Retirement Systems of Alabama Invests $5.73 Million in Aercap Holdings N.V. (NYSE:AER)

Retirement Systems of Alabama purchased a new position in Aercap Holdings N.V. (NYSE:AER - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 56,100 shares of the financial services provider's stock, valued at approximately $5,732,000.

A number of other institutional investors have also added to or reduced their stakes in AER. Rhumbline Advisers increased its stake in Aercap by 4.5% during the 4th quarter. Rhumbline Advisers now owns 51,349 shares of the financial services provider's stock valued at $4,914,000 after purchasing an additional 2,196 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Aercap by 2.1% in the fourth quarter. Principal Financial Group Inc. now owns 15,857 shares of the financial services provider's stock worth $1,518,000 after purchasing an additional 323 shares during the last quarter. Atria Wealth Solutions Inc. raised its stake in Aercap by 5.8% during the 4th quarter. Atria Wealth Solutions Inc. now owns 5,547 shares of the financial services provider's stock valued at $531,000 after buying an additional 306 shares during the last quarter. Ieq Capital LLC boosted its stake in shares of Aercap by 19.7% in the 4th quarter. Ieq Capital LLC now owns 2,830 shares of the financial services provider's stock worth $271,000 after buying an additional 466 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in shares of Aercap by 3.5% in the fourth quarter. Handelsbanken Fonder AB now owns 14,484 shares of the financial services provider's stock worth $1,386,000 after acquiring an additional 493 shares during the period. Institutional investors own 96.42% of the company's stock.

Analyst Upgrades and Downgrades

AER has been the subject of a number of recent research reports. UBS Group downgraded shares of Aercap to an "underperform" rating in a research report on Friday, March 7th. Bank of America boosted their price target on Aercap from $105.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, March 7th. JPMorgan Chase & Co. increased their price objective on shares of Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Morgan Stanley upped their target price on shares of Aercap from $101.00 to $111.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Finally, Barclays reiterated an "overweight" rating and issued a $115.00 price target (up from $113.00) on shares of Aercap in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Aercap has an average rating of "Moderate Buy" and a consensus target price of $119.25.

Aercap Trading Down 1.2%

Shares of AER stock traded down $1.41 on Wednesday, hitting $114.60. The stock had a trading volume of 662,843 shares, compared to its average volume of 1,367,068. The company's 50 day moving average price is $110.39 and its 200-day moving average price is $102.03. The firm has a market capitalization of $21.40 billion, a P/E ratio of 10.17, a P/E/G ratio of 2.35 and a beta of 1.39. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.21 and a quick ratio of 0.21. Aercap Holdings N.V. has a 1 year low of $82.21 and a 1 year high of $118.07.

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

Aercap announced that its board has approved a share repurchase plan on Wednesday, February 26th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 4.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Aercap Dividend Announcement

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

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.