Aercap Holdings N.V. $AER Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lessened its stake in shares of Aercap Holdings N.V. (NYSE:AER) by 54.7% during the 3rd quarter, Holdings Channel reports. The fund owned 6,833 shares of the financial services provider’s stock after selling 8,266 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Aercap were worth $827,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Integrated Wealth Concepts LLC boosted its stake in Aercap by 19.0% during the first quarter. Integrated Wealth Concepts LLC now owns 2,649 shares of the financial services provider’s stock worth $271,000 after buying an additional 423 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Aercap by 282.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,659 shares of the financial services provider’s stock valued at $680,000 after purchasing an additional 4,919 shares during the period. Geneos Wealth Management Inc. lifted its stake in Aercap by 26.6% during the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 94 shares in the last quarter. Truist Financial Corp lifted its stake in Aercap by 11.2% during the 2nd quarter. Truist Financial Corp now owns 49,599 shares of the financial services provider’s stock worth $5,803,000 after acquiring an additional 5,004 shares in the last quarter. Finally, J. Safra Sarasin Holding AG boosted its holdings in Aercap by 33.7% during the 2nd quarter. J. Safra Sarasin Holding AG now owns 19,998 shares of the financial services provider’s stock valued at $2,340,000 after acquiring an additional 5,045 shares during the period. 96.42% of the stock is owned by institutional investors and hedge funds.

Aercap Price Performance

Shares of AER opened at $144.46 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.43. Aercap Holdings N.V. has a twelve month low of $85.57 and a twelve month high of $149.24. The firm has a market capitalization of $26.98 billion, a PE ratio of 6.84, a P/E/G ratio of 0.73 and a beta of 1.08. The stock’s 50 day moving average is $141.58 and its two-hundred day moving average is $128.18.

Aercap (NYSE:AER) last posted its earnings results on Wednesday, October 29th. The financial services provider reported $4.97 EPS for the quarter, topping analysts’ consensus estimates of $3.16 by $1.81. Aercap had a return on equity of 15.16% and a net margin of 45.41%.The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period in the previous year, the business earned $2.41 earnings per share. Aercap’s quarterly revenue was up 18.5% compared to the same quarter last year. Research analysts anticipate that Aercap Holdings N.V. will post 11.29 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of Aercap from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. TD Cowen reiterated a “buy” rating on shares of Aercap in a report on Thursday, October 30th. Morgan Stanley boosted their target price on Aercap from $120.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 11th. Barclays upped their target price on shares of Aercap from $144.00 to $162.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Aercap in a research note on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $148.86.

Aercap Profile

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.