AerCap Holdings N.V. $AER Stock: Illinois Municipal Retirement Fund Reduces Holdings

Illinois Municipal Retirement Fund lowered its stake in AerCap Holdings N.V. (NYSE:AER) by 10.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 63,527 shares of the financial services provider’s stock after selling 7,214 shares during the period. Illinois Municipal Retirement Fund’s holdings in AerCap were worth $9,117,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Groupe la Francaise increased its position in shares of AerCap by 221.4% during the first quarter. Groupe la Francaise now owns 180 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 124 shares in the last quarter. Livelsberger Financial Advisory acquired a new stake in shares of AerCap in the 3rd quarter valued at about $27,000. Signature Equity Partners LLC raised its stake in shares of AerCap by 68.0% in the 3rd quarter. Signature Equity Partners LLC now owns 210 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 85 shares during the period. Trust Co. of Vermont acquired a new stake in shares of AerCap in the 2nd quarter valued at about $38,000. Finally, Mather Group LLC. lifted its holdings in shares of AerCap by 75.0% in the third quarter. Mather Group LLC. now owns 392 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 168 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Citigroup upped their price objective on AerCap from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Weiss Ratings raised AerCap from a “buy (a-)” rating to a “buy (a)” rating in a research report on Friday, October 30th. JPMorgan Chase & Co. upped their price target on AerCap from $183.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, October 29th. Morgan Stanley raised their price target on shares of AerCap from $165.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 29th. Finally, Zacks Research upgraded shares of AerCap from a “hold” rating to a “strong-buy” rating in a report on Monday, November 2nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $185.88.

AerCap Stock Down 0.7%

NYSE:AER opened at $175.78 on Friday. The firm has a market capitalization of $29.33 billion, a price-to-earnings ratio of 8.41, a price-to-earnings-growth ratio of 0.60 and a beta of 0.99. AerCap Holdings N.V. has a twelve month low of $129.85 and a twelve month high of $178.48. The stock’s 50 day moving average price is $149.93 and its two-hundred day moving average price is $145.81. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 2.32.

AerCap (NYSE:AER) last announced its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $6.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.56 by $2.00. The company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.15 billion. AerCap had a return on equity of 18.26% and a net margin of 34.47%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.97 EPS. Equities research analysts expect that AerCap Holdings N.V. will post 22.30 earnings per share for the current fiscal year.

AerCap Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Wednesday, November 11th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, November 10th. AerCap’s dividend payout ratio is 8.20%.

About AerCap

AerCap Holdings N.V. is a global aviation leasing company headquartered in Dublin, Ireland, and listed on the New York Stock Exchange under the symbol AER. Through its subsidiaries, AerCap owns, manages and leases commercial aircraft, engines and helicopters to airlines and other aviation customers worldwide. The company provides operating leases, finance leases, aircraft trading and asset management services. Its fleet portfolio includes aircraft from major manufacturers such as Airbus and Boeing, as well as engines and helicopters.