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AGF Management Ltd. Has $66.08 Million Stock Holdings in Aercap Holdings N.V. (NYSE:AER)

Aercap logo with Transportation background

Key Points

  • AGF Management Ltd. has reduced its stake in Aercap Holdings N.V. by 41.2%, now holding 646,726 shares worth approximately $66.08 million.
  • Analysts have upgraded Aercap's target price, with Morgan Stanley setting it at $120 and Barclays at $131, indicating a generally positive outlook for the stock.
  • Aercap recently announced a quarterly dividend of $0.27 per share, representing an annualized yield of 1.0%.
  • Want stock alerts on Aercap? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

AGF Management Ltd. trimmed its holdings in Aercap Holdings N.V. (NYSE:AER - Free Report) by 41.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 646,726 shares of the financial services provider's stock after selling 453,567 shares during the quarter. AGF Management Ltd. owned about 0.35% of Aercap worth $66,076,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of AER. Ameriflex Group Inc. acquired a new position in shares of Aercap in the fourth quarter worth $27,000. Mather Group LLC. grew its stake in shares of Aercap by 230.1% in the first quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock worth $31,000 after acquiring an additional 214 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Aercap by 42.2% in the first quarter. Blue Trust Inc. now owns 1,318 shares of the financial services provider's stock worth $135,000 after acquiring an additional 391 shares in the last quarter. Covestor Ltd grew its stake in shares of Aercap by 9.6% in the first quarter. Covestor Ltd now owns 1,422 shares of the financial services provider's stock worth $145,000 after acquiring an additional 125 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of Aercap by 473.2% in the first quarter. Bessemer Group Inc. now owns 1,473 shares of the financial services provider's stock worth $150,000 after acquiring an additional 1,216 shares in the last quarter. 96.42% of the stock is owned by hedge funds and other institutional investors.

Aercap Price Performance

AER traded down $0.11 during midday trading on Friday, hitting $112.63. The company had a trading volume of 708,901 shares, compared to its average volume of 1,469,389. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market capitalization of $21.04 billion, a PE ratio of 7.00, a P/E/G ratio of 2.28 and a beta of 1.44. Aercap Holdings N.V. has a twelve month low of $85.57 and a twelve month high of $118.07. The firm's 50-day simple moving average is $113.65 and its 200-day simple moving average is $106.45.

Aercap (NYSE:AER - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.08. The firm had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $2.03 billion. Aercap had a net margin of 36.93% and a return on equity of 13.13%. The company's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $3.01 EPS. Equities research analysts predict that Aercap Holdings N.V. will post 11.29 EPS for the current fiscal year.

Aercap Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Wednesday, August 13th will be issued a $0.27 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.0%. Aercap's dividend payout ratio (DPR) is 6.72%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AER shares. Susquehanna reiterated a "positive" rating and set a $134.00 target price (up previously from $130.00) on shares of Aercap in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Morgan Stanley lifted their price target on shares of Aercap from $111.00 to $120.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Finally, Barclays lifted their price target on shares of Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $122.57.

View Our Latest Research Report on Aercap

Aercap Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Aercap (NYSE:AER)

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