Mackenzie Financial Corp Buys 34,944 Shares of AerCap Holdings (NYSE:AER)

Mackenzie Financial Corp boosted its stake in AerCap Holdings (NYSE:AER) by 13.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 290,913 shares of the financial services provider’s stock after purchasing an additional 34,944 shares during the period. Mackenzie Financial Corp’s holdings in AerCap were worth $27,113,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AER. Blue Trust Inc. lifted its stake in shares of AerCap by 89.9% in the 2nd quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 134 shares during the last quarter. Trust Co. of Vermont acquired a new stake in shares of AerCap during the fourth quarter valued at about $27,000. Mather Group LLC. grew its holdings in shares of AerCap by 230.1% during the second quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 214 shares during the last quarter. Assetmark Inc. acquired a new position in shares of AerCap in the fourth quarter valued at approximately $42,000. Finally, CVA Family Office LLC bought a new position in AerCap in the 1st quarter valued at approximately $52,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

AerCap Price Performance

AER stock opened at $94.93 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 2.69. The company’s fifty day simple moving average is $93.50 and its 200 day simple moving average is $90.96. AerCap Holdings has a 12-month low of $57.30 and a 12-month high of $98.79. The firm has a market cap of $18.79 billion, a price-to-earnings ratio of 6.18, a PEG ratio of 2.16 and a beta of 1.83.

AerCap (NYSE:AER) last released its earnings results on Thursday, August 1st. The financial services provider reported $3.01 EPS for the quarter, topping the consensus estimate of $2.41 by $0.60. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.89 billion. AerCap had a return on equity of 15.12% and a net margin of 42.02%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.56 earnings per share. On average, analysts expect that AerCap Holdings will post 11.33 earnings per share for the current year.

AerCap Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. AerCap’s payout ratio is presently 6.51%.

Analysts Set New Price Targets

A number of research firms have weighed in on AER. Morgan Stanley began coverage on shares of AerCap in a report on Friday, June 7th. They set an “equal weight” rating and a $103.00 target price on the stock. Barclays boosted their price objective on shares of AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. TD Cowen reaffirmed a “buy” rating and set a $125.00 target price on shares of AerCap in a research report on Monday, July 29th. Finally, Susquehanna upped their price target on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.38.

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.