Orion Portfolio Solutions LLC Buys 13,778 Shares of AerCap Holdings (NYSE:AER)

Orion Portfolio Solutions LLC boosted its position in shares of AerCap Holdings (NYSE:AER) by 43.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,788 shares of the financial services provider’s stock after acquiring an additional 13,778 shares during the period. Orion Portfolio Solutions LLC’s holdings in AerCap were worth $4,382,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AER. Toth Financial Advisory Corp purchased a new stake in shares of AerCap in the fourth quarter worth $29,000. Fortitude Family Office LLC bought a new position in AerCap in the 4th quarter worth $38,000. Quantbot Technologies LP purchased a new stake in AerCap in the 3rd quarter worth $66,000. TD Private Client Wealth LLC bought a new stake in AerCap during the third quarter valued at about $78,000. Finally, Eagle Bay Advisors LLC lifted its position in shares of AerCap by 1,148.5% in the fourth quarter. Eagle Bay Advisors LLC now owns 1,261 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 1,160 shares in the last quarter. Institutional investors own 96.42% of the company’s stock.

Analyst Upgrades and Downgrades

AER has been the subject of several research analyst reports. Barclays reiterated an “overweight” rating and set a $115.00 target price (up previously from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Bank of America lifted their price objective on shares of AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Susquehanna upped their target price on shares of AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a research report on Thursday, February 27th. Finally, UBS Group downgraded shares of AerCap to an “underperform” rating in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, AerCap presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.43.

AerCap Price Performance

AER stock opened at $102.12 on Monday. The company has a fifty day simple moving average of $99.60 and a two-hundred day simple moving average of $97.14. AerCap Holdings has a 52 week low of $81.93 and a 52 week high of $107.36. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm has a market capitalization of $19.07 billion, a P/E ratio of 8.09, a price-to-earnings-growth ratio of 2.22 and a beta of 1.83.

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

AerCap declared that its board has approved a stock repurchase program on Wednesday, February 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 4.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

AerCap Increases Dividend

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

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.