Wedge Capital Management L L P NC Acquires 12,235 Shares of Aercap Holdings N.V. $AER

Key Points

• Wedge Capital Management increased its AerCap holdings by 5.4% in the second quarter, adding 12,235 shares for a total of 237,880 shares valued at approximately $34.7 million. Institutional investors collectively own 96.42% of AerCap.
• Analysts maintain a favorable outlook, with AerCap carrying an average “Buy” rating and a consensus price target of $172.56. Recent target increases included Citigroup at $178, TD Cowen at $180 and Deutsche Bank at $190.
• AerCap exceeded quarterly earnings expectations, reporting $5.14 in EPS versus the $4.14 consensus and $2.22 billion in revenue. The company also authorized a $1 billion share repurchase program and declared a quarterly dividend of $0.40 per share.

Wedge Capital Management L L P NC grew its holdings in Aercap Holdings N.V. (NYSE:AER - Free Report) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237,880 shares of the financial services provider's stock after purchasing an additional 12,235 shares during the quarter. Wedge Capital Management L L P NC owned about 0.14% of Aercap worth $34,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arbejdsmarkedets Tillaegspension acquired a new stake in Aercap in the 4th quarter valued at $23,935,000. Public Employees Retirement System of Ohio lifted its holdings in Aercap by 29.2% during the first quarter. Public Employees Retirement System of Ohio now owns 92,152 shares of the financial services provider's stock worth $12,641,000 after acquiring an additional 20,808 shares during the period. Convergence Investment Partners LLC purchased a new position in Aercap in the fourth quarter worth $1,520,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Aercap by 6.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 175,986 shares of the financial services provider's stock valued at $25,453,000 after purchasing an additional 10,447 shares during the period. Finally, Nippon Life Global Investors Americas Inc. increased its holdings in Aercap by 4.2% during the fourth quarter. Nippon Life Global Investors Americas Inc. now owns 189,430 shares of the financial services provider's stock worth $27,232,000 after buying an additional 7,660 shares during the last quarter. Institutional investors own 96.42% of the company's stock.

Wall Street Analyst Weigh In

AER has been the subject of a number of research reports. Citigroup increased their target price on shares of Aercap from $173.00 to $178.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. TD Cowen increased their price target on Aercap from $175.00 to $180.00 and gave the stock a "buy" rating in a research note on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $190.00 price objective on shares of Aercap in a report on Thursday, July 30th. Morgan Stanley increased their target price on shares of Aercap from $155.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Aercap from $150.00 to $155.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Aercap presently has an average rating of "Buy" and an average price target of $172.56.

Aercap Price Performance

NYSE:AER opened at $149.28 on Wednesday. The firm has a market capitalization of $24.91 billion, a price-to-earnings ratio of 7.35, a P/E/G ratio of 0.60 and a beta of 0.93. Aercap Holdings N.V. has a 52-week low of $110.67 and a 52-week high of $158.80. The stock has a fifty day moving average of $147.11 and a 200 day moving average of $144.02. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.28 and a current ratio of 0.28.

Aercap (NYSE:AER - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.14 by $1.00. The firm had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.10 billion. Aercap had a return on equity of 17.60% and a net margin of 37.85%.The company's revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.83 EPS. Aercap has set its FY 2026 guidance at 16.800-16.800 EPS. On average, research analysts expect that Aercap Holdings N.V. will post 18.95 EPS for the current fiscal year.

Aercap announced that its board has initiated a share repurchase program on Wednesday, April 29th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

Aercap Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 12th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Aercap's dividend payout ratio is presently 7.87%.

Aercap Profile

AerCap Holdings N.V. NYSE: AER is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.

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