Perpetual Ltd Sells 48,299 Shares of Aercap Holdings N.V. $AER

Perpetual Ltd reduced its stake in shares of Aercap Holdings N.V. (NYSE:AER) by 3.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,295,143 shares of the financial services provider’s stock after selling 48,299 shares during the quarter. Aercap makes up 1.9% of Perpetual Ltd’s holdings, making the stock its 12th largest position. Perpetual Ltd owned 0.69% of Aercap worth $156,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its position in shares of Aercap by 6.5% in the 1st quarter. American Century Companies Inc. now owns 129,341 shares of the financial services provider’s stock worth $13,215,000 after buying an additional 7,896 shares during the last quarter. Zurich Insurance Group Ltd FI lifted its position in Aercap by 24.8% during the first quarter. Zurich Insurance Group Ltd FI now owns 129,682 shares of the financial services provider’s stock valued at $13,250,000 after acquiring an additional 25,780 shares during the last quarter. Alberta Investment Management Corp acquired a new stake in Aercap in the second quarter valued at approximately $1,849,000. Corton Capital Inc. purchased a new position in Aercap in the second quarter worth $415,000. Finally, Meridian Wealth Management LLC grew its holdings in Aercap by 28.7% in the second quarter. Meridian Wealth Management LLC now owns 137,086 shares of the financial services provider’s stock worth $16,039,000 after purchasing an additional 30,543 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AER. Susquehanna increased their price objective on Aercap from $134.00 to $157.00 and gave the company a “positive” rating in a report on Tuesday, November 11th. TD Cowen upped their target price on Aercap from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Cowen reiterated a “buy” rating on shares of Aercap in a research note on Thursday, October 30th. Truist Financial initiated coverage on Aercap in a research note on Tuesday, December 9th. They set a “buy” rating and a $159.00 price target on the stock. Finally, Barclays upped their price objective on shares of Aercap from $132.00 to $144.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $146.29.

Aercap Stock Performance

Shares of AER stock opened at $144.59 on Friday. The business has a fifty day moving average of $132.22 and a 200 day moving average of $122.38. Aercap Holdings N.V. has a 1 year low of $85.57 and a 1 year high of $145.49. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market capitalization of $27.01 billion, a price-to-earnings ratio of 6.85, a price-to-earnings-growth ratio of 0.75 and a beta of 1.13.

Aercap (NYSE:AER) last announced its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $4.97 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $1.81. Aercap had a return on equity of 15.16% and a net margin of 45.41%.The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the prior year, the company earned $2.41 earnings per share. The company’s revenue was up 18.5% on a year-over-year basis. Aercap has set its FY 2025 guidance at 13.700-13.700 EPS. As a group, research analysts expect that Aercap Holdings N.V. will post 11.29 earnings per share for the current year.

Aercap Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Wednesday, November 12th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, November 12th. Aercap’s dividend payout ratio is 5.12%.

Aercap Company Profile

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.