Envestnet Portfolio Solutions Inc. Buys 308 Shares of AerCap Holdings (NYSE:AER)

Envestnet Portfolio Solutions Inc. increased its stake in shares of AerCap Holdings (NYSE:AER) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,143 shares of the financial services provider’s stock after buying an additional 308 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in AerCap were worth $1,641,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Toth Financial Advisory Corp acquired a new stake in shares of AerCap during the 4th quarter worth $29,000. Truvestments Capital LLC acquired a new stake in AerCap during the third quarter worth about $35,000. Fortitude Family Office LLC bought a new position in AerCap in the 4th quarter valued at about $38,000. Transamerica Financial Advisors Inc. acquired a new position in shares of AerCap in the 3rd quarter valued at approximately $64,000. Finally, Quantbot Technologies LP bought a new stake in shares of AerCap during the 3rd quarter worth approximately $66,000. Institutional investors own 96.42% of the company’s stock.

AerCap Stock Performance

Shares of AER stock opened at $102.13 on Friday. The business’s 50-day moving average price is $98.89 and its 200-day moving average price is $96.67. AerCap Holdings has a 12 month low of $81.93 and a 12 month high of $107.36. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm has a market capitalization of $19.08 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 2.22 and a beta of 1.83.

AerCap (NYSE:AER) last posted its earnings results on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.75. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.97 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. Equities research analysts forecast that AerCap Holdings will post 11.29 EPS for the current year.

AerCap Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.27 per share. The ex-dividend date is Wednesday, March 12th. This is an increase from AerCap’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.06%. AerCap’s payout ratio is presently 9.99%.

AerCap declared that its Board of Directors has initiated a share buyback program on Wednesday, February 26th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 4.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts have commented on AER shares. Susquehanna boosted their price objective on shares of AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a research report on Thursday, February 27th. Barclays restated an “overweight” rating and set a $115.00 price objective (up from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Bank of America lifted their target price on AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Finally, UBS Group cut shares of AerCap to an “underperform” rating in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $117.43.

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.