Aercap Holdings N.V. (NYSE:AER) Shares Purchased by Public Sector Pension Investment Board

Key Points

• Public Sector Pension Investment Board increased its holdings in Aercap by 8.0%, now owning approximately 0.06% of the company valued at around $10.76 million.
• Several analysts have revised their target prices for Aercap, with Barclays raising it to $131.00 and Morgan Stanley to $120.00, indicating a positive outlook for the stock.
• Aercap recently announced a quarterly dividend of $0.27 per share, representing an annual yield of 0.9% and a payout ratio of 6.72%.

Public Sector Pension Investment Board increased its holdings in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 8.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,261 shares of the financial services provider's stock after acquiring an additional 7,800 shares during the period. Public Sector Pension Investment Board owned approximately 0.06% of Aercap worth $10,755,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AER. Alyeska Investment Group L.P. grew its holdings in Aercap by 139.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,505,799 shares of the financial services provider's stock worth $144,105,000 after acquiring an additional 875,950 shares during the period. TOMS Capital Investment Management LP grew its holdings in Aercap by 118.8% during the fourth quarter. TOMS Capital Investment Management LP now owns 1,398,000 shares of the financial services provider's stock worth $133,789,000 after acquiring an additional 759,000 shares during the period. Millennium Management LLC grew its holdings in Aercap by 190.7% in the fourth quarter. Millennium Management LLC now owns 1,074,931 shares of the financial services provider's stock valued at $102,871,000 after purchasing an additional 705,212 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Aercap by 43.7% in the first 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 during the last quarter. Finally, Northern Trust Corp grew its holdings in Aercap by 90.9% in the fourth quarter. Northern Trust Corp now owns 1,396,937 shares of the financial services provider's stock valued at $133,687,000 after purchasing an additional 664,990 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AER shares. Morgan Stanley upped their target price on Aercap from $111.00 to $120.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Barclays upped their target price on Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Susquehanna upped their target price on Aercap from $130.00 to $134.00 and gave the company a "positive" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their target price on Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Aercap has an average rating of "Moderate Buy" and a consensus price target of $122.57.

Aercap Stock Down 0.0%

AER opened at $113.74 on Thursday. 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 firm has a market cap of $21.24 billion, a P/E ratio of 7.07, a PEG ratio of 2.28 and a beta of 1.44. Aercap Holdings N.V. has a 52 week low of $85.57 and a 52 week high of $118.07. The business's fifty day simple moving average is $113.71 and its 200 day simple moving average is $106.34.

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

Aercap Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Wednesday, August 13th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, August 13th. This represents a $1.08 annualized dividend and a yield of 0.9%. Aercap's dividend payout ratio is 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.

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