the quarter, topping the consensus estimate of $2.75 by $0.08. The firm had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $2.03 billion. Aercap had a net margin of 36.93% and a return on equity of 13.13%. Aercap's revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.01 EPS. On average, research analysts anticipate that Aercap Holdings N.V. will post 11.29 earnings per share for the current fiscal year.

Aercap Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Wednesday, August 13th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.0%. Aercap's payout ratio is currently 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.