48,156 Shares in Aercap Holdings N.V. (NYSE:AER) Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund purchased a new stake in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 48,156 shares of the financial services provider's stock, valued at approximately $4,920,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in Aercap during the 4th quarter worth about $218,517,000. Alyeska Investment Group L.P. grew its stake in shares of 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 purchasing an additional 875,950 shares in the last quarter. TOMS Capital Investment Management LP raised its position in shares of Aercap by 118.8% during the 4th 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 in the last quarter. Millennium Management LLC lifted its position in shares of Aercap by 190.7% during the 4th quarter. Millennium Management LLC now owns 1,074,931 shares of the financial services provider's stock worth $102,871,000 after buying an additional 705,212 shares during the last quarter. Finally, Northern Trust Corp boosted its stake 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 acquiring an additional 664,990 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Aercap Price Performance

AER traded down $0.78 on Wednesday, reaching $114.81. The company had a trading volume of 873,942 shares, compared to its average volume of 1,350,193. Aercap Holdings N.V. has a one year low of $82.21 and a one year high of $118.07. The company has a market capitalization of $21.44 billion, a P/E ratio of 10.18, a PEG ratio of 2.38 and a beta of 1.38. The company has a fifty day moving average of $112.36 and a 200-day moving average of $102.73. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 2.69.

Aercap (NYSE:AER - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.69 by $0.99. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.01 billion. Aercap had a return on equity of 13.84% and a net margin of 26.53%. The firm's quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the company posted $3.29 EPS. As a group, equities research analysts anticipate that Aercap Holdings N.V. will post 11.29 earnings per share for the current year.

Aercap Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $1.08 annualized dividend and a dividend yield of 0.94%. Aercap's dividend payout ratio (DPR) is 9.58%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AER. Morgan Stanley lifted their target price on shares of Aercap from $101.00 to $111.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Bank of America lifted their price objective on shares of Aercap from $105.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. boosted their price objective on shares of Aercap from $112.00 to $114.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Susquehanna boosted their price objective on shares of Aercap from $120.00 to $130.00 and gave the stock a "positive" rating in a research report on Tuesday, May 13th. Finally, UBS Group downgraded Aercap to an "underperform" rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $119.25.

Aercap 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.