AGF Management Ltd. Acquires 279,561 Shares of AerCap Holdings (NYSE:AER)

AGF Management Ltd. increased its holdings in shares of AerCap Holdings (NYSE:AER) by 35.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,068,447 shares of the financial services provider’s stock after purchasing an additional 279,561 shares during the period. AGF Management Ltd.’s holdings in AerCap were worth $99,579,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank acquired a new position in AerCap in the 4th quarter worth $145,951,000. Artisan Partners Limited Partnership bought a new position in shares of AerCap during the fourth quarter worth about $137,412,000. TOMS Capital Investment Management LP acquired a new stake in AerCap in the 4th quarter valued at approximately $133,330,000. Franklin Resources Inc. lifted its stake in AerCap by 32.0% in the 4th quarter. Franklin Resources Inc. now owns 6,090,321 shares of the financial services provider’s stock valued at $452,633,000 after acquiring an additional 1,476,236 shares in the last quarter. Finally, Castle Hook Partners LP bought a new stake in AerCap in the 1st quarter valued at approximately $94,062,000. 96.42% of the stock is currently owned by institutional investors and hedge funds.

AerCap Stock Down 1.2 %

Shares of AER stock opened at $90.19 on Wednesday. AerCap Holdings has a 52-week low of $57.30 and a 52-week high of $98.79. The stock has a market cap of $17.85 billion, a price-to-earnings ratio of 5.87, a PEG ratio of 2.03 and a beta of 1.83. The firm’s 50-day moving average is $93.47 and its 200-day moving average is $89.59. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.29 and a current ratio of 0.29.

AerCap (NYSE:AER) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.60. AerCap had a return on equity of 15.12% and a net margin of 42.02%. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the firm posted $2.56 earnings per share. The business’s revenue was up 1.8% on a year-over-year basis. Sell-side analysts predict that AerCap Holdings will post 11.33 EPS for the current year.

AerCap Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.11%. AerCap’s dividend payout ratio (DPR) is 6.51%.

Analyst Ratings Changes

AER has been the topic of a number of recent research reports. TD Cowen reiterated a “buy” rating and issued a $125.00 price objective on shares of AerCap in a report on Monday, July 29th. Susquehanna boosted their price target on shares of AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research report on Friday, August 2nd. Barclays raised their price objective on AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Morgan Stanley assumed coverage on AerCap in a research report on Friday, June 7th. They issued an “equal weight” rating and a $103.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $102.38.

About AerCap

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.