36,716 Shares in AerCap Holdings (NYSE:AER) Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in AerCap Holdings (NYSE:AER) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 36,716 shares of the financial services provider’s stock, valued at approximately $3,478,000.

Other institutional investors also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of AerCap by 2.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,077 shares of the financial services provider’s stock valued at $1,807,000 after purchasing an additional 451 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in AerCap by 66.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 279,803 shares of the financial services provider’s stock worth $26,503,000 after buying an additional 112,084 shares during the last quarter. KBC Group NV grew its holdings in AerCap by 18.7% in the 3rd quarter. KBC Group NV now owns 350,888 shares of the financial services provider’s stock valued at $33,236,000 after buying an additional 55,213 shares during the period. Summit Global Investments acquired a new position in shares of AerCap during the 3rd quarter valued at about $667,000. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of AerCap by 319.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 34,132 shares of the financial services provider’s stock worth $3,181,000 after acquiring an additional 25,995 shares during the period. 96.42% of the stock is currently owned by institutional investors and hedge funds.

AerCap Stock Up 0.7 %

AER opened at $95.66 on Monday. AerCap Holdings has a 1 year low of $70.48 and a 1 year high of $100.81. The firm has a 50 day moving average price of $96.39 and a 200 day moving average price of $94.43. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $18.93 billion, a PE ratio of 7.58, a price-to-earnings-growth ratio of 2.17 and a beta of 1.82.

AerCap (NYSE:AER) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, meeting analysts’ consensus estimates of $2.41. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter last year, the firm posted $2.81 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Sell-side analysts expect that AerCap Holdings will post 11.26 earnings per share for the current year.

AerCap Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Wednesday, November 13th. AerCap’s dividend payout ratio is presently 7.92%.

Wall Street Analyst Weigh In

AER has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $119.00 price target on shares of AerCap in a report on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.00.

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.