State of New Jersey Common Pension Fund D Sells 37,241 Shares of AerCap Holdings (NYSE:AER)

State of New Jersey Common Pension Fund D reduced its position in shares of AerCap Holdings (NYSE:AER) by 31.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 80,259 shares of the financial services provider’s stock after selling 37,241 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in AerCap were worth $7,480,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of AerCap by 89.9% during the 2nd quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock valued at $25,000 after buying an additional 134 shares in the last quarter. Mather Group LLC. lifted its position in shares of AerCap by 230.1% during the 2nd quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock valued at $27,000 after buying an additional 214 shares in the last quarter. Trust Co. of Vermont purchased a new position in shares of AerCap during the 4th quarter valued at about $27,000. Assetmark Inc. purchased a new position in shares of AerCap during the 4th quarter valued at about $42,000. Finally, CVA Family Office LLC purchased a new position in shares of AerCap during the 1st quarter valued at about $52,000. 96.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AER shares. Barclays boosted their price target on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Susquehanna boosted their price target on AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a report on Friday, August 2nd. Morgan Stanley started coverage on AerCap in a report on Friday, June 7th. They issued an “equal weight” rating and a $103.00 price target on the stock. Finally, TD Cowen reissued a “buy” rating and issued a $125.00 price target on shares of AerCap in a report on Monday, July 29th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, AerCap has a consensus rating of “Moderate Buy” and a consensus target price of $102.38.

AerCap Stock Up 1.4 %

NYSE AER opened at $93.82 on Monday. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $18.57 billion, a P/E ratio of 6.10, a P/E/G ratio of 2.06 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 stock has a 50 day moving average price of $93.41 and a 200-day moving average price of $89.84.

AerCap (NYSE:AER) last posted its earnings results on Thursday, August 1st. The financial services provider reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.60. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.89 billion. AerCap had a return on equity of 15.12% and a net margin of 42.02%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.56 EPS. As a group, equities analysts predict that AerCap Holdings will post 11.33 EPS for the current fiscal year.

AerCap Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 14th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, August 14th. This represents a $1.00 annualized dividend and a yield of 1.07%. AerCap’s payout ratio is presently 6.51%.

AerCap Company 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.