PCJ Investment Counsel Ltd. Sells 23,510 Shares of AerCap Holdings (NYSE:AER)

PCJ Investment Counsel Ltd. lowered its stake in shares of AerCap Holdings (NYSE:AER - Free Report) by 43.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,450 shares of the financial services provider's stock after selling 23,510 shares during the quarter. AerCap comprises 1.0% of PCJ Investment Counsel Ltd.'s portfolio, making the stock its 29th largest holding. PCJ Investment Counsel Ltd.'s holdings in AerCap were worth $2,914,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in AER. Toth Financial Advisory Corp bought a new stake in AerCap during the fourth quarter worth approximately $29,000. Truvestments Capital LLC bought a new stake in AerCap during the third quarter worth approximately $35,000. Fortitude Family Office LLC bought a new stake in AerCap during the fourth quarter worth approximately $38,000. Transamerica Financial Advisors Inc. bought a new stake in AerCap during the third quarter worth approximately $64,000. Finally, Quantbot Technologies LP bought a new stake in AerCap during the third quarter worth approximately $66,000. Institutional investors own 96.42% of the company's stock.

AerCap Stock Performance

Shares of NYSE AER traded down $0.06 during trading hours on Wednesday, reaching $97.07. The stock had a trading volume of 2,038,053 shares, compared to its average volume of 1,291,252. The business's fifty day moving average is $97.91 and its two-hundred day moving average is $96.35. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $18.13 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 2.22 and a beta of 1.83. AerCap Holdings has a twelve month low of $81.69 and a twelve month high of $107.36.

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AerCap (NYSE:AER - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.75. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.97 billion. As a group, research analysts expect that AerCap Holdings will post 11.29 EPS for the current year.

AerCap Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.27 per share. This is a positive change from AerCap's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.11%. The ex-dividend date is Wednesday, March 12th. AerCap's dividend payout ratio is currently 9.99%.

AerCap declared that its board has initiated a stock repurchase program on Wednesday, February 26th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to repurchase up to 4.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

AER has been the subject of a number of recent analyst reports. Barclays reaffirmed an "overweight" rating and set a $115.00 target price (up previously from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Bank of America increased their price objective on AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, March 7th. The Goldman Sachs Group reissued a "buy" rating and issued a $119.00 price objective on shares of AerCap in a research report on Thursday, November 21st. Susquehanna increased their price objective on AerCap from $108.00 to $120.00 and gave the company a "positive" rating in a research report on Thursday, February 27th. Finally, UBS Group cut AerCap to an "underperform" rating in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, AerCap presently has a consensus rating of "Moderate Buy" and a consensus price target of $117.43.

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.