AerCap Holdings (NYSE:AER) Position Lessened by Employees Retirement System of Texas

Employees Retirement System of Texas lessened its position in shares of AerCap Holdings (NYSE:AER - Free Report) by 10.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,824 shares of the financial services provider's stock after selling 8,400 shares during the period. Employees Retirement System of Texas' holdings in AerCap were worth $7,067,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in AerCap by 89.9% in the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider's stock worth $25,000 after acquiring an additional 134 shares during the last quarter. Trust Co. of Vermont acquired a new position in AerCap during the 4th quarter valued at approximately $27,000. Mather Group LLC. grew its stake in AerCap by 230.1% during the 2nd quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock worth $27,000 after buying an additional 214 shares during the last quarter. Assetmark Inc. acquired a new stake in AerCap in the fourth quarter worth $42,000. Finally, CVA Family Office LLC bought a new stake in AerCap in the first quarter valued at $52,000. Institutional investors and hedge funds own 96.42% of the company's stock.

AerCap Price Performance

Shares of NYSE AER traded down $0.87 during midday trading on Thursday, reaching $94.45. The company's stock had a trading volume of 1,009,687 shares, compared to its average volume of 1,509,858. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 2.69. The company has a market cap of $18.69 billion, a price-to-earnings ratio of 6.15, a price-to-earnings-growth ratio of 2.16 and a beta of 1.83. AerCap Holdings has a one year low of $57.30 and a one year high of $98.79. The company has a 50 day moving average price of $93.47 and a 200 day moving average price of $90.79.

AerCap (NYSE:AER - Get Free Report) last issued its earnings results on Thursday, August 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.41 by $0.60. AerCap had a return on equity of 15.12% and a net margin of 42.02%. The business had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.89 billion. During the same period in the previous year, the firm posted $2.56 EPS. The company's quarterly revenue was up 1.8% on a year-over-year basis. On average, equities research analysts expect that AerCap Holdings will post 11.33 EPS for the current year.

AerCap Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 14th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Wednesday, August 14th. AerCap's dividend payout ratio (DPR) is currently 6.51%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Susquehanna increased their price objective on shares of AerCap from $100.00 to $108.00 and gave the stock a "positive" rating in a report on Friday, August 2nd. Barclays boosted their price objective on AerCap from $111.00 to $113.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Morgan Stanley assumed coverage on AerCap in a research note on Friday, June 7th. They set an "equal weight" rating and a $103.00 target price on the stock. Finally, TD Cowen reissued a "buy" rating and set a $125.00 price target on shares of AerCap in a report on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, AerCap currently has a consensus rating of "Moderate Buy" and a consensus price target of $102.38.

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.