AerCap Holdings (NYSE:AER) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp trimmed its holdings in shares of AerCap Holdings (NYSE:AER - Free Report) by 6.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 271,020 shares of the financial services provider's stock after selling 18,977 shares during the period. Mackenzie Financial Corp owned approximately 0.14% of AerCap worth $25,937,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in AER. 59 North Capital Management LP increased its position in shares of AerCap by 17.0% during the fourth quarter. 59 North Capital Management LP now owns 3,704,914 shares of the financial services provider's stock valued at $354,560,000 after acquiring an additional 538,703 shares in the last quarter. Lyrical Asset Management LP increased its position in shares of AerCap by 1.3% during the fourth 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 in the last quarter. Cooke & Bieler LP increased its position in shares of AerCap by 3.0% during the fourth quarter. Cooke & Bieler LP now owns 2,934,185 shares of the financial services provider's stock valued at $280,802,000 after acquiring an additional 86,548 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of 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 acquiring an additional 485,999 shares in the last quarter. Finally, Ninety One UK Ltd increased its position in shares of AerCap by 7.0% during the fourth quarter. Ninety One UK Ltd now owns 2,550,350 shares of the financial services provider's stock valued at $244,068,000 after acquiring an additional 167,830 shares in the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AER has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on shares of AerCap from $101.00 to $111.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Bank of America boosted their price target on shares of AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Barclays reiterated an "overweight" rating and issued a $115.00 price target (up previously from $113.00) on shares of AerCap in a research note on Thursday, February 27th. JPMorgan Chase & Co. upped their target price 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. Finally, Susquehanna upped their price target on shares of AerCap from $120.00 to $130.00 and gave the company a "positive" rating in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, AerCap presently has a consensus rating of "Moderate Buy" and an average price target of $119.25.

AerCap Stock Up 1.1%

Shares of NYSE AER traded up $1.21 during midday trading on Thursday, reaching $114.77. 953,853 shares of the company's stock traded hands, compared to its average volume of 1,387,164. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The stock's 50 day simple moving average is $103.35 and its 200-day simple moving average is $99.58. AerCap Holdings has a one year low of $82.21 and a one year high of $115.17. The company has a market cap of $21.44 billion, a price-to-earnings ratio of 9.09, a P/E/G ratio of 2.22 and a beta of 1.41.

AerCap (NYSE:AER - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share (EPS) 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 firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the firm earned $3.29 earnings per share. The company's quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts predict that AerCap Holdings will post 11.29 EPS for the current fiscal year.

AerCap Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Wednesday, May 14th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, May 14th. This represents a $1.08 dividend on an annualized basis and a yield of 0.94%. AerCap's payout ratio is 9.58%.

AerCap announced that its board has approved a stock buyback plan on Wednesday, February 26th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to buy up to 4.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

AerCap Company 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.