Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Position in AerCap Holdings (NYSE:AER)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of AerCap Holdings (NYSE:AER) by 1.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 32,309 shares of the financial services provider’s stock after buying an additional 443 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in AerCap were worth $3,092,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Darsana Capital Partners LP bought a new position in shares of AerCap during the 3rd quarter worth approximately $94,720,000. TOMS Capital Investment Management LP purchased a new stake in shares of AerCap during the third quarter valued at approximately $60,526,000. KBC Group NV lifted its holdings in AerCap by 137.8% during the fourth quarter. KBC Group NV now owns 834,452 shares of the financial services provider’s stock worth $79,857,000 after acquiring an additional 483,564 shares during the period. State Street Corp boosted its position in AerCap by 8.3% in the third quarter. State Street Corp now owns 4,862,517 shares of the financial services provider’s stock worth $460,579,000 after purchasing an additional 370,906 shares during the last quarter. Finally, River Road Asset Management LLC grew its stake in AerCap by 896.4% in the 4th quarter. River Road Asset Management LLC now owns 391,506 shares of the financial services provider’s stock valued at $37,467,000 after purchasing an additional 352,215 shares during the period. Institutional investors own 96.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Susquehanna lifted their target price on AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a research note on Thursday, February 27th. UBS Group cut shares of AerCap to an “underperform” rating in a research note on Friday, March 7th. Bank of America lifted their price target on shares of AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Finally, Barclays reissued an “overweight” rating and set a $115.00 price objective (up 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 assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $117.43.

AerCap Stock Up 1.2 %

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

AerCap (NYSE:AER) last released its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.97 billion. On average, analysts predict that AerCap Holdings will post 11.29 earnings per share for the current year.

AerCap Increases Dividend

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

AerCap announced that its board has initiated a stock buyback program on Wednesday, February 26th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 4.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is 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.