Connor Clark & Lunn Investment Management Ltd. Acquires 112,084 Shares of AerCap Holdings (NYSE:AER)

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of AerCap Holdings (NYSE:AER - Free Report) by 66.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 279,803 shares of the financial services provider's stock after buying an additional 112,084 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.14% of AerCap worth $26,503,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. lifted its position in AerCap by 176.2% during the third quarter. Assenagon Asset Management S.A. now owns 753,267 shares of the financial services provider's stock worth $71,349,000 after purchasing an additional 480,551 shares during the period. Point72 Asset Management L.P. raised its position in shares of AerCap by 182.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 663,587 shares of the financial services provider's stock valued at $61,846,000 after buying an additional 428,487 shares in the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of AerCap by 3,568.6% during the 3rd quarter. Wedge Capital Management L L P NC now owns 427,756 shares of the financial services provider's stock worth $40,517,000 after acquiring an additional 416,096 shares during the period. Davidson Kempner Capital Management LP bought a new position in AerCap in the second quarter valued at approximately $31,688,000. Finally, Kinetic Partners Management LP acquired a new position in AerCap during the first quarter valued at approximately $26,151,000. Institutional investors own 96.42% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AER shares. TD Cowen reaffirmed a "buy" rating and issued a $125.00 target price on shares of AerCap in a report on Monday, July 29th. Susquehanna raised their price objective on AerCap from $100.00 to $108.00 and gave the company a "positive" rating in a research note on Friday, August 2nd. Barclays lifted their target price on AerCap from $111.00 to $113.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. The Goldman Sachs Group restated a "buy" rating and issued a $119.00 price target on shares of AerCap in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of AerCap from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, AerCap currently has an average rating of "Moderate Buy" and an average price target of $112.00.

AerCap Stock Up 1.2 %

NYSE:AER traded up $1.15 during trading hours on Thursday, hitting $96.40. 68,100 shares of the company traded hands, compared to its average volume of 1,431,008. AerCap Holdings has a one year low of $66.34 and a one year high of $99.68. The company has a market cap of $19.08 billion, a PE ratio of 7.55, a PEG ratio of 2.16 and a beta of 1.83. The firm's 50-day simple moving average is $95.44 and its 200-day simple moving average is $93.63. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89.

AerCap (NYSE:AER - Get Free Report) last released its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, hitting analysts' consensus estimates of $2.41. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The company had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.92 billion. During the same period in the previous year, the business posted $2.81 EPS. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. Equities analysts predict that AerCap Holdings will post 11.26 earnings per share for the current year.

AerCap Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 13th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.04%. The ex-dividend date is Wednesday, November 13th. AerCap's dividend payout ratio is 7.92%.

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.