Mackenzie Financial Corp Sells 18,977 Shares of AerCap Holdings (NYSE:AER)

Mackenzie Financial Corp decreased its position in shares of AerCap Holdings (NYSE:AER - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 271,020 shares of the financial services provider's stock after selling 18,977 shares during the quarter. Mackenzie Financial Corp owned about 0.14% of AerCap worth $25,937,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of AER. University of Texas Texas AM Investment Management Co. acquired a new position in AerCap during the 4th quarter worth $1,079,000. Vise Technologies Inc. raised its position in shares of AerCap by 121.0% during the fourth quarter. Vise Technologies Inc. now owns 6,314 shares of the financial services provider's stock worth $604,000 after purchasing an additional 3,457 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in AerCap by 22.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,608,099 shares of the financial services provider's stock valued at $249,595,000 after buying an additional 485,999 shares in the last quarter. Woodline Partners LP boosted its stake in AerCap by 23.2% in the 4th quarter. Woodline Partners LP now owns 128,311 shares of the financial services provider's stock worth $12,279,000 after purchasing an additional 24,198 shares during the period. Finally, Zurich Insurance Group Ltd FI acquired a new stake in shares of AerCap in the fourth quarter worth $9,943,000. Institutional investors own 96.42% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on AER. JPMorgan Chase & Co. raised their price target on shares of AerCap from $112.00 to $114.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Susquehanna boosted their price objective on shares of AerCap from $120.00 to $130.00 and gave the stock a "positive" rating in a research note on Tuesday, May 13th. Barclays restated an "overweight" rating and set a $115.00 target price (up previously from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Bank of America raised their price target on shares of AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Finally, UBS Group cut AerCap to an "underperform" rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $119.25.

AerCap Price Performance

Shares of AerCap stock traded up $0.33 during mid-day trading on Friday, reaching $115.11. 263,006 shares of the stock were exchanged, compared to its average volume of 1,383,928. The company has a market cap of $21.50 billion, a price-to-earnings ratio of 9.12, a price-to-earnings-growth ratio of 2.22 and a beta of 1.41. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. AerCap Holdings has a fifty-two week low of $82.21 and a fifty-two week high of $115.30. The firm has a 50-day simple moving average of $103.58 and a 200 day simple moving average of $99.70.

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 for the quarter, beating analysts' consensus estimates of $2.69 by $0.99. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business posted $3.29 earnings per share. AerCap's revenue for the quarter was up 2.9% compared to the same quarter last year. On average, sell-side analysts predict that AerCap Holdings will post 11.29 EPS for the current fiscal year.

AerCap Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Wednesday, May 14th. AerCap's dividend payout ratio (DPR) is currently 9.58%.

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

AerCap Profile

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.