AGF Management Ltd. Has $99.58 Million Holdings in AerCap Holdings (NYSE:AER)

AGF Management Ltd. boosted its holdings in AerCap Holdings (NYSE:AER) by 35.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,068,447 shares of the financial services provider’s stock after acquiring an additional 279,561 shares during the quarter. AGF Management Ltd. owned 0.54% of AerCap worth $99,579,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. raised its stake in AerCap by 89.9% during the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 134 shares in the last quarter. Mather Group LLC. increased 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 buying an additional 214 shares in the last quarter. Trust Co. of Vermont bought a new position in AerCap in the 4th quarter valued at $27,000. Assetmark Inc. acquired a new stake in shares of AerCap in the fourth quarter valued at $42,000. Finally, CVA Family Office LLC bought a new position in shares of AerCap in the first quarter valued at about $52,000. 96.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AER shares. TD Cowen restated a “buy” rating and issued a $125.00 price objective on shares of AerCap in a research report on Monday, July 29th. Morgan Stanley began coverage on shares of AerCap in a report on Friday, June 7th. They issued an “equal weight” rating and a $103.00 price target for the company. Barclays upped their price objective on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Susquehanna lifted their target price on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, AerCap presently has a consensus rating of “Moderate Buy” and an average target price of $102.38.

AerCap Stock Performance

Shares of AerCap stock opened at $90.19 on Wednesday. AerCap Holdings has a 52 week low of $57.30 and a 52 week high of $98.79. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market capitalization of $17.85 billion, a price-to-earnings ratio of 5.87, a PEG ratio of 2.03 and a beta of 1.83. The firm has a fifty day moving average of $93.47 and a two-hundred day moving average of $89.59.

AerCap (NYSE:AER) last released its earnings results on Thursday, August 1st. The financial services provider reported $3.01 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.60. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.89 billion. AerCap had a return on equity of 15.12% and a net margin of 42.02%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.56 earnings per share. As a group, equities research analysts predict that AerCap Holdings will post 11.33 EPS for the current year.

AerCap Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 14th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.11%. The ex-dividend date was Wednesday, August 14th. AerCap’s payout ratio is presently 6.51%.

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.