Mackenzie Financial Corp Purchases 34,944 Shares of AerCap Holdings (NYSE:AER)

Mackenzie Financial Corp grew its position in AerCap Holdings (NYSE:AER) by 13.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 290,913 shares of the financial services provider’s stock after acquiring an additional 34,944 shares during the period. Mackenzie Financial Corp owned about 0.15% of AerCap worth $27,113,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Inspire Advisors LLC increased its position in AerCap by 1.5% during the first quarter. Inspire Advisors LLC now owns 8,150 shares of the financial services provider’s stock worth $708,000 after buying an additional 124 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of AerCap by 1.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,919 shares of the financial services provider’s stock worth $645,000 after acquiring an additional 129 shares during the last quarter. Blue Trust Inc. raised its stake in AerCap by 89.9% in the 2nd quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 134 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in AerCap by 3.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 4,935 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 146 shares during the last quarter. Finally, Wealthstar Advisors LLC boosted its position in AerCap by 1.3% during the first quarter. Wealthstar Advisors LLC now owns 12,843 shares of the financial services provider’s stock worth $1,116,000 after purchasing an additional 160 shares during the period. 96.42% of the stock is currently owned by institutional investors and hedge funds.

AerCap Trading Up 0.5 %

Shares of AER stock opened at $94.93 on Friday. The stock has a market cap of $18.79 billion, a P/E ratio of 6.18, a price-to-earnings-growth ratio of 2.16 and a beta of 1.83. AerCap Holdings has a 1 year low of $57.30 and a 1 year high of $98.79. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 2.69. The stock has a 50 day simple moving average of $93.50 and a 200 day simple moving average of $90.96.

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 analysts’ consensus estimates of $2.41 by $0.60. AerCap had a return on equity of 15.12% and a net margin of 42.02%. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the company posted $2.56 EPS. The company’s revenue was up 1.8% compared to the same quarter last year. On average, research analysts predict that AerCap Holdings will post 11.33 earnings per share for the current fiscal 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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Wednesday, August 14th. AerCap’s dividend payout ratio is currently 6.51%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AER. Morgan Stanley initiated coverage on shares of AerCap in a research report on Friday, June 7th. They issued an “equal weight” rating and a $103.00 price objective on the stock. 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 upped their target price on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research report on Friday, August 2nd. Finally, Barclays lifted their price target on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $102.38.

About AerCap

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.