Public Employees Retirement System of Ohio Purchases 20,808 Shares of Aercap Holdings N.V. $AER

Public Employees Retirement System of Ohio increased its position in shares of Aercap Holdings N.V. (NYSE:AER) by 29.2% during the 1st quarter, Holdings Channel reports. The firm owned 92,152 shares of the financial services provider’s stock after acquiring an additional 20,808 shares during the period. Public Employees Retirement System of Ohio’s holdings in Aercap were worth $12,641,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Arbejdsmarkedets Tillaegspension purchased a new position in shares of Aercap during the fourth quarter valued at about $23,935,000. Convergence Investment Partners LLC bought a new position in Aercap during the fourth quarter valued at approximately $1,520,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Aercap by 6.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 175,986 shares of the financial services provider’s stock valued at $25,453,000 after buying an additional 10,447 shares during the last quarter. Pacific Capital Partners Ltd grew its holdings in Aercap by 65.8% during the 4th quarter. Pacific Capital Partners Ltd now owns 32,750 shares of the financial services provider’s stock valued at $4,708,000 after buying an additional 13,000 shares in the last quarter. Finally, Ninety One North America Inc. purchased a new position in Aercap during the 4th quarter valued at approximately $5,110,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AER. Citigroup initiated coverage on Aercap in a report on Monday, July 20th. They set a “buy” rating and a $173.00 price objective on the stock. TD Cowen raised their price objective on Aercap from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Weiss Ratings upgraded Aercap from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, July 8th. Susquehanna boosted their target price on Aercap from $170.00 to $176.00 and gave the company a “positive” rating in a research report on Tuesday, July 7th. Finally, Morgan Stanley lowered their price target on Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Aercap currently has an average rating of “Buy” and an average target price of $168.67.

Aercap Trading Up 0.0%

AER opened at $151.33 on Monday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34. The firm has a market cap of $25.25 billion, a price-to-earnings ratio of 6.63, a PEG ratio of 1.05 and a beta of 0.94. Aercap Holdings N.V. has a 12 month low of $105.65 and a 12 month high of $155.99. The stock has a fifty day moving average price of $143.77 and a 200-day moving average price of $143.32.

Aercap (NYSE:AER) last posted its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share (EPS) for the quarter. The company had revenue of $2.30 billion for the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%. As a group, equities research analysts anticipate that Aercap Holdings N.V. will post 17.39 earnings per share for the current fiscal year.

Aercap Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Wednesday, May 13th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Wednesday, May 13th. Aercap’s dividend payout ratio is currently 7.01%.

Aercap declared that its board has initiated a share repurchase plan on Wednesday, April 29th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to repurchase up to 4.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Aercap Profile

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.