California Public Employees Retirement System Has $44.03 Million Position in Aercap Holdings N.V. $AER

California Public Employees Retirement System lifted its stake in Aercap Holdings N.V. (NYSE:AER) by 2.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 320,947 shares of the financial services provider’s stock after acquiring an additional 8,715 shares during the period. California Public Employees Retirement System’s holdings in Aercap were worth $44,028,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new position in Aercap during the fourth quarter valued at about $27,000. Greenline Wealth Management LLC acquired a new position in Aercap in the 4th quarter valued at approximately $30,000. Advisory Services Network LLC bought a new stake in shares of Aercap in the 3rd quarter worth approximately $35,000. Cedar Mountain Advisors LLC bought a new stake in shares of Aercap in the 1st quarter worth approximately $44,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Aercap by 26.6% during 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 in the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Zacks Research cut Aercap from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Citigroup initiated coverage on Aercap in a research report on Monday. They issued a “buy” rating and a $173.00 target price for the company. Truist Financial lifted their price target on shares of Aercap from $161.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Morgan Stanley lowered their price target on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Finally, Susquehanna increased their price objective on shares of Aercap from $170.00 to $176.00 and gave the company a “positive” rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $168.67.

Aercap Price Performance

Aercap stock opened at $148.47 on Tuesday. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market capitalization of $24.78 billion, a PE ratio of 6.51, a price-to-earnings-growth ratio of 1.02 and a beta of 0.94. Aercap Holdings N.V. has a one year low of $105.65 and a one year high of $155.99. The business has a 50 day simple moving average of $143.13 and a 200 day simple moving average of $143.17.

Aercap (NYSE:AER) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share for the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%.The firm had revenue of $2.30 billion for the quarter. On average, sell-side analysts forecast that Aercap Holdings N.V. will post 17.39 EPS for the current fiscal year.

Aercap Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Wednesday, May 13th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Wednesday, May 13th. Aercap’s payout ratio is currently 7.01%.

Aercap announced that its Board of Directors has initiated a share repurchase program on Wednesday, April 29th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to buy up to 4.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Aercap Company 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.