Mackenzie Financial Corp Boosts Stock Holdings in AerCap Holdings (NYSE:AER)

Mackenzie Financial Corp raised its holdings in shares of AerCap Holdings (NYSE:AER) by 42.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,111 shares of the financial services provider’s stock after buying an additional 7,466 shares during the period. Mackenzie Financial Corp’s holdings in AerCap were worth $1,866,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Bison Wealth LLC boosted its position in AerCap by 4.0% during the fourth quarter. Bison Wealth LLC now owns 21,827 shares of the financial services provider’s stock valued at $1,622,000 after buying an additional 833 shares during the period. Beverly Hills Private Wealth LLC purchased a new stake in AerCap during the fourth quarter valued at about $246,000. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of AerCap by 14.5% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 436,832 shares of the financial services provider’s stock valued at $32,465,000 after acquiring an additional 55,322 shares during the last quarter. Sapient Capital LLC bought a new position in shares of AerCap during the fourth quarter valued at about $554,000. Finally, Cerity Partners LLC bought a new position in shares of AerCap during the fourth quarter valued at about $3,828,000. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AER shares. BMO Capital Markets lowered their price objective on shares of AerCap from $103.00 to $101.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. TD Cowen reaffirmed a “buy” rating and set a $85.00 price objective on shares of AerCap in a research note on Tuesday, February 27th. Barclays upped their price objective on shares of AerCap from $84.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, February 26th. Finally, Susquehanna upped their price objective on shares of AerCap from $80.00 to $90.00 and gave the company a “positive” rating in a research note on Monday, February 26th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, AerCap has a consensus rating of “Buy” and a consensus target price of $87.71.

AerCap Price Performance

AER stock opened at $86.13 on Wednesday. AerCap Holdings has a 1 year low of $53.42 and a 1 year high of $88.44. The company has a market cap of $17.05 billion, a P/E ratio of 6.09, a PEG ratio of 2.65 and a beta of 1.85. The firm has a 50-day moving average of $82.49 and a 200 day moving average of $74.14. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.33 and a quick ratio of 0.33.

AerCap (NYSE:AER) last released its quarterly earnings results on Friday, February 23rd. The financial services provider reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.67. AerCap had a net margin of 41.37% and a return on equity of 14.92%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the firm earned $2.66 earnings per share. AerCap’s revenue was up 3.8% on a year-over-year basis. On average, sell-side analysts forecast that AerCap Holdings will post 9.88 EPS for the current year.

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.