Mawer Investment Management Ltd. Acquires 1,179,241 Shares of Aercap Holdings N.V. $AER

Mawer Investment Management Ltd. grew its holdings in Aercap Holdings N.V. (NYSE:AER) by 56.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,272,935 shares of the financial services provider’s stock after buying an additional 1,179,241 shares during the quarter. Aercap makes up approximately 2.6% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 13th largest holding. Mawer Investment Management Ltd.’s holdings in Aercap were worth $470,517,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Integrated Wealth Concepts LLC increased its holdings in Aercap by 19.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,649 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 423 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Aercap by 282.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,659 shares of the financial services provider’s stock worth $680,000 after acquiring an additional 4,919 shares during the period. Geneos Wealth Management Inc. increased its holdings in Aercap by 26.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 94 shares during the period. Invesco Ltd. increased its holdings in Aercap by 43.3% during the 2nd quarter. Invesco Ltd. now owns 459,459 shares of the financial services provider’s stock worth $53,757,000 after acquiring an additional 138,843 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in Aercap by 59.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,143 shares of the financial services provider’s stock worth $134,000 after acquiring an additional 425 shares during the period. Institutional investors own 96.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AER shares. TD Cowen upped their target price on shares of Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. upped their target price on shares of Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft set a $175.00 target price on shares of Aercap and gave the stock a “buy” rating in a report on Tuesday, February 10th. Weiss Ratings lowered shares of Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, May 26th. Finally, Susquehanna boosted their price target on shares of Aercap from $165.00 to $170.00 and gave the stock a “positive” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Aercap currently has an average rating of “Buy” and an average price target of $163.13.

Aercap Price Performance

AER stock opened at $136.30 on Tuesday. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24. Aercap Holdings N.V. has a one year low of $105.65 and a one year high of $154.94. The stock has a market cap of $22.74 billion, a PE ratio of 5.97, a P/E/G ratio of 0.98 and a beta of 0.95. The firm has a 50 day simple moving average of $140.93 and a two-hundred day simple moving average of $141.68.

Aercap (NYSE:AER) last released its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $5.39 EPS for the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. The business had revenue of $2.30 billion during the quarter. On average, analysts predict that Aercap Holdings N.V. will post 17.23 EPS for the current fiscal year.

Aercap announced that its Board of Directors has initiated a share buyback plan on Wednesday, April 29th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Aercap Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Wednesday, May 13th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. Aercap’s dividend payout ratio is 7.01%.

Aercap Company Profile

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.