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

California Public Employees Retirement System cut its holdings in AerCap Holdings (NYSE:AER) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 341,344 shares of the financial services provider’s stock after selling 31,381 shares during the quarter. California Public Employees Retirement System’s holdings in AerCap were worth $32,667,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. B. Riley Wealth Advisors Inc. increased its position in AerCap by 59.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 17,875 shares of the financial services provider’s stock valued at $1,686,000 after acquiring an additional 6,654 shares during the period. Bank of New York Mellon Corp raised its stake in shares of AerCap by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 446,303 shares of the financial services provider’s stock worth $42,711,000 after purchasing an additional 4,222 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of AerCap by 5.3% during the third quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider’s stock worth $545,726,000 after purchasing an additional 282,980 shares during the period. Barclays PLC grew its position in AerCap by 95.5% in the 3rd quarter. Barclays PLC now owns 91,707 shares of the financial services provider’s stock valued at $8,687,000 after buying an additional 44,797 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in AerCap in the 3rd quarter valued at $3,478,000. 96.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AER has been the subject of several recent analyst reports. UBS Group cut shares of AerCap to an “underperform” rating in a research note on Friday, March 7th. Bank of America boosted their target price on AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Susquehanna raised their price target on AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a report on Thursday, February 27th. Finally, Barclays reaffirmed an “overweight” rating and set a $115.00 price objective (up previously from $113.00) on shares of AerCap in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $117.43.

AerCap Stock Performance

Shares of AER stock opened at $103.95 on Thursday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market cap of $19.42 billion, a PE ratio of 8.24, a P/E/G ratio of 2.22 and a beta of 1.45. AerCap Holdings has a 1 year low of $81.93 and a 1 year high of $107.36. The stock has a fifty day moving average price of $100.05 and a 200 day moving average price of $97.32.

AerCap (NYSE:AER) last released its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $3.31 EPS for the quarter, topping the consensus estimate of $2.56 by $0.75. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.97 billion. Sell-side analysts forecast that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap declared that its board has authorized a stock repurchase program on Wednesday, February 26th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 4.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

AerCap Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be given a dividend of $0.27 per share. This is an increase from AerCap’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Wednesday, March 12th. AerCap’s payout ratio is currently 9.99%.

AerCap Company 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.