California State Teachers Retirement System Increases Position in Aercap Holdings N.V. $AER

Key Points

• California State Teachers Retirement System increased its AerCap stake by 14,175.3% in the second quarter, purchasing 31.64 million additional shares. It now owns 31.87 million shares, or 19.09% of the company, valued at approximately $4.65 billion.
• Wall Street analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $172.56. Recent targets range as high as $190.
• AerCap reported quarterly EPS of $5.14, beating estimates by $1.00, while revenue rose 14.9% year over year to $2.17 billion. The company also maintains a quarterly dividend of $0.40 per share, yielding about 1.1%.

California State Teachers Retirement System grew its holdings in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 14,175.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,865,613 shares of the financial services provider's stock after buying an additional 31,642,391 shares during the quarter. California State Teachers Retirement System owned 19.09% of Aercap worth $4,645,369,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AER. State Street Corp boosted its holdings in Aercap by 3.7% during the 4th quarter. State Street Corp now owns 5,112,626 shares of the financial services provider's stock valued at $735,003,000 after acquiring an additional 184,425 shares during the period. Mawer Investment Management Ltd. lifted its position in shares of Aercap by 56.3% during the fourth quarter. Mawer Investment Management Ltd. now owns 3,272,935 shares of the financial services provider's stock worth $470,517,000 after purchasing an additional 1,179,241 shares during the last quarter. Donald Smith & CO. Inc. bought a new stake in shares of Aercap during the second quarter worth $424,585,000. JPMorgan Chase & Co. boosted its stake in shares of Aercap by 2.7% during the fourth quarter. JPMorgan Chase & Co. now owns 2,738,772 shares of the financial services provider's stock valued at $393,726,000 after purchasing an additional 71,923 shares during the period. Finally, WGI DM LLC boosted its stake in shares of Aercap by 1.2% during the fourth quarter. WGI DM LLC now owns 2,586,515 shares of the financial services provider's stock valued at $371,837,000 after purchasing an additional 30,703 shares during the period. 96.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AER. Barclays raised their price target on shares of Aercap from $164.00 to $179.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 7th. Citigroup upped their target price on shares of Aercap from $173.00 to $178.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Truist Financial raised their target price on shares of Aercap from $175.00 to $180.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Morgan Stanley lifted their price target on shares of Aercap from $155.00 to $165.00 and gave the company an "equal weight" rating in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $190.00 price target on shares of Aercap in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Aercap has an average rating of "Buy" and a consensus price target of $172.56.

Aercap Stock Performance

AER stock opened at $141.12 on Thursday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.28 and a quick ratio of 0.28. The business has a 50-day moving average price of $149.14 and a 200 day moving average price of $144.19. The company has a market capitalization of $23.55 billion, a P/E ratio of 6.95, a PEG ratio of 0.57 and a beta of 0.93. Aercap Holdings N.V. has a 1-year low of $118.93 and a 1-year high of $158.80.

Aercap (NYSE:AER - Get Free Report) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.14 by $1.00. The company had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $2.10 billion. Aercap had a net margin of 37.85% and a return on equity of 17.60%. The firm's quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.83 EPS. Aercap has set its FY 2026 guidance at 16.800-16.800 EPS. As a group, equities research analysts forecast that Aercap Holdings N.V. will post 18.95 EPS for the current fiscal year.

Aercap Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 12th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, August 12th. Aercap's dividend payout ratio is presently 7.87%.

Aercap Profile

AerCap Holdings N.V. is a global aviation leasing company headquartered in Dublin, Ireland, and listed on the New York Stock Exchange under the symbol AER. The company provides aircraft, engine and helicopter leasing services to airlines and other aviation customers worldwide.

AerCap's business includes operating leases, finance leases, aircraft sales, asset management and fleet transition services. Its portfolio is centered on commercial passenger aircraft and also includes freighter aircraft, aircraft engines and helicopters.

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