Ontario Teachers Pension Plan Board Acquires 8,678 Shares of Aercap Holdings N.V. (NYSE:AER)

Key Points

• The Ontario Teachers Pension Plan Board increased its holdings in Aercap Holdings N.V. by 91.2%, acquiring a total of 18,194 shares valued at approximately $1.86 million by the end of the first quarter.
• Aercap's stock reported a quarterly earnings per share (EPS) of $2.83, exceeding the consensus estimate of $2.75, despite a 3.6% year-over-year revenue decline.
• The company announced a quarterly dividend of $0.27 per share, reflecting a 1.0% yield and a payout ratio of 6.72%.

Ontario Teachers Pension Plan Board lifted its holdings in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 91.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,194 shares of the financial services provider's stock after acquiring an additional 8,678 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Aercap were worth $1,859,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AER. 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 during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of 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 acquiring an additional 6,073 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of 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 acquiring an additional 978 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Aercap by 473.2% in the first quarter. Bessemer Group Inc. now owns 1,473 shares of the financial services provider's stock worth $150,000 after acquiring an additional 1,216 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Aercap by 2.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,465 shares of the financial services provider's stock worth $865,000 after acquiring an additional 219 shares during the period. 96.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Susquehanna raised their price target on Aercap from $120.00 to $130.00 and gave the stock a "positive" rating in a report on Tuesday, May 13th. Morgan Stanley raised their price target on Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Barclays lifted their price objective on Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Finally, JPMorgan Chase & Co. lifted their price objective on Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Aercap currently has an average rating of "Moderate Buy" and a consensus price target of $122.00.

Aercap Price Performance

NYSE AER traded up $0.16 during trading hours on Monday, reaching $110.40. 628,502 shares of the stock traded hands, compared to its average volume of 1,472,940. The stock has a 50 day simple moving average of $113.88 and a two-hundred day simple moving average of $106.13. Aercap Holdings N.V. has a 1 year low of $85.57 and a 1 year high of $118.07. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.44 and a quick ratio of 0.44. The company has a market cap of $20.62 billion, a price-to-earnings ratio of 6.87, a price-to-earnings-growth ratio of 2.21 and a beta of 1.44.

Aercap (NYSE:AER - Get Free Report) last released its earnings results on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share for the quarter, beating analysts' consensus estimates of $2.75 by $0.08. Aercap had a return on equity of 13.13% and a net margin of 36.93%. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the company posted $3.01 EPS. Aercap's revenue for the quarter was down 3.6% on a year-over-year basis. On average, analysts predict that Aercap Holdings N.V. will post 11.29 EPS for the current fiscal year.

Aercap Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Wednesday, August 13th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.0%. Aercap's dividend payout ratio is presently 6.72%.

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.