SteelPeak Wealth LLC Buys New Position in Aercap Holdings N.V. $AER

Key Points

• SteelPeak Wealth LLC has acquired a new position in Aercap Holdings N.V., purchasing 20,628 shares valued at approximately $2.41 million during the 2nd quarter.
• An analysis of recent ratings shows that Aercap has a consensus rating of "Moderate Buy" and an average target price of $122.57, with several firms adjusting their price targets upward.
• Aercap recently announced its quarterly earnings, showing earnings per share of $2.83, exceeding estimates, although revenue was down year-over-year by 3.6%.

SteelPeak Wealth LLC bought a new stake in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 20,628 shares of the financial services provider's stock, valued at approximately $2,413,000.

Several other hedge funds have also modified their holdings of AER. Mather Group LLC. grew its stake in Aercap by 230.1% during the 1st quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 214 shares in the last quarter. Quarry LP acquired a new stake in Aercap during the 1st quarter valued at approximately $37,000. Geneos Wealth Management Inc. grew its stake in 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 in the last quarter. Summit Securities Group LLC acquired a new stake in Aercap during the 1st quarter valued at approximately $64,000. Finally, Blue Trust Inc. grew its stake in Aercap by 42.2% during the 1st quarter. Blue Trust Inc. now owns 1,318 shares of the financial services provider's stock valued at $135,000 after purchasing an additional 391 shares in the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AER has been the subject of a number of recent analyst reports. Weiss Ratings restated a "buy (b+)" rating on shares of Aercap in a research note on Saturday, September 27th. Susquehanna raised their price objective on Aercap from $130.00 to $134.00 and gave the company a "positive" rating in a research note on Wednesday, August 13th. Morgan Stanley lifted their target price on Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Finally, Barclays lifted their target price on Aercap from $115.00 to $131.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Seven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Aercap currently has a consensus rating of "Moderate Buy" and an average target price of $122.57.

Aercap Price Performance

Shares of AER opened at $123.69 on Wednesday. The firm has a market cap of $23.10 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 2.51 and a beta of 1.40. Aercap Holdings N.V. has a 52 week low of $85.57 and a 52 week high of $126.27. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 2.57. The stock has a 50 day moving average of $118.78 and a 200-day moving average of $112.23.

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 (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 the consensus estimate of $2.03 billion. Aercap had a return on equity of 13.13% and a net margin of 36.93%.The business's revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the business posted $3.01 EPS. Aercap has set its FY 2025 guidance at 11.600-11.600 EPS. As a group, analysts forecast that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Wednesday, August 13th were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $1.08 annualized dividend and a dividend yield of 0.9%. Aercap's dividend payout ratio (DPR) is 6.72%.

About Aercap

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.

Want to see what other hedge funds are holding AER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aercap Holdings N.V. (NYSE:AER - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.