Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $3.09 Million Position in AerCap Holdings (NYSE:AER)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of AerCap Holdings (NYSE:AER) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,309 shares of the financial services provider’s stock after purchasing an additional 443 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in AerCap were worth $3,092,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. raised its position in AerCap by 59.3% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 17,875 shares of the financial services provider’s stock worth $1,686,000 after purchasing an additional 6,654 shares during the last quarter. Bank of New York Mellon Corp raised its position 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 acquiring an additional 4,222 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of AerCap by 5.3% in the third quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider’s stock worth $545,726,000 after acquiring an additional 282,980 shares during the period. Dynamic Technology Lab Private Ltd boosted its holdings in AerCap by 145.5% in the third quarter. Dynamic Technology Lab Private Ltd now owns 21,235 shares of the financial services provider’s stock valued at $2,011,000 after acquiring an additional 12,584 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in AerCap by 23.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 69,796 shares of the financial services provider’s stock valued at $6,611,000 after purchasing an additional 13,082 shares during the period. 96.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AER shares. Bank of America upped their price objective on shares of AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Susquehanna upped their price target on shares of AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a research report on Thursday, February 27th. UBS Group lowered AerCap to an “underperform” rating in a research report on Friday, March 7th. Finally, Barclays restated an “overweight” rating and set a $115.00 target price (up previously from $113.00) on shares of AerCap in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, AerCap presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.43.

AerCap Price Performance

Shares of NYSE AER opened at $103.45 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm’s 50-day moving average price is $99.07 and its 200-day moving average price is $96.81. The firm has a market capitalization of $19.32 billion, a P/E ratio of 8.20, a P/E/G ratio of 2.22 and a beta of 1.83. AerCap Holdings has a 1-year low of $81.93 and a 1-year high of $107.36.

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

AerCap Increases Dividend

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

AerCap declared that its board has authorized a share repurchase plan on Wednesday, February 26th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.