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

Orion Portfolio Solutions LLC boosted its holdings 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 (SEC). The firm owned 45,788 shares of the financial services provider’s stock after purchasing 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 reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Toth Financial Advisory Corp purchased a new position in shares of AerCap during the fourth quarter valued at approximately $29,000. Fortitude Family Office LLC purchased a new stake in AerCap in the fourth quarter worth $38,000. Quantbot Technologies LP purchased a new position in AerCap during the 3rd quarter valued at $66,000. TD Private Client Wealth LLC bought a new position in AerCap in the 3rd quarter worth $78,000. Finally, Eagle Bay Advisors LLC lifted its position in shares of AerCap by 1,148.5% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,261 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 1,160 shares during the period. Institutional investors own 96.42% of the company’s stock.

AerCap Price Performance

AER opened at $102.12 on Monday. The company’s 50-day simple moving average is $99.60 and its two-hundred day simple moving average is $97.14. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $19.07 billion, a P/E ratio of 8.09, a P/E/G ratio of 2.22 and a beta of 1.83. AerCap Holdings has a 52-week low of $81.93 and a 52-week high of $107.36.

AerCap (NYSE:AER) last issued its quarterly earnings data 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. As a group, analysts predict that AerCap Holdings will post 11.29 EPS for the current year.

AerCap announced that its Board of Directors has approved a share buyback plan on Wednesday, February 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to purchase up to 4.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

AerCap Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Wednesday, March 12th. This is a boost from AerCap’s previous quarterly dividend of $0.25. AerCap’s dividend payout ratio is 9.99%.

Analyst Ratings Changes

AER has been the subject of a number of research reports. Susquehanna increased their price target on shares of AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a research note on Thursday, February 27th. Bank of America raised their target price on AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Barclays reaffirmed an “overweight” rating and issued a $115.00 price target (up from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Finally, UBS Group lowered AerCap to an “underperform” rating in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, AerCap has an average rating of “Moderate Buy” and a consensus target price of $117.43.

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.