Balboa Wealth Partners Reduces Stake in Aercap Holdings N.V. $AER

by · The Markets Daily

Balboa Wealth Partners lessened its stake in shares of Aercap Holdings N.V. (NYSE:AER – Free Report) by 6.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. increased its position in Aercap by 6.5% in the first 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 in the last quarter. Mather Group LLC. increased its position in Aercap by 230.1% in the first quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock worth $31,000 after buying an additional 214 shares in the last quarter. Bank of New York Mellon Corp increased its position in Aercap by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 452,376 shares of the financial services provider’s stock worth $46,219,000 after buying an additional 6,073 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Aercap by 9.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,996 shares of the financial services provider’s stock worth $1,123,000 after buying an additional 978 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI increased its position in Aercap by 24.8% in the first quarter. Zurich Insurance Group Ltd FI now owns 129,682 shares of the financial services provider’s stock worth $13,250,000 after buying an additional 25,780 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Aercap Price Performance

Shares of Aercap stock 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 company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 2.57. The stock’s 50-day simple moving average is $120.83 and its 200-day simple moving average is $113.37. The company has a market capitalization of $22.49 billion, a price-to-earnings ratio of 7.49, a PEG ratio of 2.41 and a beta of 1.40.

Aercap (NYSE:AER – Get Free Report) 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. Aercap had a return on equity of 13.13% and a net margin of 36.93%.The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the firm posted $3.01 earnings per share. The business’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. As a group, analysts expect that Aercap Holdings N.V. will post 11.29 earnings per share for the current fiscal year.

Aercap Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Analysis on AER

About Aercap

(Free Report)

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.

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