JPMorgan Chase & Co. Acquires 71,923 Shares of Aercap Holdings N.V. $AER

JPMorgan Chase & Co. increased its holdings in shares of Aercap Holdings N.V. (NYSE:AER) by 2.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,738,772 shares of the financial services provider’s stock after purchasing an additional 71,923 shares during the quarter. JPMorgan Chase & Co. owned 1.47% of Aercap worth $393,726,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Mizuho Markets Cayman LP increased its stake in Aercap by 45,615.5% during the 3rd quarter. Mizuho Markets Cayman LP now owns 3,510,491 shares of the financial services provider’s stock worth $424,769,000 after purchasing an additional 3,502,812 shares in the last quarter. Mawer Investment Management Ltd. increased its stake in Aercap by 56.3% during the 4th quarter. Mawer Investment Management Ltd. now owns 3,272,935 shares of the financial services provider’s stock worth $470,517,000 after purchasing an additional 1,179,241 shares in the last quarter. Ninety One UK Ltd increased its stake in Aercap by 1.1% during the 4th quarter. Ninety One UK Ltd now owns 2,804,003 shares of the financial services provider’s stock worth $403,103,000 after purchasing an additional 31,794 shares in the last quarter. WGI DM LLC increased its stake in Aercap by 1.2% during the 4th quarter. WGI DM LLC now owns 2,586,515 shares of the financial services provider’s stock worth $371,837,000 after purchasing an additional 30,703 shares in the last quarter. Finally, Norges Bank bought a new stake in Aercap during the 4th quarter worth approximately $352,172,000. 96.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Morgan Stanley decreased their price target on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. Zacks Research cut shares of Aercap from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. Susquehanna raised their price target on shares of Aercap from $165.00 to $170.00 and gave the stock a “positive” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. raised their price target on shares of Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Barclays raised their price target on shares of Aercap from $162.00 to $164.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Aercap presently has a consensus rating of “Moderate Buy” and an average target price of $163.13.

Aercap Price Performance

Shares of AER opened at $134.58 on Thursday. The stock has a market capitalization of $22.46 billion, a P/E ratio of 5.90, a P/E/G ratio of 0.97 and a beta of 0.93. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34. Aercap Holdings N.V. has a twelve month low of $105.65 and a twelve month high of $154.94. The company has a 50 day moving average of $141.12 and a 200-day moving average of $141.75.

Aercap (NYSE:AER) last released its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $5.39 EPS for the quarter. The company had revenue of $2.30 billion during the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%. As a group, equities research analysts forecast that Aercap Holdings N.V. will post 17.23 EPS for the current fiscal year.

Aercap Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Wednesday, May 13th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, May 13th. Aercap’s dividend payout ratio is presently 7.01%.

Aercap announced that its board has approved a stock repurchase plan on Wednesday, April 29th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Aercap Company 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.