State of New Jersey Common Pension Fund D Has $10.08 Million Stake in Aercap Holdings N.V. $AER

State of New Jersey Common Pension Fund D decreased its position in Aercap Holdings N.V. (NYSE:AER) by 4.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 86,159 shares of the financial services provider’s stock after selling 3,800 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Aercap were worth $10,081,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AER. Mather Group LLC. raised its holdings in shares of Aercap by 230.1% in the 1st quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 214 shares during the last quarter. Quarry LP bought a new stake in Aercap in the 1st quarter worth about $37,000. Caitong International Asset Management Co. Ltd bought a new stake in Aercap in the 2nd quarter worth about $43,000. Geneos Wealth Management Inc. grew its position in Aercap by 26.6% in 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. Finally, Whittier Trust Co. bought a new stake in Aercap in the 2nd quarter worth about $53,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analyst Upgrades and Downgrades

AER has been the subject of several analyst reports. Susquehanna raised their price objective on shares of Aercap from $130.00 to $134.00 and gave the stock a “positive” rating in a report on Wednesday, August 13th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Aercap in a research note on Friday. Barclays increased their target price on shares of Aercap from $131.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday. Zacks Research upgraded shares of Aercap from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Finally, Morgan Stanley increased their target price on shares of Aercap from $111.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.00.

Aercap Price Performance

Shares of NYSE:AER opened at $121.88 on Friday. The stock has a market cap of $22.76 billion, a PE ratio of 7.58, a PEG ratio of 2.44 and a beta of 1.40. The company’s fifty day moving average is $121.63 and its 200 day moving average is $114.29. Aercap Holdings N.V. has a 52 week low of $85.57 and a 52 week high of $126.27. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 2.57.

Aercap (NYSE:AER) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $0.08. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Aercap had a net margin of 36.93% and a return on equity of 13.13%. The firm’s revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $3.01 EPS. Aercap has set its FY 2025 guidance at 11.600-11.600 EPS. Research analysts anticipate that Aercap Holdings N.V. will post 11.29 earnings per share for the current year.

Aercap Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Wednesday, August 13th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, August 13th. Aercap’s dividend payout ratio (DPR) is presently 6.72%.

About Aercap

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.