TD Asset Management Inc Buys 2,790 Shares of AerCap Holdings (NYSE:AER)

TD Asset Management Inc increased its stake in AerCap Holdings (NYSE:AER) by 5.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 57,232 shares of the financial services provider’s stock after purchasing an additional 2,790 shares during the period. TD Asset Management Inc’s holdings in AerCap were worth $5,334,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of AER. International Assets Investment Management LLC bought a new position in shares of AerCap in the fourth quarter worth $956,000. Private Advisor Group LLC acquired a new stake in shares of AerCap during the fourth quarter valued at about $343,000. Charles Schwab Investment Management Inc. boosted its stake in shares of AerCap by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 195,760 shares of the financial services provider’s stock valued at $14,549,000 after purchasing an additional 647 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of AerCap during the fourth quarter valued at about $145,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of AerCap by 94.0% during the fourth quarter. BNP Paribas Financial Markets now owns 107,441 shares of the financial services provider’s stock valued at $7,985,000 after purchasing an additional 52,064 shares in the last quarter. Institutional investors own 96.42% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on AER. TD Cowen reissued a “buy” rating and set a $125.00 price target on shares of AerCap in a research note on Monday, July 29th. Barclays lifted their price target on AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. 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, Morgan Stanley initiated coverage on AerCap in a research note on Friday, June 7th. They set an “equal weight” rating and a $103.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $102.38.

AerCap Price Performance

AerCap stock opened at $92.02 on Thursday. The stock’s 50 day moving average is $93.47 and its 200 day moving average is $89.59. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market cap of $18.21 billion, a P/E ratio of 5.99, a P/E/G ratio of 2.03 and a beta of 1.83. AerCap Holdings has a one year low of $57.30 and a one year high of $98.79.

AerCap (NYSE:AER) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $3.01 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.60. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.89 billion. AerCap had a return on equity of 15.12% and a net margin of 42.02%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.56 earnings per share. As a group, research analysts expect that AerCap Holdings will post 11.33 EPS for the current year.

AerCap Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 14th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.09%. AerCap’s payout ratio is currently 6.51%.

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.