PCJ Investment Counsel Ltd. raised its position in AerCap Holdings (NYSE:AER - Free Report) by 169.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,960 shares of the financial services provider's stock after purchasing an additional 33,950 shares during the quarter. AerCap accounts for approximately 1.6% of PCJ Investment Counsel Ltd.'s holdings, making the stock its 18th biggest holding. PCJ Investment Counsel Ltd.'s holdings in AerCap were worth $5,111,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. Janus Henderson Group PLC boosted its position in AerCap by 31.1% during the first quarter. Janus Henderson Group PLC now owns 142,539 shares of the financial services provider's stock worth $12,382,000 after acquiring an additional 33,852 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of AerCap by 2.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,077 shares of the financial services provider's stock valued at $1,807,000 after acquiring an additional 451 shares during the period. O Shaughnessy Asset Management LLC purchased a new stake in shares of AerCap during the first quarter worth approximately $714,000. Swedbank AB raised its stake in shares of AerCap by 12.8% during the second quarter. Swedbank AB now owns 96,244 shares of the financial services provider's stock worth $8,970,000 after purchasing an additional 10,933 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in AerCap by 51.7% in the first quarter. Canada Pension Plan Investment Board now owns 281,013 shares of the financial services provider's stock worth $24,423,000 after acquiring an additional 95,823 shares in the last quarter. 96.42% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
AER has been the topic of a number of analyst reports. Barclays increased their price objective on AerCap from $111.00 to $113.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. TD Cowen restated a "buy" rating and set a $125.00 price objective on shares of AerCap in a research report on Monday, July 29th. Susquehanna boosted their price objective on AerCap from $100.00 to $108.00 and gave the stock a "positive" rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on AerCap from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $110.83.
Check Out Our Latest Stock Analysis on AER
AerCap Trading Down 0.6 %
Shares of AER traded down $0.59 during mid-day trading on Wednesday, reaching $95.14. 356,339 shares of the company were exchanged, compared to its average volume of 1,433,988. The stock has a market capitalization of $18.83 billion, a PE ratio of 7.56, a PEG ratio of 2.15 and a beta of 1.83. The business has a 50 day simple moving average of $95.37 and a two-hundred day simple moving average of $93.62. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. AerCap Holdings has a 52 week low of $66.34 and a 52 week high of $99.68.
AerCap (NYSE:AER - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, meeting the consensus estimate of $2.41. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.92 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The business's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $2.81 EPS. On average, analysts predict that AerCap Holdings will post 11.26 earnings per share for the current fiscal year.
AerCap Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Wednesday, November 13th. AerCap's dividend payout ratio (DPR) is 7.92%.
AerCap Company Profile
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Free Report)
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.
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