AerCap Holdings (NYSE:AER) Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System raised its holdings in shares of AerCap Holdings (NYSE:AER - Free Report) by 22.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 358,689 shares of the financial services provider's stock after acquiring an additional 65,082 shares during the period. California Public Employees Retirement System owned about 0.17% of AerCap worth $26,658,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AER. Wellington Management Group LLP boosted its stake in shares of 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 valued at $1,317,837,000 after purchasing an additional 1,901,459 shares during the period. 59 North Capital Management LP boosted its stake in shares of 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 valued at $180,007,000 after purchasing an additional 1,588,196 shares during the period. Ninety One UK Ltd boosted its stake in shares of 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 valued at $180,271,000 after purchasing an additional 1,168,628 shares during the period. Soros Fund Management LLC raised its holdings in AerCap by 120.8% in 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 raised its holdings in AerCap by 105.6% in 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. Hedge funds and other institutional investors own 96.42% of the company's stock.

Analysts Set New Price Targets

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

AerCap Stock Performance

Shares of AER stock traded up $0.31 during trading hours on Friday, reaching $85.49. The company had a trading volume of 1,510,830 shares, compared to its average volume of 1,362,683. The business has a fifty day moving average price of $83.12 and a 200-day moving average price of $74.74. AerCap Holdings has a one year low of $53.42 and a one year high of $88.44. The firm has a market cap of $16.92 billion, a PE ratio of 6.05, a price-to-earnings-growth ratio of 2.77 and a beta of 1.85. 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 announced its quarterly earnings results on Friday, February 23rd. The financial services provider reported $3.11 EPS for the quarter, topping analysts' consensus estimates of $2.44 by $0.67. AerCap had a net margin of 41.37% and a return on equity of 14.92%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the business posted $2.66 earnings per share. The business's revenue for the quarter was up 3.8% on a year-over-year basis. Sell-side analysts predict that AerCap Holdings will post 9.7 earnings per share for the current fiscal year.

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.