Connor Clark & Lunn Investment Management Ltd. Has $58.69 Million Position in Aercap Holdings N.V. $AER

Connor Clark & Lunn Investment Management Ltd. lessened its holdings in Aercap Holdings N.V. (NYSE:AER) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 501,620 shares of the financial services provider’s stock after selling 8,766 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.27% of Aercap worth $58,690,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in shares of Aercap in the first quarter valued at $37,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Aercap during the 2nd quarter worth about $43,000. Geneos Wealth Management Inc. grew its stake in Aercap by 26.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after buying an additional 94 shares during the last quarter. Whittier Trust Co. acquired a new position in Aercap in the 2nd quarter valued at about $53,000. Finally, Summit Securities Group LLC bought a new position in Aercap in the 1st quarter valued at about $64,000. 96.42% of the stock is owned by institutional investors.

Aercap Price Performance

Shares of AER stock opened at $132.91 on Friday. The business has a fifty day simple moving average of $123.58 and a 200 day simple moving average of $116.82. The company has a market cap of $24.83 billion, a P/E ratio of 6.30, a P/E/G ratio of 2.50 and a beta of 1.40. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 2.57. Aercap Holdings N.V. has a twelve month low of $85.57 and a twelve month high of $135.01.

Aercap (NYSE:AER) last posted its earnings results on Wednesday, October 29th. The financial services provider reported $4.97 earnings per share for the quarter, topping analysts’ consensus estimates of $3.16 by $1.81. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2 billion. Aercap had a net margin of 45.41% and a return on equity of 15.31%. The company’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.41 earnings per share. Aercap has set its FY 2025 guidance at 13.700-13.700 EPS. On average, sell-side analysts forecast that Aercap Holdings N.V. will post 11.29 EPS for the current fiscal year.

Aercap Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Wednesday, November 12th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 12th. Aercap’s payout ratio is currently 5.12%.

Analyst Upgrades and Downgrades

AER has been the topic of several research reports. TD Cowen upped their target price on Aercap from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Barclays boosted their price target on Aercap from $132.00 to $144.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Aercap in a research report on Wednesday, October 8th. Cowen restated a “buy” rating on shares of Aercap in a research note on Thursday, October 30th. Finally, Susquehanna lifted their price objective on shares of Aercap from $130.00 to $134.00 and gave the stock a “positive” rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.00.

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.