Townsend & Associates Inc Reduces Position in Aercap Holdings N.V. $AER

Townsend & Associates Inc cut its holdings in shares of Aercap Holdings N.V. (NYSE:AER) by 12.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 139,015 shares of the financial services provider’s stock after selling 19,027 shares during the quarter. Aercap makes up approximately 1.6% of Townsend & Associates Inc’s portfolio, making the stock its 23rd largest holding. Townsend & Associates Inc’s holdings in Aercap were worth $15,595,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. 59 North Capital Management LP lifted its holdings in Aercap by 40.6% during the first quarter. 59 North Capital Management LP now owns 5,209,534 shares of the financial services provider’s stock valued at $532,258,000 after purchasing an additional 1,504,620 shares during the last quarter. Ninety One UK Ltd increased its position in shares of Aercap by 44.8% during the second quarter. Ninety One UK Ltd now owns 2,794,925 shares of the financial services provider’s stock valued at $327,006,000 after buying an additional 864,348 shares during the period. JPMorgan Chase & Co. increased its position in shares of Aercap by 43.7% during the first quarter. JPMorgan Chase & Co. now owns 2,298,552 shares of the financial services provider’s stock valued at $234,843,000 after buying an additional 699,520 shares during the period. Ameriprise Financial Inc. increased its position in shares of Aercap by 1.9% during the first quarter. Ameriprise Financial Inc. now owns 1,950,255 shares of the financial services provider’s stock valued at $200,278,000 after buying an additional 36,398 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Aercap by 2.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,814,146 shares of the financial services provider’s stock valued at $185,352,000 after buying an additional 49,537 shares during the period. 96.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AER has been the topic of several analyst reports. Zacks Research upgraded Aercap from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Susquehanna upped their price objective on shares of Aercap from $130.00 to $134.00 and gave the stock a “positive” rating in a research report on Wednesday, August 13th. Barclays upped their price objective on shares of Aercap from $115.00 to $131.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Morgan Stanley upped their price objective on shares of Aercap from $111.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 17th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Aercap in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Aercap presently has a consensus rating of “Moderate Buy” and an average target price of $122.57.

Aercap Stock Up 0.1%

Shares of AER opened at $120.39 on Monday. The firm has a market cap of $22.49 billion, a P/E ratio of 7.49, a P/E/G ratio of 2.41 and a beta of 1.40. The stock has a 50 day simple moving average of $120.83 and a two-hundred day simple moving average of $113.37. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.44 and a quick ratio of 0.44. Aercap Holdings N.V. has a 1 year low of $85.57 and a 1 year high of $126.27.

Aercap (NYSE:AER) last issued its 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 during the quarter, compared to analyst estimates 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 quarter in the prior year, the firm earned $3.01 earnings per share. Aercap has set its FY 2025 guidance at 11.600-11.600 EPS. On average, analysts forecast that Aercap Holdings N.V. will post 11.29 earnings per share for the current fiscal year.

Aercap Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Wednesday, August 13th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, August 13th. Aercap’s dividend payout ratio is 6.72%.

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.