Wedge Capital Management L L P NC Trims Position in Aercap Holdings N.V. $AER

Wedge Capital Management L L P NC decreased its holdings in shares of Aercap Holdings N.V. (NYSE:AER) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 312,003 shares of the financial services provider’s stock after selling 4,058 shares during the period. Wedge Capital Management L L P NC owned approximately 0.17% of Aercap worth $37,752,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AER. Norges Bank acquired a new stake in Aercap during the 2nd quarter worth approximately $241,392,000. Mawer Investment Management Ltd. purchased a new stake in shares of Aercap during the second quarter worth approximately $181,377,000. 59 North Capital Management LP lifted its holdings in shares of 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 worth $532,258,000 after purchasing an additional 1,504,620 shares during the period. Dorsey Asset Management LLC purchased a new position in Aercap in the 1st quarter valued at $116,325,000. Finally, Ninety One UK Ltd increased its stake in Aercap by 44.8% in the 2nd 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. 96.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AER shares. Morgan Stanley raised their target price on shares of Aercap from $120.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 11th. Susquehanna raised their price objective on shares of Aercap from $134.00 to $157.00 and gave the company a “positive” rating in a research report on Tuesday, November 11th. Bank of America lifted their price objective on Aercap from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. TD Cowen increased their target price on Aercap from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Finally, Truist Financial started coverage on Aercap in a report on Tuesday, December 9th. They issued a “buy” rating and a $159.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $146.29.

Aercap Stock Up 0.9%

AER stock opened at $144.59 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.43. The company’s 50-day moving average price is $132.22 and its 200 day moving average price is $122.42. Aercap Holdings N.V. has a 52 week low of $85.57 and a 52 week high of $145.49. The company has a market cap of $27.01 billion, a P/E ratio of 6.85, a P/E/G ratio of 0.76 and a beta of 1.13.

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

Aercap Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Wednesday, November 12th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, November 12th. Aercap’s payout ratio is presently 5.12%.

Aercap 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.