Envestnet Asset Management Inc. Acquires 77,403 Shares of AerCap Holdings (NYSE:AER)

Envestnet Asset Management Inc. raised its holdings in AerCap Holdings (NYSE:AER) by 23.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 411,574 shares of the financial services provider’s stock after buying an additional 77,403 shares during the quarter. Envestnet Asset Management Inc. owned 0.21% of AerCap worth $38,359,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Private Advisor Group LLC acquired a new stake in AerCap in the fourth quarter worth $343,000. Charles Schwab Investment Management Inc. grew its stake in shares of AerCap by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 195,760 shares of the financial services provider’s stock valued at $14,549,000 after buying an additional 647 shares during the period. Principal Financial Group Inc. increased its position in AerCap by 8.2% in the 4th quarter. Principal Financial Group Inc. now owns 21,317 shares of the financial services provider’s stock valued at $1,584,000 after buying an additional 1,607 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in AerCap by 2.4% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 6,613 shares of the financial services provider’s stock worth $491,000 after buying an additional 154 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in AerCap by 20.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,537 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 262 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AER. Susquehanna boosted their price objective on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a report on Friday, August 2nd. Barclays raised their price objective on shares of AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Morgan Stanley initiated coverage on shares of AerCap in a research report on Friday, June 7th. They set an “equal weight” rating and a $103.00 target price for the company. Finally, TD Cowen reaffirmed a “buy” rating and issued a $125.00 price target on shares of AerCap in a research report on Monday, July 29th. One 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, AerCap currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.38.

AerCap Trading Up 4.4 %

NYSE:AER opened at $98.28 on Friday. AerCap Holdings has a 52 week low of $57.30 and a 52 week high of $98.79. The firm has a 50-day moving average price of $93.49 and a two-hundred day moving average price of $90.26. The firm has a market cap of $19.45 billion, a price-to-earnings ratio of 6.39, a price-to-earnings-growth ratio of 2.06 and a beta of 1.83. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.29 and a current ratio of 0.29.

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

AerCap Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 14th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.02%. The ex-dividend date was Wednesday, August 14th. AerCap’s dividend payout ratio is 6.51%.

About AerCap

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.