Envestnet Asset Management Inc. Raises Position in Aercap Holdings N.V. $AER

Envestnet Asset Management Inc. raised its stake in shares of Aercap Holdings N.V. (NYSE:AER) by 19.2% during the second quarter, HoldingsChannel reports. The firm owned 589,371 shares of the financial services provider’s stock after buying an additional 95,100 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Aercap were worth $68,956,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. raised its position in Aercap by 6.5% during the first quarter. American Century Companies Inc. now owns 129,341 shares of the financial services provider’s stock valued at $13,215,000 after purchasing an additional 7,896 shares during the period. 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. Bank of New York Mellon Corp raised its holdings in shares of Aercap by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 452,376 shares of the financial services provider’s stock worth $46,219,000 after buying an additional 6,073 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Aercap by 9.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,996 shares of the financial services provider’s stock worth $1,123,000 after buying an additional 978 shares during the period. Finally, Zurich Insurance Group Ltd FI raised its holdings in shares of Aercap by 24.8% in the first quarter. Zurich Insurance Group Ltd FI now owns 129,682 shares of the financial services provider’s stock worth $13,250,000 after buying an additional 25,780 shares during the period. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Aercap Stock Down 1.0%

Shares of NYSE:AER opened at $130.27 on Friday. Aercap Holdings N.V. has a 52-week low of $85.57 and a 52-week high of $131.87. The stock has a market cap of $24.33 billion, a P/E ratio of 6.17, a price-to-earnings-growth ratio of 2.50 and a beta of 1.40. The business’s 50 day moving average is $122.44 and its 200 day moving average is $115.20. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 2.57.

Aercap (NYSE:AER) last announced its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $4.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.16 by $1.81. Aercap had a return on equity of 15.31% and a net margin of 45.41%.The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the prior year, the firm earned $2.41 earnings per share. Aercap’s revenue was up 18.5% compared to the same quarter last year. Aercap has set its FY 2025 guidance at 13.700-13.700 EPS. Sell-side analysts predict that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Wednesday, November 12th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $1.08 annualized dividend and a yield of 0.8%. Aercap’s dividend payout ratio is 5.12%.

Analyst Ratings Changes

Several brokerages have recently weighed in on AER. Cowen reiterated a “buy” rating on shares of Aercap in a report on Thursday. Barclays increased their price target on Aercap from $132.00 to $144.00 and gave the stock an “overweight” rating in a report on Thursday. TD Cowen increased their price target on Aercap from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday. Susquehanna increased their price target on Aercap from $130.00 to $134.00 and gave the stock a “positive” rating in a report on Wednesday, August 13th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Aercap in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Aercap currently has an average rating of “Moderate Buy” and an average price target of $129.43.

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.