Envestnet Portfolio Solutions Inc. Sells 6,148 Shares of Aercap Holdings N.V. (NYSE:AER)

Envestnet Portfolio Solutions Inc. reduced its holdings in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 35.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,995 shares of the financial services provider's stock after selling 6,148 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Aercap were worth $1,123,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Insigneo Advisory Services LLC bought a new position in Aercap in the first quarter valued at $222,000. Janney Montgomery Scott LLC grew its holdings in shares of Aercap by 2.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 458,493 shares of the financial services provider's stock valued at $46,844,000 after acquiring an additional 9,284 shares in the last quarter. Ritholtz Wealth Management increased its position in shares of Aercap by 22.7% in the first quarter. Ritholtz Wealth Management now owns 11,676 shares of the financial services provider's stock valued at $1,193,000 after acquiring an additional 2,160 shares during the last quarter. Bensler LLC raised its holdings in Aercap by 52.4% during the first quarter. Bensler LLC now owns 37,404 shares of the financial services provider's stock worth $3,822,000 after acquiring an additional 12,867 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in Aercap by 3.2% during the first quarter. Fifth Third Bancorp now owns 7,753 shares of the financial services provider's stock valued at $792,000 after purchasing an additional 239 shares during the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Aercap Price Performance

AER traded down $1.41 on Wednesday, hitting $114.60. 662,843 shares of the stock were exchanged, compared to its average volume of 1,367,068. The firm has a market capitalization of $21.40 billion, a price-to-earnings ratio of 10.17, a PEG ratio of 2.35 and a beta of 1.39. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.21 and a quick ratio of 0.21. Aercap Holdings N.V. has a 12 month low of $82.21 and a 12 month high of $118.07. The business has a 50-day moving average of $110.39 and a two-hundred day moving average of $102.03.

Aercap (NYSE:AER - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.99. Aercap had a net margin of 26.53% and a return on equity of 13.84%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business posted $3.29 EPS. The firm's revenue for the quarter was up 2.9% on a year-over-year basis. Sell-side analysts forecast that Aercap Holdings N.V. will post 11.29 EPS for the current fiscal year.

Aercap announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 26th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 4.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's management believes its stock is undervalued.

Aercap Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th were issued a dividend of $0.27 per share. The ex-dividend date was Wednesday, May 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.94%. Aercap's dividend payout ratio (DPR) is currently 9.58%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AER shares. UBS Group lowered Aercap to an "underperform" rating in a research report on Friday, March 7th. Bank of America boosted their price objective on shares of Aercap from $105.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Barclays reiterated an "overweight" rating and set a $115.00 target price (up from $113.00) on shares of Aercap in a research note on Thursday, February 27th. Susquehanna upped their price target on shares of Aercap from $120.00 to $130.00 and gave the company a "positive" rating in a research note on Tuesday, May 13th. Finally, Morgan Stanley increased their price objective on Aercap from $101.00 to $111.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $119.25.

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.