Teacher Retirement System of Texas Grows Stake in Aercap Holdings N.V. $AER

Key Points

• Teacher Retirement System of Texas increased its stake in Aercap by 13.9% to 205,041 shares (about 0.11% ownership), worth roughly $29.48 million, while institutional investors own 96.42% of the stock.
• Aercap posted strong quarterly results—EPS of $3.95 vs. $3.31 expected and revenue of $2.36 billion—and raised its quarterly dividend to $0.40 (annualized $1.60, ~1.2% yield, DPR 7.5%).
• Analyst sentiment is broadly positive with eight Buy and two Hold ratings (average "Moderate Buy") and a consensus target price of $153.38, supported by recent target increases from Barclays, Morgan Stanley and Deutsche Bank.

Teacher Retirement System of Texas lifted its position in Aercap Holdings N.V. (NYSE:AER - Free Report) by 13.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 205,041 shares of the financial services provider's stock after buying an additional 25,014 shares during the period. Teacher Retirement System of Texas owned approximately 0.11% of Aercap worth $29,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Mather Group LLC. bought a new position in Aercap in the 3rd quarter worth $26,000. Harbor Capital Advisors Inc. bought a new position in Aercap in the 4th quarter worth $27,000. Advisory Services Network LLC bought a new position in Aercap in the 3rd quarter worth $35,000. Geneos Wealth Management Inc. raised its holdings in Aercap by 26.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider's stock worth $46,000 after purchasing an additional 94 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Aercap by 36.5% in the 4th quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider's stock worth $52,000 after purchasing an additional 96 shares during the period. 96.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AER has been the topic of a number of recent research reports. Barclays raised their target price on Aercap from $144.00 to $162.00 and gave the stock an "overweight" rating in a report on Tuesday, January 6th. Morgan Stanley raised their target price on Aercap from $150.00 to $160.00 and gave the stock an "equal weight" rating in a report on Monday, March 2nd. TD Cowen reaffirmed a "buy" rating on shares of Aercap in a report on Monday, March 16th. Deutsche Bank Aktiengesellschaft set a $175.00 target price on Aercap and gave the stock a "buy" rating in a report on Tuesday, February 10th. Finally, Weiss Ratings reaffirmed a "buy (b+)" rating on shares of Aercap in a report on Monday. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $153.38.

Aercap Trading Up 0.6%

Shares of AER stock opened at $139.05 on Friday. Aercap Holdings N.V. has a 52-week low of $99.04 and a 52-week high of $154.94. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a market capitalization of $23.20 billion, a PE ratio of 6.52, a PEG ratio of 1.22 and a beta of 0.99. The stock has a fifty day simple moving average of $142.44 and a two-hundred day simple moving average of $138.73.

Aercap (NYSE:AER - Get Free Report) last issued its quarterly earnings results on Saturday, February 7th. The financial services provider reported $3.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.31 by $0.64. Aercap had a return on equity of 15.11% and a net margin of 44.04%.The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the prior year, the business posted $3.31 EPS. Aercap's revenue for the quarter was up 8.3% compared to the same quarter last year. On average, analysts predict that Aercap Holdings N.V. will post 15.4 EPS for the current fiscal year.

Aercap Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Wednesday, February 25th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Wednesday, February 25th. This is a boost from Aercap's previous quarterly dividend of $0.27. Aercap's dividend payout ratio (DPR) is currently 7.50%.

Aercap Profile

AerCap Holdings N.V. NYSE: AER is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.

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