LGT Fund Management Co Ltd. Reduces Stock Holdings in Aercap Holdings N.V. $AER

LGT Fund Management Co Ltd. decreased its holdings in Aercap Holdings N.V. (NYSE:AER) by 11.1% in the second quarter, HoldingsChannel.com reports. The fund owned 75,904 shares of the financial services provider’s stock after selling 9,489 shares during the period. LGT Fund Management Co Ltd.’s holdings in Aercap were worth $8,881,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AER. Fiduciary Alliance LLC increased its holdings in shares of Aercap by 0.4% during the second quarter. Fiduciary Alliance LLC now owns 23,310 shares of the financial services provider’s stock valued at $2,727,000 after acquiring an additional 93 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Aercap by 26.6% during the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 94 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Aercap by 1.8% during the first quarter. Signaturefd LLC now owns 5,819 shares of the financial services provider’s stock valued at $595,000 after acquiring an additional 102 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Aercap by 8.0% during the first quarter. Allworth Financial LP now owns 1,566 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 116 shares in the last quarter. Finally, Covestor Ltd increased its holdings in shares of Aercap by 9.6% during the first quarter. Covestor Ltd now owns 1,422 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Aercap Price Performance

NYSE AER opened at $125.58 on Friday. Aercap Holdings N.V. has a one year low of $85.57 and a one year high of $125.93. The stock has a 50-day moving average of $118.30 and a 200 day moving average of $111.88. The company has a market capitalization of $23.46 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 2.49 and a beta of 1.40. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.44 and a current ratio of 0.44.

Aercap (NYSE:AER) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $2.83 EPS for the quarter, topping the consensus estimate of $2.75 by $0.08. The company had revenue of $1.89 billion during 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%.Aercap’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period last year, the company earned $3.01 EPS. Aercap has set its FY 2025 guidance at 11.600-11.600 EPS. On average, sell-side analysts forecast that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 0.9%. Aercap’s payout ratio is currently 6.72%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Weiss Ratings restated a “buy (b+)” rating on shares of Aercap in a report on Saturday, September 27th. Susquehanna raised their price target on Aercap from $130.00 to $134.00 and gave the company a “positive” rating in a report on Wednesday, August 13th. Barclays raised 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. Finally, Morgan Stanley raised their price target on Aercap from $111.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, July 17th. Seven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $122.57.

Aercap Company 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.