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

Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of AerCap Holdings (NYSE:AER) by 62.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund 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. owned 0.23% of AerCap worth $43,589,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Toth Financial Advisory Corp acquired a new position in AerCap during the fourth quarter worth approximately $29,000. Truvestments Capital LLC acquired a new stake in shares of AerCap in the third quarter worth $35,000. Fortitude Family Office LLC acquired a new stake in shares of AerCap in the fourth quarter worth $38,000. Transamerica Financial Advisors Inc. acquired a new stake in shares of AerCap in the third quarter worth $64,000. Finally, Quantbot Technologies LP acquired a new stake in shares of AerCap in the third quarter worth $66,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

AerCap Price Performance

AER opened at $97.07 on Thursday. The company has a fifty day simple moving average of $97.91 and a 200 day simple moving average of $96.35. The firm 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. AerCap Holdings has a twelve month low of $81.93 and a twelve month high of $107.36. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89.

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

AerCap declared that its board has approved a share buyback plan on Wednesday, February 26th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 4.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

AerCap Increases Dividend

The business also recently disclosed 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 represents a $1.08 dividend on an annualized basis and a yield of 1.11%. This is an increase from AerCap’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, March 12th. AerCap’s dividend payout ratio is 9.99%.

Analyst Upgrades and Downgrades

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

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.