JPMorgan Chase & Co. Acquires 75,729 Shares of AerCap Holdings NV (AER)
JPMorgan Chase & Co. raised its position in AerCap Holdings NV (NYSE:AER) by 50.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 227,312 shares of the company’s stock after buying an additional 75,729 shares during the period. JPMorgan Chase & Co. owned 0.12% of AerCap Holdings NV worth $7,636,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of AER. LS Investment Advisors LLC boosted its position in shares of AerCap Holdings NV by 17.9% in the second quarter. LS Investment Advisors LLC now owns 4,184 shares of the company’s stock worth $141,000 after buying an additional 634 shares in the last quarter. Huntington National Bank boosted its position in shares of AerCap Holdings NV by 255.5% in the second quarter. Huntington National Bank now owns 5,180 shares of the company’s stock worth $174,000 after buying an additional 3,723 shares in the last quarter. Calvert Investment Management Inc. boosted its position in shares of AerCap Holdings NV by 4.4% in the second quarter. Calvert Investment Management Inc. now owns 6,104 shares of the company’s stock worth $205,000 after buying an additional 260 shares in the last quarter. Quantitative Investment Management LLC acquired a new position in shares of AerCap Holdings NV during the second quarter worth about $228,000. Finally, Hartford Investment Management Co. acquired a new position in shares of AerCap Holdings NV during the second quarter worth about $298,000. 88.77% of the stock is currently owned by hedge funds and other institutional investors.
AerCap Holdings NV (NYSE:AER) traded down 0.37% on Friday, hitting $39.93. 1,445,086 shares of the company were exchanged. AerCap Holdings NV has a one year low of $24.61 and a one year high of $46.32. The firm has a market cap of $7.37 billion, a price-to-earnings ratio of 7.73 and a beta of 1.70. The stock has a 50 day moving average price of $39.13 and a 200 day moving average price of $38.12.
AerCap Holdings NV (NYSE:AER) last posted its earnings results on Tuesday, August 9th. The company reported $1.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.05. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. AerCap Holdings NV had a net margin of 19.44% and a return on equity of 14.40%. The firm’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.73 earnings per share. On average, equities research analysts forecast that AerCap Holdings NV will post $5.85 EPS for the current fiscal year.
A number of equities analysts have issued reports on AER shares. DA Davidson reissued a “buy” rating on shares of AerCap Holdings NV in a report on Monday, August 15th. Zacks Investment Research raised AerCap Holdings NV from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Tuesday, July 26th. FBR & Co reaffirmed a “hold” rating and set a $40.00 price target on shares of AerCap Holdings NV in a report on Monday, September 19th. RBC Capital Markets reaffirmed an “outperform” rating and set a $74.00 price target (up previously from $72.00) on shares of AerCap Holdings NV in a report on Friday, August 12th. Finally, Royal Bank Of Canada lifted their price target on AerCap Holdings NV from $72.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, August 11th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $53.72.
AerCap Holdings NV Company Profile
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. The Company operates its business on a global basis, leasing aircraft to customers in various geographical region.
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