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Ramirez Asset Management Inc. Makes New $2.10 Million Investment in Aercap Holdings N.V. (NYSE:AER)

Aercap logo with Transportation background

Key Points

  • Ramirez Asset Management Inc. acquired a new stake in Aercap Holdings N.V., purchasing 20,500 shares valued at approximately $2.1 million in the first quarter.
  • Aercap's stock has a 12-month high of $118.07 and reported earnings of $3.68 per share for the last quarter, exceeding analysts' expectations by $0.99.
  • The company recently announced a quarterly dividend of $0.27 with a dividend yield of 0.97% and a payout ratio of 9.58%.
  • Looking to export and analyze Aercap data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Ramirez Asset Management Inc. acquired a new position in Aercap Holdings N.V. (NYSE:AER - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 20,500 shares of the financial services provider's stock, valued at approximately $2,095,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Aercap by 1.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 142,299 shares of the financial services provider's stock valued at $14,539,000 after acquiring an additional 2,419 shares during the period. HB Wealth Management LLC bought a new stake in shares of Aercap in the first quarter worth about $225,000. TD Asset Management Inc grew its stake in shares of Aercap by 16.3% in the first quarter. TD Asset Management Inc now owns 67,483 shares of the financial services provider's stock worth $6,895,000 after purchasing an additional 9,455 shares during the last quarter. Winthrop Capital Management LLC grew its stake in shares of Aercap by 4.9% in the first quarter. Winthrop Capital Management LLC now owns 4,602 shares of the financial services provider's stock worth $470,000 after purchasing an additional 216 shares during the last quarter. Finally, KLP Kapitalforvaltning AS boosted its position in Aercap by 3.9% during the 1st quarter. KLP Kapitalforvaltning AS now owns 161,600 shares of the financial services provider's stock valued at $16,553,000 after acquiring an additional 6,100 shares in the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Aercap Price Performance

Aercap stock traded up $1.14 during mid-day trading on Friday, hitting $108.39. The stock had a trading volume of 1,109,154 shares, compared to its average volume of 1,474,645. The firm has a market capitalization of $20.25 billion, a P/E ratio of 6.74, a P/E/G ratio of 2.44 and a beta of 1.38. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 2.69. The firm's 50 day moving average is $114.46 and its 200 day moving average is $105.43. Aercap Holdings N.V. has a one year low of $82.21 and a one year high of $118.07.

Aercap (NYSE:AER - Get Free Report) last announced its quarterly 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 business had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $2.03 billion. Aercap had a net margin of 36.93% and a return on equity of 13.31%. The business's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.01 EPS. On average, sell-side analysts forecast that Aercap Holdings N.V. will post 11.29 earnings per share for the current fiscal year.

Aercap Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Wednesday, August 13th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, August 13th. Aercap's dividend payout ratio is currently 6.72%.

Analyst Upgrades and Downgrades

AER has been the topic of several research reports. Susquehanna lifted their price objective on Aercap from $120.00 to $130.00 and gave the company a "positive" rating in a research report on Tuesday, May 13th. Morgan Stanley lifted 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. JPMorgan Chase & Co. lifted their target price on shares of Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Barclays lifted their target price on shares of Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $122.00.

Get Our Latest Stock Analysis on Aercap

About Aercap

(Free Report)

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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Institutional Ownership by Quarter for Aercap (NYSE:AER)

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