Public Employees Retirement System of Ohio Invests $3.48 Million in AerCap Holdings (NYSE:AER)

Public Employees Retirement System of Ohio bought a new stake in AerCap Holdings (NYSE:AER - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 36,716 shares of the financial services provider's stock, valued at approximately $3,478,000.

Several other institutional investors and hedge funds have also modified their holdings of AER. Darsana Capital Partners LP bought a new position in AerCap in the 3rd quarter worth approximately $94,720,000. TOMS Capital Investment Management LP bought a new stake in shares of AerCap during the third quarter worth $60,526,000. Assenagon Asset Management S.A. raised its position in shares of AerCap by 176.2% during the third quarter. Assenagon Asset Management S.A. now owns 753,267 shares of the financial services provider's stock worth $71,349,000 after acquiring an additional 480,551 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in shares of AerCap by 182.3% during the second quarter. Point72 Asset Management L.P. now owns 663,587 shares of the financial services provider's stock valued at $61,846,000 after acquiring an additional 428,487 shares during the period. Finally, Wedge Capital Management L L P NC boosted its holdings in AerCap by 3,568.6% in the third quarter. Wedge Capital Management L L P NC now owns 427,756 shares of the financial services provider's stock valued at $40,517,000 after acquiring an additional 416,096 shares during the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.

AerCap Stock Up 1.7 %

Shares of AerCap stock traded up $1.64 during trading hours on Monday, reaching $97.30. 1,574,243 shares of the company's stock were exchanged, compared to its average volume of 1,404,279. The stock has a market cap of $19.26 billion, a P/E ratio of 7.71, a P/E/G ratio of 2.17 and a beta of 1.82. The company has a 50 day moving average of $96.45 and a two-hundred day moving average of $94.47. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. AerCap Holdings has a fifty-two week low of $70.48 and a fifty-two week high of $100.81.

AerCap (NYSE:AER - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, hitting analysts' consensus estimates of $2.41. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.92 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business's revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.81 earnings per share. On average, sell-side analysts forecast that AerCap Holdings will post 11.26 EPS for the current fiscal year.

AerCap Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Wednesday, November 13th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Wednesday, November 13th. AerCap's payout ratio is currently 7.92%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AER shares. The Goldman Sachs Group restated a "buy" rating and set a $119.00 target price on shares of AerCap in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of AerCap from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, AerCap has a consensus rating of "Moderate Buy" and an average price target of $112.00.

AerCap 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.