JPMorgan Chase & Co. raised its stake in Aercap Holdings N.V. (NYSE:AER - Free Report) by 43.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,298,552 shares of the financial services provider's stock after acquiring an additional 699,520 shares during the period. JPMorgan Chase & Co. owned about 1.23% of Aercap worth $234,843,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Bank of Nova Scotia bought a new position in Aercap in the fourth quarter valued at about $281,000. Raymond James Financial Inc. acquired a new stake in shares of Aercap during the fourth quarter worth about $3,284,000. Townsquare Capital LLC grew its holdings in shares of Aercap by 31.5% during the fourth quarter. Townsquare Capital LLC now owns 4,745 shares of the financial services provider's stock worth $454,000 after buying an additional 1,137 shares in the last quarter. XTX Topco Ltd grew its holdings in shares of Aercap by 124.0% during the fourth quarter. XTX Topco Ltd now owns 10,792 shares of the financial services provider's stock worth $1,033,000 after buying an additional 5,974 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board grew its holdings in shares of Aercap by 9.3% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 9,516 shares of the financial services provider's stock worth $911,000 after buying an additional 807 shares in the last quarter. Institutional investors own 96.42% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on AER. Barclays raised their price target on Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Susquehanna restated a "positive" rating and issued a $134.00 price target (up from $130.00) on shares of Aercap in a research note on Wednesday. Morgan Stanley boosted their price target on Aercap from $111.00 to $120.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. lifted their price objective on Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.57.
View Our Latest Research Report on Aercap
Aercap Price Performance
AER stock traded up $0.22 during midday trading on Friday, reaching $112.96. 1,223,819 shares of the stock were exchanged, compared to its average volume of 1,426,136. The stock has a market capitalization of $21.10 billion, a PE ratio of 7.02, a P/E/G ratio of 2.26 and a beta of 1.44. Aercap Holdings N.V. has a 52 week low of $85.57 and a 52 week high of $118.07. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.44 and a quick ratio of 0.44. The company has a fifty day moving average price of $113.58 and a 200 day moving average price of $106.58.
Aercap (NYSE:AER - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share for the quarter, topping analysts' consensus estimates of $2.75 by $0.08. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.03 billion. Aercap had a return on equity of 13.13% and a net margin of 36.93%. Aercap's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.01 EPS. As a group, analysts expect that Aercap Holdings N.V. will post 11.29 EPS for the current fiscal year.
Aercap Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Wednesday, August 13th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, August 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.0%. Aercap's payout ratio is currently 6.72%.
Aercap Company Profile
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Free Report)
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.
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