Voya Investment Management LLC Reduces Position in Aercap Holdings N.V. $AER

Voya Investment Management LLC trimmed its stake in Aercap Holdings N.V. (NYSE:AER) by 24.5% in the third quarter, HoldingsChannel.com reports. The fund owned 21,462 shares of the financial services provider’s stock after selling 6,968 shares during the quarter. Voya Investment Management LLC’s holdings in Aercap were worth $2,597,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in AER. Quarry LP purchased a new stake in Aercap during the 1st quarter worth about $37,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Aercap during the second quarter worth about $43,000. Geneos Wealth Management Inc. grew its holdings in shares of Aercap by 26.6% during the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after buying an additional 94 shares in the last quarter. Whittier Trust Co. acquired a new position in shares of Aercap in the second quarter valued at approximately $53,000. Finally, AlphaCore Capital LLC purchased a new position in shares of Aercap during the second quarter valued at approximately $86,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

Wall Street Analysts Forecast Growth

AER has been the subject of several recent analyst reports. Barclays lifted their target price 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. Truist Financial began coverage on Aercap in a research report on Tuesday, December 9th. They issued a “buy” rating and a $159.00 price objective for the company. Morgan Stanley upped their target price on Aercap from $120.00 to $150.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Aercap in a research report on Wednesday, October 8th. Finally, Bank of America lifted their price target on Aercap from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. One research 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 issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $146.29.

Aercap Stock Performance

NYSE AER opened at $144.78 on Friday. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.30 and a quick ratio of 0.30. Aercap Holdings N.V. has a 1-year low of $85.57 and a 1-year high of $146.67. The firm has a market capitalization of $27.04 billion, a P/E ratio of 6.86, a P/E/G ratio of 0.76 and a beta of 1.13. The business’s 50-day simple moving average is $134.57 and its 200-day simple moving average is $123.46.

Aercap (NYSE:AER) last posted its earnings results 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 net margin of 45.41% and a return on equity of 15.16%. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2 billion. The company’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.41 EPS. Aercap has set its FY 2025 guidance at 13.700-13.700 EPS. Equities analysts predict that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Wednesday, November 12th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, November 12th. Aercap’s dividend payout ratio (DPR) is currently 5.12%.

About Aercap

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.