Envestnet Asset Management Inc. Cuts Stake in Aercap Holdings N.V. (AER)

Envestnet Asset Management Inc. lessened its holdings in Aercap Holdings N.V. (NYSE:AER) by 3.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 205,124 shares of the financial services provider’s stock after selling 6,997 shares during the period. Envestnet Asset Management Inc. owned about 0.13% of Aercap worth $10,485,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Israel Discount Bank of New York increased its stake in Aercap by 35.2% during the 2nd quarter. Israel Discount Bank of New York now owns 3,650 shares of the financial services provider’s stock worth $169,000 after buying an additional 950 shares during the period. Dorsey & Whitney Trust CO LLC purchased a new stake in Aercap during the 3rd quarter worth $208,000. Raymond James Trust N.A. purchased a new stake in Aercap during the 2nd quarter worth $228,000. Bank of Nova Scotia increased its position in shares of Aercap by 4.7% in the 2nd quarter. Bank of Nova Scotia now owns 6,049 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 273 shares during the last quarter. Finally, Invictus RG bought a new stake in shares of Aercap in the 3rd quarter worth about $333,000. 85.87% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently weighed in on AER. Cowen boosted their target price on shares of Aercap from $55.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Zacks Investment Research raised shares of Aercap from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. UBS boosted their target price on shares of Aercap from $44.00 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, November 9th. Royal Bank Of Canada decreased their price target on shares of Aercap from $77.00 to $74.00 and set an “outperform” rating for the company in a report on Tuesday, November 14th. Finally, BidaskClub raised shares of Aercap from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $57.10.

Aercap Holdings N.V. (AER) opened at $51.77 on Thursday. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.42 and a current ratio of 0.42. The stock has a market cap of $8,197.87, a PE ratio of 7.57, a price-to-earnings-growth ratio of 0.70 and a beta of 1.84. Aercap Holdings N.V. has a one year low of $41.34 and a one year high of $54.50.

Aercap (NYSE:AER) last posted its earnings results on Thursday, November 2nd. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.15. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.23 billion. Aercap had a net margin of 22.84% and a return on equity of 13.84%. Aercap’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.22 EPS. equities research analysts predict that Aercap Holdings N.V. will post 6.14 earnings per share for the current fiscal year.

Aercap declared that its board has initiated a share repurchase plan on Thursday, November 2nd that permits the company to buyback $200.00 million in shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

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About Aercap

AerCap Holdings N.V. is an independent aircraft leasing company. The Company focuses on acquiring in-demand aircraft, funding them, hedging interest rate risk and using its platform to deploy these assets. It operates its business on a global basis, leasing aircraft to customers in various geographical regions.

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Institutional Ownership by Quarter for Aercap (NYSE:AER)

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