Teacher Retirement System of Texas lifted its position in AerCap Holdings (NYSE:AER – Get Rating) by 0.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,969 shares of the financial services provider's stock after purchasing an additional 210 shares during the period. Teacher Retirement System of Texas' holdings in AerCap were worth $1,015,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of AER. The Manufacturers Life Insurance Company lifted its holdings in AerCap by 7.3% during the third quarter. The Manufacturers Life Insurance Company now owns 52,700 shares of the financial services provider's stock worth $2,231,000 after buying an additional 3,600 shares during the period. Barclays PLC lifted its holdings in AerCap by 26.3% during the third quarter. Barclays PLC now owns 71,092 shares of the financial services provider's stock worth $3,009,000 after buying an additional 14,815 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in AerCap by 17.3% during the third quarter. Rockefeller Capital Management L.P. now owns 4,896 shares of the financial services provider's stock worth $206,000 after buying an additional 721 shares during the period. Daiwa Securities Group Inc. lifted its holdings in AerCap by 0.7% during the third quarter. Daiwa Securities Group Inc. now owns 96,478 shares of the financial services provider's stock worth $4,084,000 after buying an additional 685 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its holdings in AerCap by 8.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 43,574 shares of the financial services provider's stock worth $1,860,000 after buying an additional 3,400 shares during the period. Hedge funds and other institutional investors own 98.17% of the company's stock.
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AerCap Price Performance
NYSE AER opened at $64.62 on Thursday. The company has a debt-to-equity ratio of 3.03, a current ratio of 0.28 and a quick ratio of 0.28. The stock's fifty day moving average price is $60.35 and its 200 day moving average price is $52.51. AerCap Holdings has a 1 year low of $37.20 and a 1 year high of $68.57. The company has a market cap of $15.86 billion, a price-to-earnings ratio of -13.78, a PEG ratio of 0.78 and a beta of 2.00.
AerCap (NYSE:AER – Get Rating) last posted its quarterly earnings results on Thursday, November 3rd. The financial services provider reported $2.21 EPS for the quarter, beating the consensus estimate of $1.39 by $0.82. AerCap had a negative net
margin of 17.08% and a positive return on equity of 11.28%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the company earned $4.04 earnings per share. The firm's revenue was up 18.6% on a year-over-year basis. As a group, equities research analysts forecast that AerCap Holdings will post 8.29 earnings per share for the current year.
Analysts Set New Price Targets
A number of analysts have weighed in on the company. StockNews.com assumed coverage on AerCap in a report on Wednesday, October 12th. They set a "hold" rating for the company. Barclays upped their price target on AerCap from $66.00 to $77.00 in a research report on Friday, January 6th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $70.57.
AerCap Profile
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AerCap Holdings NV engages in the leasing, financing, sales, and management of commercial flight equipment. It also provides aircraft owners, financiers and investors with asset services to manage an aircraft portfolio. The company was founded in 1995 and is headquartered in Dublin, Ireland.
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