Balboa Wealth Partners Sells 748 Shares of Aercap Holdings N.V. $AER

Balboa Wealth Partners reduced its stake in shares of Aercap Holdings N.V. (NYSE:AER) by 6.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 11,177 shares of the financial services provider’s stock after selling 748 shares during the period. Balboa Wealth Partners’ holdings in Aercap were worth $1,308,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Mather Group LLC. increased its stake in Aercap by 230.1% during the first quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 214 shares during the last quarter. Quarry LP bought a new stake in Aercap during the first quarter worth approximately $37,000. Geneos Wealth Management Inc. increased its stake in Aercap by 26.6% during the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 94 shares during the last quarter. Summit Securities Group LLC bought a new stake in Aercap during the first quarter worth approximately $64,000. Finally, Blue Trust Inc. increased its stake in Aercap by 42.2% during the first quarter. Blue Trust Inc. now owns 1,318 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 391 shares during the last quarter. 96.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AER. Morgan Stanley boosted 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. Barclays upped their target price on Aercap from $115.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Susquehanna upped their target price on Aercap from $130.00 to $134.00 and gave the company a “positive” rating in a research note on Wednesday, August 13th. Zacks Research raised Aercap from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Aercap in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Aercap currently has an average rating of “Moderate Buy” and an average price target of $122.57.

Aercap Stock Up 0.1%

Shares of NYSE:AER opened at $120.39 on Monday. Aercap Holdings N.V. has a 52-week low of $85.57 and a 52-week high of $126.27. The stock has a market cap of $22.49 billion, a P/E ratio of 7.49, a price-to-earnings-growth ratio of 2.41 and a beta of 1.40. The business’s 50 day moving average is $120.83 and its 200 day moving average is $113.37. 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, 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. Aercap had a return on equity of 13.13% and a net margin of 36.93%.The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the prior year, the firm earned $3.01 earnings per share. Aercap’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. 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 was paid on Thursday, September 4th. Investors of record on Wednesday, August 13th were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $1.08 annualized dividend and a yield of 0.9%. Aercap’s dividend payout ratio is 6.72%.

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.