Teacher Retirement System of Texas Has $39.40 Million Stock Position in AerCap Holdings (NYSE:AER)

Teacher Retirement System of Texas trimmed its holdings in AerCap Holdings (NYSE:AER - Free Report) by 5.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 411,662 shares of the financial services provider's stock after selling 24,820 shares during the quarter. Teacher Retirement System of Texas owned 0.21% of AerCap worth $39,396,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Toth Financial Advisory Corp bought a new stake in AerCap in the 4th quarter valued at $29,000. Truvestments Capital LLC acquired a new position in shares of AerCap during the third quarter valued at about $35,000. Fortitude Family Office LLC bought a new stake in shares of AerCap in the fourth quarter valued at about $38,000. Transamerica Financial Advisors Inc. acquired a new stake in AerCap during the third quarter worth about $64,000. Finally, Quantbot Technologies LP bought a new position in AerCap during the third quarter valued at about $66,000. Institutional investors and hedge funds own 96.42% of the company's stock.

AerCap Price Performance

NYSE:AER traded down $0.67 on Tuesday, reaching $102.96. The stock had a trading volume of 900,044 shares, compared to its average volume of 1,269,874. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The company has a market capitalization of $19.23 billion, a P/E ratio of 8.16, a price-to-earnings-growth ratio of 2.22 and a beta of 1.83. AerCap Holdings has a 1-year low of $81.93 and a 1-year high of $107.36. The stock has a fifty day moving average price of $99.07 and a 200-day moving average price of $96.81.

Remove Ads

AerCap (NYSE:AER - Get Free Report) last announced its earnings results on Wednesday, February 26th. The financial services provider reported $3.31 EPS for the quarter, topping the consensus estimate of $2.56 by $0.75. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.97 billion. Research analysts forecast that AerCap Holdings will post 11.29 EPS for the current year.

AerCap declared that its Board of Directors has authorized a share buyback program on Wednesday, February 26th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

AerCap Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.05%. This is a boost from AerCap's previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, March 12th. AerCap's payout ratio is currently 9.99%.

Wall Street Analysts Forecast Growth

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