AerCap Holdings N.V. $AER Stake Reduced by Mawer Investment Management Ltd.

Key Points

• Mawer Investment Management cut its AerCap stake by 4.8% in the third quarter, selling 115,913 shares; it still held 2.30 million shares worth about $330.7 million.
• AerCap reported quarterly EPS of $6.56, beating the $4.56 consensus, while revenue of $2.42 billion also topped estimates and rose 4.6% year over year.
• Analyst sentiment was broadly positive: AerCap had a consensus “Buy” rating and an average price target of $185.88. The company also declared a quarterly dividend of $0.40 per share.

Mawer Investment Management Ltd. reduced its holdings in AerCap Holdings N.V. (NYSE:AER - Free Report) by 4.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,304,325 shares of the financial services provider's stock after selling 115,913 shares during the quarter. AerCap accounts for about 2.4% of Mawer Investment Management Ltd.'s investment portfolio, making the stock its 11th largest position. Mawer Investment Management Ltd. owned 1.38% of AerCap worth $330,717,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Donald Smith & CO. Inc. purchased a new stake in shares of AerCap in the 2nd quarter valued at about $424,585,000. Ninety One UK Ltd increased its position in shares of AerCap by 12.0% in the third quarter. Ninety One UK Ltd now owns 2,275,507 shares of the financial services provider's stock worth $326,581,000 after purchasing an additional 243,488 shares during the last quarter. SEB Asset Management AB bought a new position in shares of AerCap in the first quarter worth approximately $21,373,000. Sei Investments Co. raised its stake in AerCap by 23.2% in the first quarter. Sei Investments Co. now owns 769,611 shares of the financial services provider's stock valued at $105,575,000 after purchasing an additional 144,857 shares in the last quarter. Finally, Swiss National Bank raised its stake in AerCap by 20.4% in the first quarter. Swiss National Bank now owns 579,800 shares of the financial services provider's stock valued at $79,537,000 after purchasing an additional 98,200 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AER has been the subject of several research analyst reports. Barclays lifted their target price on shares of AerCap from $179.00 to $181.00 and gave the company an "overweight" rating in a research report on Thursday, October 29th. JPMorgan Chase & Co. increased their price target on shares of AerCap from $183.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, October 29th. Zacks Research upgraded shares of AerCap from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 2nd. Truist Financial lifted their price objective on shares of AerCap from $180.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, October 29th. Finally, Deutsche Bank reiterated a "buy" rating and issued a $190.00 target price on shares of AerCap in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, AerCap presently has an average rating of "Buy" and a consensus target price of $185.88.

AerCap Price Performance

Shares of NYSE AER traded down $0.45 during trading hours on Friday, reaching $175.54. 978,790 shares of the stock traded hands, compared to its average volume of 1,347,594. The company has a market capitalization of $29.29 billion, a P/E ratio of 9.00, a price-to-earnings-growth ratio of 0.60 and a beta of 0.99. 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 Holdings N.V. has a 52-week low of $129.85 and a 52-week high of $183.22. The company's 50-day simple moving average is $150.51 and its two-hundred day simple moving average is $145.97.

AerCap (NYSE:AER - Get Free Report) last released its earnings results on Wednesday, October 28th. The financial services provider reported $6.56 earnings per share for the quarter, topping analysts' consensus estimates of $4.56 by $2.00. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.15 billion. AerCap had a return on equity of 18.26% and a net margin of 34.47%. AerCap's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.97 EPS. Equities research analysts forecast that AerCap Holdings N.V. will post 22.30 EPS for the current year.

AerCap Announces Dividend

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

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