CIBC Asset Management Inc Increases Stake in AerCap Holdings (NYSE:AER)

CIBC Asset Management Inc grew its stake in shares of AerCap Holdings (NYSE:AERFree Report) by 20.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,577 shares of the financial services provider’s stock after purchasing an additional 3,194 shares during the quarter. CIBC Asset Management Inc’s holdings in AerCap were worth $1,381,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. D.A. Davidson & CO. grew its holdings in AerCap by 7.8% in the 3rd quarter. D.A. Davidson & CO. now owns 4,977 shares of the financial services provider’s stock worth $312,000 after acquiring an additional 361 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in AerCap by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 195,113 shares of the financial services provider’s stock valued at $12,228,000 after purchasing an additional 3,732 shares during the last quarter. Pathstone Family Office LLC raised its position in AerCap by 67.4% during the 3rd quarter. Pathstone Family Office LLC now owns 13,258 shares of the financial services provider’s stock valued at $831,000 after purchasing an additional 5,339 shares during the last quarter. HighTower Advisors LLC lifted its holdings in AerCap by 35.1% in the 3rd quarter. HighTower Advisors LLC now owns 8,945 shares of the financial services provider’s stock worth $559,000 after buying an additional 2,325 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in shares of AerCap by 28.2% in the 3rd quarter. Canada Pension Plan Investment Board now owns 146,191 shares of the financial services provider’s stock worth $9,162,000 after buying an additional 32,200 shares during the last quarter. Institutional investors own 96.42% of the company’s stock.

AerCap Price Performance

AER opened at $90.39 on Friday. AerCap Holdings has a 1 year low of $57.30 and a 1 year high of $94.30. The stock has a 50-day moving average price of $88.20 and a 200-day moving average price of $80.50. The firm has a market cap of $17.89 billion, a PE ratio of 5.88, a P/E/G ratio of 4.06 and a beta of 1.85. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.26 and a quick ratio of 0.26.

AerCap (NYSE:AERGet Free Report) last issued its earnings results on Wednesday, May 8th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.98. AerCap had a net margin of 42.78% and a return on equity of 15.29%. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the previous year, the company earned $2.34 earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Sell-side analysts predict that AerCap Holdings will post 10.26 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, June 13th. Shareholders of record on Wednesday, May 22nd will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, May 21st. This represents a $1.00 annualized dividend and a yield of 1.11%. AerCap’s dividend payout ratio is 6.51%.

Wall Street Analyst Weigh In

A number of analysts recently commented on AER shares. Susquehanna raised their price target on AerCap from $90.00 to $100.00 and gave the stock a “positive” rating in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of AerCap from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Barclays lifted their price objective on AerCap from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. TD Cowen raised their target price on AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, BMO Capital Markets reduced their price target on AerCap from $103.00 to $101.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $97.56.

Check Out Our Latest Analysis on AER

About AerCap

(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.

Further Reading

Institutional Ownership by Quarter for AerCap (NYSE:AER)

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