AerCap Holdings (NYSE:AER) Position Increased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its position in AerCap Holdings (NYSE:AER) by 23.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 114,700 shares of the financial services provider’s stock after purchasing an additional 22,100 shares during the period. State of New Jersey Common Pension Fund D’s holdings in AerCap were worth $8,525,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its stake in AerCap by 3.3% in the 4th quarter. Signaturefd LLC now owns 4,338 shares of the financial services provider’s stock worth $322,000 after purchasing an additional 137 shares during the period. DGS Capital Management LLC lifted its position in AerCap by 2.2% in the 4th quarter. DGS Capital Management LLC now owns 7,236 shares of the financial services provider’s stock worth $538,000 after buying an additional 155 shares in the last quarter. Gotham Asset Management LLC lifted its position in AerCap by 3.3% in the 3rd quarter. Gotham Asset Management LLC now owns 5,538 shares of the financial services provider’s stock worth $347,000 after buying an additional 175 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in AerCap by 4.7% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 4,123 shares of the financial services provider’s stock worth $306,000 after buying an additional 185 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in AerCap by 4.5% in the 4th quarter. UMB Bank n.a. now owns 4,697 shares of the financial services provider’s stock worth $349,000 after buying an additional 203 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

AerCap Stock Performance

NYSE AER traded up $0.29 during midday trading on Friday, hitting $85.47. The company had a trading volume of 1,510,828 shares, compared to its average volume of 1,558,813. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 2.80. The stock has a market cap of $16.92 billion, a price-to-earnings ratio of 6.05, a P/E/G ratio of 2.71 and a beta of 1.85. The firm has a fifty day simple moving average of $82.96 and a two-hundred day simple moving average of $74.47. AerCap Holdings has a fifty-two week low of $53.42 and a fifty-two week high of $88.44.

AerCap (NYSE:AER) last posted its quarterly earnings results on Friday, February 23rd. The financial services provider reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.67. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. AerCap had a net margin of 41.37% and a return on equity of 14.92%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the business posted $2.66 EPS. Equities analysts forecast that AerCap Holdings will post 9.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AER has been the topic of a number of recent research reports. BMO Capital Markets cut their price target on shares of AerCap from $103.00 to $101.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. TD Cowen restated a “buy” rating and set a $85.00 price target on shares of AerCap in a report on Tuesday, February 27th. Susquehanna raised their price target on shares of AerCap from $80.00 to $90.00 and gave the company a “positive” rating in a report on Monday, February 26th. Finally, Barclays raised their price target on shares of AerCap from $84.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, February 26th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $87.71.

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.