AerCap Holdings (NYSE:AER) Stock Holdings Lifted by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in AerCap Holdings (NYSE:AER) by 62.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 455,471 shares of the financial services provider’s stock after purchasing an additional 175,668 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in AerCap were worth $43,589,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Toth Financial Advisory Corp bought a new position in shares of AerCap in the 4th quarter worth about $29,000. Truvestments Capital LLC bought a new position in shares of AerCap in the 3rd quarter worth about $35,000. Fortitude Family Office LLC bought a new position in shares of AerCap in the 4th quarter worth about $38,000. Transamerica Financial Advisors Inc. bought a new position in shares of AerCap in the 3rd quarter worth about $64,000. Finally, Quantbot Technologies LP bought a new position in shares of AerCap in the 3rd quarter worth about $66,000. 96.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AER has been the topic of a number of recent research reports. Barclays restated an “overweight” rating and issued a $115.00 price target (up from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Bank of America lifted their price objective on shares of AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Susquehanna lifted their price objective on shares of AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a research report on Thursday, February 27th. The Goldman Sachs Group reiterated a “buy” rating and issued a $119.00 price objective on shares of AerCap in a research report on Thursday, November 21st. Finally, UBS Group downgraded shares of AerCap to an “underperform” rating in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $117.43.

AerCap Stock Down 0.3 %

AerCap stock opened at $97.07 on Thursday. The stock 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. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The company’s 50-day moving average price is $97.91 and its two-hundred day moving average price is $96.35. AerCap Holdings has a 52 week low of $81.93 and a 52 week high of $107.36.

AerCap (NYSE:AER) last released its earnings results on Wednesday, February 26th. The financial services provider reported $3.31 EPS for the quarter, beating the consensus estimate of $2.56 by $0.75. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.97 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. On average, analysts expect that AerCap Holdings will post 11.29 EPS for the current fiscal year.

AerCap Increases Dividend

The business also recently announced 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 boost from AerCap’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, March 12th. This represents a $1.08 annualized dividend and a yield of 1.11%. AerCap’s dividend payout ratio (DPR) is presently 9.99%.

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

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.