Public Employees Retirement System of Ohio purchased a new position in shares of Aercap Holdings N.V. (NYSE:AER – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 92,352 shares of the financial services provider’s stock, valued at approximately $13,463,000.
A number of other hedge funds have also recently made changes to their positions in the business. Integrated Wealth Concepts LLC grew its holdings in shares of Aercap by 19.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,649 shares of the financial services provider’s stock valued at $271,000 after purchasing an additional 423 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Aercap by 282.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,659 shares of the financial services provider’s stock worth $680,000 after purchasing an additional 4,919 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Aercap by 26.6% during the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after buying an additional 94 shares during the period. Invesco Ltd. grew its stake in shares of Aercap by 43.3% during the second quarter. Invesco Ltd. now owns 459,459 shares of the financial services provider’s stock valued at $53,757,000 after buying an additional 138,843 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Aercap by 59.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,143 shares of the financial services provider’s stock worth $134,000 after buying an additional 425 shares during the period. 96.42% of the stock is currently owned by institutional investors.
Aercap Stock Performance
Aercap stock opened at $147.25 on Monday. Aercap Holdings N.V. has a fifty-two week low of $118.93 and a fifty-two week high of $158.80. The stock’s 50 day simple moving average is $149.50 and its two-hundred day simple moving average is $144.50. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market cap of $24.57 billion, a price-to-earnings ratio of 7.25, a PEG ratio of 0.59 and a beta of 0.93.
Aercap Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 12th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Aercap’s dividend payout ratio is 7.87%.
Analyst Upgrades and Downgrades
AER has been the topic of a number of analyst reports. Susquehanna lifted their price target on Aercap from $170.00 to $176.00 and gave the stock a “positive” rating in a research note on Tuesday, July 7th. Weiss Ratings cut shares of Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, July 30th. Truist Financial increased their price target on shares of Aercap from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Morgan Stanley boosted their price objective on shares of Aercap from $155.00 to $165.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Finally, Zacks Research raised Aercap from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Aercap currently has a consensus rating of “Buy” and an average target price of $172.56.
Read Our Latest Analysis on Aercap
Aercap Company 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.
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