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

Bank of Montreal Can lifted its stake in AerCap Holdings (NYSE:AER) by 137.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 462,587 shares of the financial services provider’s stock after purchasing an additional 268,100 shares during the period. Bank of Montreal Can owned 0.23% of AerCap worth $43,913,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AER. Blue Trust Inc. lifted its holdings in AerCap by 89.9% during the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 134 shares in the last quarter. Mather Group LLC. lifted its holdings in AerCap by 230.1% during the second quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 214 shares in the last quarter. Truvestments Capital LLC bought a new position in AerCap during the third quarter worth about $35,000. UMB Bank n.a. lifted its holdings in AerCap by 35.5% during the third quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 174 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in AerCap by 15.3% during the third quarter. First Horizon Advisors Inc. now owns 814 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 108 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Barclays lifted their target price on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. The Goldman Sachs Group reissued a “buy” rating and issued a $119.00 price target on shares of AerCap in a research note on Thursday, November 21st. Susquehanna lifted their price target on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, AerCap has an average rating of “Moderate Buy” and an average price target of $112.00.

AerCap Stock Performance

Shares of AER opened at $99.09 on Friday. The firm has a 50-day moving average of $95.95 and a 200-day moving average of $93.95. AerCap Holdings has a one year low of $66.34 and a one year high of $100.81. The company has a market cap of $19.61 billion, a PE ratio of 7.85, a price-to-earnings-growth ratio of 2.25 and a beta of 1.83. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67.

AerCap (NYSE:AER) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, hitting the consensus estimate of $2.41. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.92 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. AerCap’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.81 EPS. As a group, equities analysts forecast that AerCap Holdings will post 11.26 earnings per share for the current year.

AerCap Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.01%. The ex-dividend date is Wednesday, November 13th. AerCap’s payout ratio is 7.92%.

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.