Bank of Montreal Can Acquires 268,100 Shares of AerCap Holdings (NYSE:AER)

Bank of Montreal Can increased its holdings in shares of AerCap Holdings (NYSE:AER) by 137.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 462,587 shares of the financial services provider’s stock after acquiring an additional 268,100 shares during the quarter. Bank of Montreal Can’s holdings in AerCap were worth $43,913,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Donald Smith & CO. Inc. increased its position in AerCap by 0.7% during the third quarter. Donald Smith & CO. Inc. now owns 3,525,307 shares of the financial services provider’s stock worth $333,917,000 after acquiring an additional 23,994 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in AerCap by 12.6% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,860,757 shares of the financial services provider’s stock worth $173,423,000 after acquiring an additional 208,407 shares during the period. AGF Management Ltd. increased its position in AerCap by 35.4% during the second quarter. AGF Management Ltd. now owns 1,068,447 shares of the financial services provider’s stock worth $99,579,000 after acquiring an additional 279,561 shares during the period. Check Capital Management Inc. CA increased its position in AerCap by 0.4% during the third quarter. Check Capital Management Inc. CA now owns 874,612 shares of the financial services provider’s stock worth $82,843,000 after acquiring an additional 3,360 shares during the period. Finally, Sei Investments Co. grew its stake in AerCap by 9.8% during the second quarter. Sei Investments Co. now owns 799,416 shares of the financial services provider’s stock worth $74,506,000 after buying an additional 71,322 shares in the last quarter. 96.42% of the stock is owned by institutional investors.

AerCap Trading Down 1.2 %

AER opened at $99.09 on Friday. The company’s 50 day moving average is $95.95 and its 200-day moving average is $93.95. AerCap Holdings has a 1-year low of $66.34 and a 1-year high of $100.81. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The company has a market cap of $19.61 billion, a P/E ratio of 7.85, a PEG ratio of 2.25 and a beta of 1.83.

AerCap (NYSE:AER) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.41. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period last year, the company posted $2.81 EPS. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities research analysts predict that AerCap Holdings will post 11.26 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, December 5th. Investors of record on Wednesday, November 13th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 13th. This represents a $1.00 annualized dividend and a yield of 1.01%. AerCap’s dividend payout ratio is presently 7.92%.

Analyst Upgrades and Downgrades

AER has been the topic of a number of analyst reports. The Goldman Sachs Group reiterated a “buy” rating and set a $119.00 price objective on shares of AerCap in a research note on Thursday, November 21st. Barclays increased their price objective on shares of AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Susquehanna increased their price objective on shares of AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, AerCap currently has a consensus rating of “Moderate Buy” and an average target price of $112.00.

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.