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

Connor Clark & Lunn Investment Management Ltd. cut its position in Aercap Holdings N.V. (NYSE:AER) by 1.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 501,620 shares of the financial services provider’s stock after selling 8,766 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Aercap were worth $58,690,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AER. 59 North Capital Management LP grew its stake in Aercap by 40.6% in the first quarter. 59 North Capital Management LP now owns 5,209,534 shares of the financial services provider’s stock valued at $532,258,000 after acquiring an additional 1,504,620 shares during the period. Dorsey Asset Management LLC bought a new position in shares of Aercap in the 1st quarter worth $116,325,000. Ninety One UK Ltd lifted its holdings in shares of Aercap by 44.8% in the 2nd quarter. Ninety One UK Ltd now owns 2,794,925 shares of the financial services provider’s stock worth $327,006,000 after purchasing an additional 864,348 shares in the last quarter. JPMorgan Chase & Co. grew its position in Aercap by 43.7% in the 1st quarter. JPMorgan Chase & Co. now owns 2,298,552 shares of the financial services provider’s stock valued at $234,843,000 after purchasing an additional 699,520 shares during the period. Finally, Nuveen LLC bought a new stake in Aercap during the 1st quarter valued at $54,951,000. 96.42% of the stock is owned by institutional investors and hedge funds.

Aercap Trading Up 0.5%

NYSE:AER opened at $132.91 on Friday. Aercap Holdings N.V. has a 52 week low of $85.57 and a 52 week high of $135.01. The firm has a 50-day moving average price of $123.58 and a two-hundred day moving average price of $116.82. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.44 and a current ratio of 0.44. The firm has a market cap of $24.83 billion, a price-to-earnings ratio of 6.30, a price-to-earnings-growth ratio of 2.50 and a beta of 1.40.

Aercap (NYSE:AER) last issued its quarterly 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 company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2 billion. Aercap had a net margin of 45.41% and a return on equity of 15.31%. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.41 EPS. Aercap has set its FY 2025 guidance at 13.700-13.700 EPS. On average, equities analysts expect that Aercap Holdings N.V. will post 11.29 earnings per share for the current fiscal year.

Aercap Announces Dividend

The firm 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 yield of 0.8%. The ex-dividend date is Wednesday, November 12th. Aercap’s payout ratio is currently 5.12%.

Analysts Set New Price Targets

A number of research firms have weighed in on AER. Barclays raised their price objective on shares of Aercap from $132.00 to $144.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Aercap in a research report on Wednesday, October 8th. TD Cowen boosted their price objective on Aercap from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Zacks Research raised Aercap from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Finally, Morgan Stanley lifted their target price on Aercap from $111.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Aercap has an average rating of “Moderate Buy” and a consensus target price of $133.00.

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.