California Public Employees Retirement System Reduces Stake in AerCap Holdings (NYSE:AER)

California Public Employees Retirement System trimmed its position in AerCap Holdings (NYSE:AER - Free Report) by 8.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 341,344 shares of the financial services provider's stock after selling 31,381 shares during the quarter. California Public Employees Retirement System owned 0.17% of AerCap worth $32,667,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Toth Financial Advisory Corp bought a new stake in shares of AerCap in the fourth quarter valued at about $29,000. Fortitude Family Office LLC bought a new stake in shares of AerCap in the 4th quarter valued at about $38,000. Quantbot Technologies LP bought a new stake in shares of AerCap in the 3rd quarter valued at about $66,000. TD Private Client Wealth LLC purchased a new stake in shares of AerCap in the 3rd quarter worth approximately $78,000. Finally, Eagle Bay Advisors LLC boosted its stake in shares of AerCap by 1,148.5% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,261 shares of the financial services provider's stock valued at $121,000 after purchasing an additional 1,160 shares in the last quarter. Institutional investors own 96.42% of the company's stock.

AerCap Stock Up 0.1 %

AerCap stock traded up $0.11 during midday trading on Monday, reaching $89.52. The company's stock had a trading volume of 3,396,577 shares, compared to its average volume of 1,358,267. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market capitalization of $16.72 billion, a P/E ratio of 7.09, a PEG ratio of 2.22 and a beta of 1.46. The stock's 50-day simple moving average is $99.89 and its 200-day simple moving average is $97.27. AerCap Holdings has a 52-week low of $81.93 and a 52-week high of $107.36.

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AerCap (NYSE:AER - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $3.31 EPS for the quarter, beating the consensus estimate of $2.56 by $0.75. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.97 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. On average, sell-side analysts expect that AerCap Holdings will post 11.29 EPS for the current year.

AerCap declared that its Board of Directors has initiated a share buyback program on Wednesday, February 26th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to reacquire up to 4.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

AerCap Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This is a positive change from AerCap's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.21%. AerCap's payout ratio is 9.99%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. UBS Group downgraded shares of AerCap to an "underperform" rating in a research note on Friday, March 7th. Bank of America boosted their price target on AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Susquehanna upped their price objective on AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a research note on Thursday, February 27th. Finally, Barclays reiterated an "overweight" rating and issued a $115.00 target price (up previously from $113.00) on shares of AerCap in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $117.43.

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.