Aercap Holdings N.V. $AER Shares Sold by PCJ Investment Counsel Ltd.

PCJ Investment Counsel Ltd. lowered its stake in shares of Aercap Holdings N.V. (NYSE:AER) by 11.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,590 shares of the financial services provider’s stock after selling 5,770 shares during the period. Aercap comprises 1.8% of PCJ Investment Counsel Ltd.’s investment portfolio, making the stock its 16th biggest position. PCJ Investment Counsel Ltd.’s holdings in Aercap were worth $5,334,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of AER. Bank of New York Mellon Corp boosted its holdings in Aercap by 1.4% in the 1st 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 during the last quarter. Concurrent Investment Advisors LLC purchased a new position in shares of Aercap in the first quarter valued at approximately $432,000. M&T Bank Corp boosted its stake in shares of Aercap by 14.8% in the first quarter. M&T Bank Corp now owns 19,267 shares of the financial services provider’s stock worth $1,969,000 after acquiring an additional 2,489 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Aercap by 8.0% in the first quarter. Allworth Financial LP now owns 1,566 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 116 shares during the last quarter. Finally, Mutual of America Capital Management LLC purchased a new stake in shares of Aercap during the first quarter worth approximately $8,042,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

Aercap Price Performance

NYSE:AER opened at $132.91 on Friday. The company has a market capitalization of $24.83 billion, a P/E ratio of 6.30, a P/E/G ratio of 2.50 and a beta of 1.40. 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 Holdings N.V. has a 52 week low of $85.57 and a 52 week high of $135.01. The stock’s fifty day moving average is $123.58 and its two-hundred day moving average is $116.69.

Aercap (NYSE:AER) last issued its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $4.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.16 by $1.81. Aercap had a return on equity of 15.31% and a net margin of 45.41%.The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period last year, the company earned $2.41 EPS. The company’s quarterly revenue was up 18.5% on a year-over-year basis. Aercap has set its FY 2025 guidance at 13.700-13.700 EPS. Equities analysts expect that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Wednesday, November 12th will be paid a $0.27 dividend. 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 payout ratio is 5.12%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AER. Cowen restated a “buy” rating on shares of Aercap in a report on Thursday, October 30th. Bank of America upped their target price on shares of Aercap from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday. Barclays raised their price target on shares of Aercap from $132.00 to $144.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Zacks Research raised shares of Aercap from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Aercap in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Aercap presently has an average rating of “Moderate Buy” and an average price target of $133.00.

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.