PNC Financial Services Group Inc. Reduces Stock Position in Aercap Holdings N.V. $AER

PNC Financial Services Group Inc. cut its stake in Aercap Holdings N.V. (NYSE:AER) by 5.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 152,170 shares of the financial services provider’s stock after selling 8,988 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Aercap were worth $17,804,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Mawer Investment Management Ltd. bought a new position in Aercap in the 2nd quarter worth about $181,377,000. 59 North Capital Management LP lifted its holdings in shares of Aercap by 40.6% in 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 buying an additional 1,504,620 shares in the last quarter. Dorsey Asset Management LLC bought a new position in shares of Aercap in the first quarter valued at approximately $116,325,000. Ninety One UK Ltd boosted its holdings 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 purchasing an additional 864,348 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Aercap by 43.7% during the 1st quarter. JPMorgan Chase & Co. now owns 2,298,552 shares of the financial services provider’s stock valued at $234,843,000 after purchasing an additional 699,520 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Aercap Stock Up 0.3%

Shares of NYSE AER opened at $136.86 on Friday. The stock has a market capitalization of $25.56 billion, a P/E ratio of 6.48, a PEG ratio of 2.50 and a beta of 1.40. Aercap Holdings N.V. has a one year low of $85.57 and a one year high of $138.34. The firm’s 50 day simple moving average is $124.88 and its two-hundred day simple moving average is $117.92. 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 (NYSE:AER) last announced its quarterly earnings data 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. Aercap had a net margin of 45.41% and a return on equity of 15.31%. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the prior year, the company earned $2.41 EPS. The firm’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, analysts expect that Aercap Holdings N.V. will post 11.29 EPS for the current fiscal year.

Aercap Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Wednesday, November 12th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 12th. Aercap’s dividend payout ratio (DPR) is 5.12%.

Analysts Set New Price Targets

AER has been the topic of a number of recent analyst reports. Cowen reiterated a “buy” rating on shares of Aercap in a research report on Thursday, October 30th. Zacks Research upgraded Aercap from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Susquehanna lifted their price target on Aercap from $134.00 to $157.00 and gave the company a “positive” rating in a research report on Tuesday. Barclays boosted their price objective on Aercap from $132.00 to $144.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Finally, Morgan Stanley raised their target price on shares of Aercap from $120.00 to $150.00 and gave the company an “equal weight” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $140.57.

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.