Russell Investments Group Ltd. Acquires 134,384 Shares of Aercap Holdings N.V. (NYSE:AER)

Key Points

• Russell Investments Group Ltd. increased its stake in Aercap Holdings N.V. by 13.0% during the first quarter, owning approximately 1,166,677 shares valued at $119.2 million.
• Aercap reported $2.83 earnings per share, exceeding analysts' estimates, despite a revenue drop of 3.6% compared to the previous year.
• The company declared a quarterly dividend of $0.27, with an annualized dividend yield of 0.9%, set to be paid on September 4th.

Russell Investments Group Ltd. raised its holdings in Aercap Holdings N.V. (NYSE:AER - Free Report) by 13.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,166,677 shares of the financial services provider's stock after purchasing an additional 134,384 shares during the period. Russell Investments Group Ltd. owned 0.62% of Aercap worth $119,200,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. 59 North Capital Management LP grew its stake in Aercap by 17.0% during the fourth quarter. 59 North Capital Management LP now owns 3,704,914 shares of the financial services provider's stock valued at $354,560,000 after acquiring an additional 538,703 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Aercap by 22.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,608,099 shares of the financial services provider's stock valued at $249,595,000 after acquiring an additional 485,999 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Aercap by 43.7% during the first quarter. JPMorgan Chase & Co. now owns 2,298,552 shares of the financial services provider's stock valued at $234,843,000 after acquiring an additional 699,520 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in Aercap by 8.6% during the fourth quarter. Lord Abbett & CO. LLC now owns 2,271,769 shares of the financial services provider's stock valued at $217,408,000 after acquiring an additional 179,539 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Aercap by 12.9% during the fourth quarter. Ameriprise Financial Inc. now owns 1,913,857 shares of the financial services provider's stock valued at $183,199,000 after acquiring an additional 218,930 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company's stock.

Analysts Set New Price Targets

AER has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. 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 note on Thursday, July 10th. Susquehanna reaffirmed a "positive" rating and set a $134.00 price objective (up previously from $130.00) on shares of Aercap in a research note on Wednesday. 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 note on Thursday, July 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $122.57.

Aercap Price Performance

AER stock traded down $0.95 during midday trading on Thursday, reaching $112.82. The company had a trading volume of 1,232,789 shares, compared to its average volume of 1,436,330. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.44 and a quick 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 company has a market capitalization of $21.07 billion, a P/E ratio of 7.02, a P/E/G ratio of 2.28 and a beta of 1.44. The firm has a 50-day moving average price of $113.65 and a 200-day moving average price of $106.45.

Aercap (NYSE:AER - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $2.83 EPS for the quarter, topping analysts' consensus estimates of $2.75 by $0.08. The business 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%. 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, research analysts anticipate that Aercap Holdings N.V. will post 11.29 earnings per share for the current fiscal year.

Aercap Announces Dividend

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