TD Asset Management Inc Has $6.90 Million Stock Holdings in Aercap Holdings N.V. (NYSE:AER)

Key Points

• TD Asset Management Inc increased its stake in Aercap Holdings N.V. by 16.3% in Q1, owning 67,483 shares valued at approximately $6.9 million.
• Analysts have raised their price targets for Aercap's stock, with Morgan Stanley setting a new target at $120, while Barclays increased theirs to $131.
• Aercap recently announced a quarterly dividend of $0.27 per share, reflecting an annualized dividend of $1.08 and a yield of 1.0%.

TD Asset Management Inc increased its holdings in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 16.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 67,483 shares of the financial services provider's stock after buying an additional 9,455 shares during the quarter. TD Asset Management Inc's holdings in Aercap were worth $6,895,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AER. Ameriflex Group Inc. bought a new position in Aercap during the 4th quarter worth about $27,000. Mather Group LLC. boosted its position in shares of Aercap by 230.1% during the first quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock worth $31,000 after buying an additional 214 shares during the period. Pinpoint Asset Management Ltd acquired a new position in shares of Aercap during the fourth quarter worth about $35,000. Blue Trust Inc. boosted its holdings in Aercap by 42.2% during the first quarter. Blue Trust Inc. now owns 1,318 shares of the financial services provider's stock worth $135,000 after purchasing an additional 391 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in Aercap by 473.2% during the 1st quarter. Bessemer Group Inc. now owns 1,473 shares of the financial services provider's stock worth $150,000 after buying an additional 1,216 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors.

Aercap Stock Performance

AER stock traded up $1.23 during midday trading on Friday, reaching $108.48. 1,952,532 shares of the company were exchanged, compared to its average volume of 1,224,810. The firm has a market capitalization of $20.26 billion, a price-to-earnings ratio of 6.75, a price-to-earnings-growth ratio of 2.43 and a beta of 1.44. The business has a 50-day moving average price of $114.37 and a two-hundred day moving average price of $105.58. Aercap Holdings N.V. has a one year low of $82.21 and a one year high of $118.07. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.44 and a quick ratio of 0.21.

Aercap (NYSE:AER - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $2.83 EPS for the quarter, beating analysts' consensus estimates of $2.75 by $0.08. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.03 billion. Aercap had a net margin of 36.93% and a return on equity of 13.13%. Aercap's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.01 EPS. Equities research analysts forecast that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Susquehanna raised their price objective on Aercap from $120.00 to $130.00 and gave the company a "positive" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. boosted their price target on Aercap from $112.00 to $114.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Morgan Stanley increased their price objective on 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 objective on shares of Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $122.00.

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.