Public Employees Retirement System of Ohio Sells 7,164 Shares of Aercap Holdings N.V. $AER

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in Aercap Holdings N.V. by 9.0%, selling 7,164 shares, and currently holds 72,275 shares valued at approximately $8.46 million.
• Aercap reported quarterly earnings of $2.83 per share, exceeding estimates, while its revenue fell 3.6% year-over-year to $1.89 billion.
• The company announced a quarterly dividend of $0.27 per share, representing an annualized dividend yield of 0.9% with a payout ratio of 6.72%.

Public Employees Retirement System of Ohio cut its holdings in Aercap Holdings N.V. (NYSE:AER - Free Report) by 9.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,275 shares of the financial services provider's stock after selling 7,164 shares during the period. Public Employees Retirement System of Ohio's holdings in Aercap were worth $8,456,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Mather Group LLC. boosted its stake 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 worth $31,000 after purchasing an additional 214 shares during the period. Quarry LP purchased a new position in shares of Aercap during the 1st quarter worth about $37,000. Geneos Wealth Management Inc. boosted its stake 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 worth $46,000 after purchasing an additional 94 shares during the period. Summit Securities Group LLC purchased a new position in shares of Aercap during the 1st quarter worth about $64,000. Finally, Blue Trust Inc. boosted its stake 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 worth $135,000 after purchasing an additional 391 shares during the period. 96.42% of the stock is owned by hedge funds and other institutional investors.

Aercap Price Performance

Shares of AER opened at $123.18 on Friday. The company has a 50 day moving average price of $117.22 and a 200-day moving average price of $111.21. Aercap Holdings N.V. has a fifty-two week low of $85.57 and a fifty-two week high of $125.45. The stock has a market capitalization of $23.01 billion, a PE ratio of 7.66, a PEG ratio of 2.46 and a beta of 1.46. 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 (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 for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter in the prior year, the company earned $3.01 EPS. The company's 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. Equities analysts predict 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. Investors of record on Wednesday, August 13th were paid 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 was Wednesday, August 13th. Aercap's payout ratio is 6.72%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AER shares. Susquehanna lifted their price target 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. Barclays boosted 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 boosted 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 equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $122.57.

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.

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