AerCap Holdings (NYSE:AER) Shares Purchased by Investment Management Corp of Ontario

Investment Management Corp of Ontario boosted its holdings in shares of AerCap Holdings (NYSE:AER - Free Report) by 25.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,280 shares of the financial services provider's stock after buying an additional 4,681 shares during the quarter. Investment Management Corp of Ontario's holdings in AerCap were worth $2,228,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AER. Bank of New York Mellon Corp grew its holdings in shares of AerCap by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 446,303 shares of the financial services provider's stock valued at $42,711,000 after buying an additional 4,222 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of AerCap by 11.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 18,664 shares of the financial services provider's stock worth $1,786,000 after acquiring an additional 1,900 shares in the last quarter. Barclays PLC grew its stake in AerCap by 95.5% in the 3rd quarter. Barclays PLC now owns 91,707 shares of the financial services provider's stock valued at $8,687,000 after acquiring an additional 44,797 shares during the period. Lyrical Asset Management LP grew its stake in AerCap by 1.3% in the 4th quarter. Lyrical Asset Management LP now owns 3,097,840 shares of the financial services provider's stock valued at $296,463,000 after acquiring an additional 38,264 shares during the period. Finally, Transform Wealth LLC raised its position in shares of AerCap by 13.0% during the 4th quarter. Transform Wealth LLC now owns 127,208 shares of the financial services provider's stock worth $12,174,000 after purchasing an additional 14,619 shares during the last quarter. 96.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AER has been the subject of several research analyst reports. Barclays restated an "overweight" rating and set a $115.00 price target (up previously from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Morgan Stanley lifted their target price on shares of AerCap from $101.00 to $111.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. raised their price target on shares of AerCap from $112.00 to $114.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. UBS Group lowered shares of AerCap to an "underperform" rating in a report on Friday, March 7th. Finally, Susquehanna lifted their price objective on shares of AerCap from $120.00 to $130.00 and gave the stock a "positive" rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $119.25.

AerCap Stock Performance

NYSE AER traded up $0.97 during trading on Thursday, reaching $113.69. The company's stock had a trading volume of 1,289,057 shares, compared to its average volume of 1,391,454. AerCap Holdings has a twelve month low of $82.21 and a twelve month high of $121.26. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The business's fifty day moving average price is $100.87 and its 200-day moving average price is $98.38. The firm has a market cap of $21.24 billion, a price-to-earnings ratio of 9.01, a P/E/G ratio of 2.22 and a beta of 1.41.

AerCap (NYSE:AER - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.69 by $0.99. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.01 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The business's revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $3.29 earnings per share. As a group, analysts anticipate that AerCap Holdings will post 11.29 EPS for the current fiscal year.

AerCap announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 26th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 4.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

AerCap Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Wednesday, May 14th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Wednesday, May 14th. AerCap's dividend payout ratio is currently 9.58%.

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.