Mackenzie Financial Corp Acquires 7,466 Shares of AerCap Holdings (NYSE:AER)

Mackenzie Financial Corp lifted its holdings in AerCap Holdings (NYSE:AER) by 42.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,111 shares of the financial services provider’s stock after acquiring an additional 7,466 shares during the period. Mackenzie Financial Corp’s holdings in AerCap were worth $1,866,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in AER. Optiver Holding B.V. bought a new position in shares of AerCap in the 3rd quarter worth about $32,000. Allworth Financial LP raised its position in shares of AerCap by 2,460.0% in the 3rd quarter. Allworth Financial LP now owns 768 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 738 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of AerCap in the 3rd quarter worth about $63,000. Compagnie Lombard Odier SCmA bought a new position in shares of AerCap in the 3rd quarter worth about $103,000. Finally, FNY Investment Advisers LLC bought a new position in shares of AerCap in the 4th quarter worth about $170,000. 96.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. BMO Capital Markets reduced their target price on AerCap from $103.00 to $101.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. TD Cowen restated a “buy” rating and issued a $85.00 target price on shares of AerCap in a research note on Tuesday, February 27th. Susquehanna raised their target price on AerCap from $80.00 to $90.00 and gave the company a “positive” rating in a research note on Monday, February 26th. Finally, Barclays raised their target price on AerCap from $84.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, February 26th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $87.71.

AerCap Price Performance

AER stock opened at $86.13 on Wednesday. The company has a market capitalization of $17.05 billion, a P/E ratio of 6.09, a price-to-earnings-growth ratio of 2.65 and a beta of 1.85. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.33 and a current ratio of 0.33. AerCap Holdings has a 52-week low of $53.42 and a 52-week high of $88.44. The business has a 50-day simple moving average of $82.49 and a two-hundred day simple moving average of $74.14.

AerCap (NYSE:AER) last released its quarterly earnings results on Friday, February 23rd. The financial services provider reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.67. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. AerCap had a return on equity of 14.92% and a net margin of 41.37%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.66 EPS. Research analysts expect that AerCap Holdings will post 9.88 EPS for the current fiscal year.

AerCap Company 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.