Teacher Retirement System of Texas Has $16.05 Million Holdings in Aercap Holdings N.V. $AER

Teacher Retirement System of Texas lifted its position in shares of Aercap Holdings N.V. (NYSE:AER) by 0.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 137,164 shares of the financial services provider’s stock after acquiring an additional 954 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.07% of Aercap worth $16,048,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. lifted its stake in shares of Aercap by 6.5% in the 1st quarter. American Century Companies Inc. now owns 129,341 shares of the financial services provider’s stock valued at $13,215,000 after purchasing an additional 7,896 shares during the period. Mather Group LLC. raised its stake 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 valued at $31,000 after purchasing an additional 214 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Aercap by 1.4% in the 1st quarter. Bank of New York Mellon Corp now owns 452,376 shares of the financial services provider’s stock valued at $46,219,000 after purchasing an additional 6,073 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Aercap by 9.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,996 shares of the financial services provider’s stock valued at $1,123,000 after purchasing an additional 978 shares during the period. Finally, Zurich Insurance Group Ltd FI raised its stake in shares of Aercap by 24.8% in the 1st quarter. Zurich Insurance Group Ltd FI now owns 129,682 shares of the financial services provider’s stock valued at $13,250,000 after purchasing an additional 25,780 shares during the period. Institutional investors own 96.42% of the company’s stock.

Aercap Price Performance

AER stock opened at $120.90 on Wednesday. The stock has a market capitalization of $22.58 billion, a PE ratio of 7.52, a price-to-earnings-growth ratio of 2.41 and a beta of 1.40. The company’s 50-day moving average is $121.87 and its 200-day moving average is $114.82. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.44 and a quick ratio of 0.44. Aercap Holdings N.V. has a 1 year low of $85.57 and a 1 year high of $126.27.

Aercap (NYSE:AER) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.08. Aercap had a net margin of 36.93% and a return on equity of 13.13%. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter last year, the firm earned $3.01 EPS. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. Equities research analysts expect that Aercap Holdings N.V. will post 11.29 EPS for the current fiscal year.

Analysts Set New Price Targets

AER has been the subject of a number of recent analyst reports. Barclays raised their price objective on Aercap from $131.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Susquehanna boosted their price target on Aercap from $130.00 to $134.00 and gave the company a “positive” rating in a research note on Wednesday, August 13th. Morgan Stanley boosted their price target on Aercap from $111.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, July 17th. Weiss Ratings restated a “buy (b+)” rating on shares of Aercap in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded Aercap from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.

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.