Teacher Retirement System of Texas Has $1.39 Million Position in AerCap Holdings (NYSE:AER)

Posted by Defense World Staff on Jun 8th, 2023

Teacher Retirement System of Texas reduced its holdings in shares of AerCap Holdings (NYSE:AER – Get Rating) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,749 shares of the financial services provider’s stock after selling 220 shares during the period. Teacher Retirement System of Texas’ holdings in AerCap were worth $1,385,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of AerCap by 90.7% during the 1st quarter. BlackRock Inc. now owns 5,767,535 shares of the financial services provider’s stock worth $289,992,000 after purchasing an additional 2,743,035 shares in the last quarter. State Street Corp boosted its position in shares of AerCap by 112.8% during the 1st quarter. State Street Corp now owns 2,155,846 shares of the financial services provider’s stock worth $108,396,000 after purchasing an additional 1,142,547 shares in the last quarter. Parsifal Capital Management LP boosted its position in shares of AerCap by 142.9% during the 3rd quarter. Parsifal Capital Management LP now owns 1,629,984 shares of the financial services provider’s stock worth $68,997,000 after purchasing an additional 958,884 shares in the last quarter. London Co. of Virginia boosted its position in shares of AerCap by 22.7% during the 3rd quarter. London Co. of Virginia now owns 4,165,558 shares of the financial services provider’s stock worth $176,328,000 after purchasing an additional 769,584 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of AerCap by 289.6% during the 1st quarter. Northern Trust Corp now owns 722,517 shares of the financial services provider’s stock worth $36,329,000 after purchasing an additional 537,079 shares in the last quarter. 98.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AER shares. Barclays increased their price objective on shares of AerCap from $77.00 to $78.00 in a research report on Wednesday, May 3rd. StockNews.com began coverage on shares of AerCap in a research report on Thursday, May 18th. They issued a “buy” rating on the stock. Susquehanna dropped their price target on shares of AerCap from $75.00 to $70.00 in a research report on Wednesday, May 3rd. Citigroup began coverage on shares of AerCap in a research report on Monday, May 15th. They issued a “buy” rating and a $71.00 price target on the stock. Finally, TheStreet raised shares of AerCap from a “c” rating to a “b-” rating in a research report on Tuesday, May 2nd. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, AerCap has an average rating of “Buy” and an average target price of $73.40.

AerCap Price Performance

Shares of NYSE AER opened at $59.79 on Thursday. AerCap Holdings has a fifty-two week low of $37.20 and a fifty-two week high of $66.85. The firm’s 50-day simple moving average is $56.43 and its 200 day simple moving average is $58.50. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market cap of $14.20 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 1.06 and a beta of 1.99.

AerCap (NYSE:AER – Get Rating) last issued its quarterly earnings results on Tuesday, May 2nd. The financial services provider reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.34. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion. AerCap had a return on equity of 14.03% and a net margin of 24.08%. AerCap’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the business posted $2.23 earnings per share. As a group, research analysts anticipate that AerCap Holdings will post 8.72 earnings per share for the current fiscal year.

AerCap Profile

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AerCap Holdings NV engages in the leasing, financing, sales, and management of commercial flight equipment. The company was founded in 1995 and is headquartered in Dublin, Ireland.

Teacher Retirement System of Texas Has $1.39 Million Position in AerCap Holdings (NYSE:AER)

Analyst Ratings Changes

AerCap Price Performance

AerCap Profile

Further Reading

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