Teacher Retirement System of Texas lessened its holdings in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 66.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 136,210 shares of the financial services provider's stock after selling 275,452 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.07% of Aercap worth $13,917,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriflex Group Inc. bought a new position in Aercap during the 4th quarter valued at approximately $27,000. Mather Group LLC. boosted its holdings in Aercap by 230.1% in the first quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock worth $31,000 after purchasing an additional 214 shares during the last quarter. Pinpoint Asset Management Ltd bought a new stake in shares of Aercap in the fourth quarter worth $35,000. Blue Trust Inc. grew its stake in shares of Aercap by 42.2% during the 1st quarter. Blue Trust Inc. now owns 1,318 shares of the financial services provider's stock valued at $135,000 after purchasing an additional 391 shares during the period. Finally, Bessemer Group Inc. increased its holdings in Aercap by 473.2% during the first quarter. Bessemer Group Inc. now owns 1,473 shares of the financial services provider's stock valued at $150,000 after buying an additional 1,216 shares during the last quarter. 96.42% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
AER has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of 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 objective on shares of Aercap from $101.00 to $111.00 and gave the company an "equal weight" rating in a research report on Thursday, May 1st. Susquehanna boosted their price objective on shares of Aercap from $120.00 to $130.00 and gave the company a "positive" rating in a research report on Tuesday, May 13th. Bank of America raised their price target on Aercap from $105.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Finally, UBS Group downgraded shares of Aercap to an "underperform" rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $119.25.
Check Out Our Latest Research Report on AER
Aercap Stock Up 0.7%
Shares of AER traded up $0.84 during midday trading on Friday, hitting $115.89. The company had a trading volume of 912,170 shares, compared to its average volume of 1,351,296. Aercap Holdings N.V. has a 1 year low of $82.21 and a 1 year high of $118.07. The firm has a market capitalization of $21.65 billion, a P/E ratio of 10.28, a P/E/G ratio of 2.36 and a beta of 1.38. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.21 and a current ratio of 0.21. The company's 50-day simple moving average is $113.18 and its 200-day simple moving average is $103.09.
Aercap (NYSE:AER - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share for the quarter, beating analysts' consensus estimates of $2.69 by $0.99. Aercap had a net margin of 26.53% and a return on equity of 13.84%. The firm had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the previous year, the company earned $3.29 earnings per share. Aercap's quarterly revenue was up 2.9% compared to the same quarter last year. As a group, sell-side analysts expect that Aercap Holdings N.V. will post 11.29 EPS for the current year.
Aercap Dividend Announcement
The company also recently declared 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 0.93%. Aercap's dividend payout ratio is currently 9.58%.
About Aercap
(
Free Report)
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.
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