State of New Jersey Common Pension Fund D Boosts Stock Position in AerCap Holdings (NYSE:AER)

State of New Jersey Common Pension Fund D boosted its holdings in AerCap Holdings (NYSE:AER - Free Report) by 23.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 114,700 shares of the financial services provider's stock after acquiring an additional 22,100 shares during the period. State of New Jersey Common Pension Fund D owned 0.05% of AerCap worth $8,525,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in AerCap by 9.9% during the third quarter. Wellington Management Group LLP now owns 21,028,200 shares of the financial services provider's stock worth $1,317,837,000 after purchasing an additional 1,901,459 shares in the last quarter. 59 North Capital Management LP lifted its stake in AerCap by 123.7% during the third quarter. 59 North Capital Management LP now owns 2,872,302 shares of the financial services provider's stock worth $180,007,000 after purchasing an additional 1,588,196 shares in the last quarter. Ninety One UK Ltd lifted its stake in AerCap by 93.0% during the fourth quarter. Ninety One UK Ltd now owns 2,425,602 shares of the financial services provider's stock worth $180,271,000 after purchasing an additional 1,168,628 shares in the last quarter. Soros Fund Management LLC lifted its stake in AerCap by 120.8% during the third quarter. Soros Fund Management LLC now owns 1,857,644 shares of the financial services provider's stock worth $116,419,000 after purchasing an additional 1,016,395 shares in the last quarter. Finally, Goldentree Asset Management LP lifted its stake in AerCap by 105.6% during the third quarter. Goldentree Asset Management LP now owns 1,846,516 shares of the financial services provider's stock worth $115,721,000 after purchasing an additional 948,299 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

AerCap Stock Performance

Shares of AER stock traded up $0.29 during mid-day trading on Friday, hitting $85.47. 1,510,828 shares of the stock were exchanged, compared to its average volume of 1,558,813. The stock's fifty day simple moving average is $82.96 and its two-hundred day simple moving average is $74.47. The stock has a market capitalization of $16.92 billion, a price-to-earnings ratio of 6.05, a P/E/G ratio of 2.71 and a beta of 1.85. AerCap Holdings has a 12-month low of $53.42 and a 12-month high of $88.44. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.33 and a current ratio of 0.33.

AerCap (NYSE:AER - Get Free Report) last issued its quarterly earnings data on Friday, February 23rd. The financial services provider reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.67. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. AerCap had a return on equity of 14.92% and a net margin of 41.37%. The business's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.66 earnings per share. On average, analysts forecast that AerCap Holdings will post 9.88 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AER shares. BMO Capital Markets reduced their price objective on AerCap from $103.00 to $101.00 and set an "outperform" rating on the stock in a research note on Monday, February 26th. Barclays increased their price objective on AerCap from $84.00 to $93.00 and gave the company an "overweight" rating in a research note on Monday, February 26th. TD Cowen reiterated a "buy" rating and issued a $85.00 price objective on shares of AerCap in a research note on Tuesday, February 27th. Finally, Susquehanna increased their price objective on AerCap from $80.00 to $90.00 and gave the company a "positive" rating in a research note on Monday, February 26th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, AerCap presently has a consensus rating of "Buy" and a consensus target price of $87.71.

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.

Want to see what other hedge funds are holding AER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AerCap Holdings (NYSE:AER - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.