Aercap Holdings N.V. $AER Shares Purchased by State of New Jersey Common Pension Fund D

Key Points

• The State of New Jersey Common Pension Fund D has increased its stake in Aercap Holdings N.V. by 7.1%, owning a total of 89,959 shares valued at approximately $9.2 million.
• Aercap announced a quarterly dividend of $0.27 per share, with shareholders of record set to receive it on September 4th, representing an annual yield of 1.0%.
• Recent analyst upgrades have set new target prices for Aercap, with Barclays increasing their target from $115 to $131, indicating strong market confidence in the stock's performance.

State of New Jersey Common Pension Fund D increased its position in Aercap Holdings N.V. (NYSE:AER - Free Report) by 7.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,959 shares of the financial services provider's stock after purchasing an additional 6,000 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Aercap were worth $9,191,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Alyeska Investment Group L.P. lifted its position in shares of Aercap by 139.1% in the 4th 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 during the period. TOMS Capital Investment Management LP increased 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 valued at $133,789,000 after buying an additional 759,000 shares during the period. Millennium Management LLC raised its stake 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 worth $102,871,000 after buying an additional 705,212 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Aercap by 43.7% during the first quarter. JPMorgan Chase & Co. now owns 2,298,552 shares of the financial services provider's stock worth $234,843,000 after buying an additional 699,520 shares during the period. Finally, Northern Trust Corp boosted its position in Aercap by 90.9% during the 4th 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 owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on AER shares. Susquehanna boosted their price target on Aercap from $130.00 to $134.00 and gave the stock a "positive" rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. lifted their target price on Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Morgan Stanley increased their price target on shares of Aercap from $111.00 to $120.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Finally, Barclays raised their price target on shares of Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Aercap currently has a consensus rating of "Moderate Buy" and an average price target of $122.57.

Aercap Stock Up 1.2%

Shares of AER stock traded up $1.4650 during trading hours on Friday, reaching $119.5050. 1,867,800 shares of the company's stock were exchanged, compared to its average volume of 1,480,701. Aercap Holdings N.V. has a 1 year low of $85.57 and a 1 year high of $120.48. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 2.57. The stock has a market cap of $22.32 billion, a PE ratio of 7.43, a PEG ratio of 2.32 and a beta of 1.44. The stock's fifty day moving average price is $113.55 and its two-hundred day moving average price is $107.14.

Aercap (NYSE:AER - Get Free Report) last released its earnings results on Wednesday, July 30th. The financial services provider reported $2.83 EPS for the quarter, topping analysts' consensus estimates of $2.75 by $0.08. The company had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $2.03 billion. Aercap had a net margin of 36.93% and a return on equity of 13.13%. Aercap's revenue for the quarter was down 3.6% on a year-over-year basis. During the same period last year, the business earned $3.01 EPS. Aercap has set its FY 2025 guidance at 11.600-11.600 EPS. Research analysts predict that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Wednesday, August 13th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 13th. Aercap's dividend payout ratio (DPR) is presently 6.72%.

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.