Wilmington Savings Fund Society FSB Trims Stock Holdings in Aercap Holdings N.V. $AER

Key Points

• Wilmington Savings Fund Society FSB reduced its stake in Aercap Holdings N.V. by 10.2%, now holding 19,670 shares valued at approximately $2.3 million.
• Aercap reported $2.83 EPS for the most recent quarter, surpassing analysts' expectations of $2.75, despite a 3.6% revenue decline compared to the previous year.
• Analysts have set new price targets for Aercap, with Barclays raising the target to $131.00, reflecting a consensus average rating of "Moderate Buy."

Wilmington Savings Fund Society FSB trimmed its holdings in Aercap Holdings N.V. (NYSE:AER - Free Report) by 10.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,670 shares of the financial services provider's stock after selling 2,225 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Aercap were worth $2,301,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of AER. Mather Group LLC. raised its holdings in shares of Aercap by 230.1% in the first quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock worth $31,000 after buying an additional 214 shares during the period. Quarry LP purchased a new stake in shares of Aercap in the first quarter worth approximately $37,000. Geneos Wealth Management Inc. raised its holdings in shares of Aercap by 26.6% in the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider's stock worth $46,000 after buying an additional 94 shares during the period. Summit Securities Group LLC bought a new position in Aercap in the first quarter worth approximately $64,000. Finally, Blue Trust Inc. grew its stake in Aercap by 42.2% in the first 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 in the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Aercap Trading Down 1.4%

Shares of NYSE:AER opened at $121.93 on Thursday. Aercap Holdings N.V. has a 12-month low of $85.57 and a 12-month high of $126.27. The business's fifty day simple moving average is $120.41 and its 200-day simple moving average is $112.95. The company has a market capitalization of $22.77 billion, a PE ratio of 7.58, a P/E/G ratio of 2.48 and a beta of 1.40. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 2.57.

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, beating analysts' consensus estimates of $2.75 by $0.08. Aercap had a return on equity of 13.13% and a net margin of 36.93%.The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the business posted $3.01 EPS. The business'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. As a group, equities research analysts predict that Aercap Holdings N.V. will post 11.29 earnings per share for the current fiscal year.

Aercap Dividend Announcement

The firm also recently announced 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 yield of 0.9%. The ex-dividend date was Wednesday, August 13th. Aercap's payout ratio is 6.72%.

Analysts Set New Price Targets

AER has been the topic of several research analyst reports. Susquehanna increased their price objective on Aercap from $130.00 to $134.00 and gave the stock a "positive" rating in a research note on Wednesday, August 13th. Morgan Stanley increased their price objective on Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. Weiss Ratings reissued a "buy (b+)" rating on shares of Aercap in a research note on Wednesday, October 8th. Finally, Barclays lifted their price target on Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $122.57.

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.

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