JPMorgan Chase & Co. Has $393.73 Million Holdings in Aercap Holdings N.V. $AER

JPMorgan Chase & Co. increased its stake in Aercap Holdings N.V. (NYSE:AER) by 2.7% in the 4th quarter, HoldingsChannel reports. 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.’s holdings in Aercap were worth $393,726,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Mizuho Markets Cayman LP boosted its holdings in shares of Aercap by 45,615.5% in the 3rd quarter. Mizuho Markets Cayman LP now owns 3,510,491 shares of the financial services provider’s stock valued at $424,769,000 after buying an additional 3,502,812 shares during the last quarter. Mawer Investment Management Ltd. lifted its holdings 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 valued at $470,517,000 after purchasing an additional 1,179,241 shares during the last quarter. Ninety One UK Ltd lifted its holdings 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 valued at $403,103,000 after purchasing an additional 31,794 shares during the last quarter. WGI DM LLC lifted its holdings 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 valued at $371,837,000 after purchasing an additional 30,703 shares during the last quarter. Finally, Norges Bank acquired a new stake in Aercap during the 4th quarter valued at $352,172,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

Aercap Stock Down 3.2%

AER stock opened at $134.58 on Thursday. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market capitalization of $22.46 billion, a price-to-earnings ratio of 5.90, a PEG ratio of 0.97 and a beta of 0.93. The business’s fifty day moving average price is $141.12 and its two-hundred day moving average price is $141.75. Aercap Holdings N.V. has a fifty-two week low of $105.65 and a fifty-two week high of $154.94.

Aercap (NYSE:AER) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share for the quarter. The firm had revenue of $2.30 billion for the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%. On average, equities analysts anticipate that Aercap Holdings N.V. will post 17.23 earnings per share for the current year.

Aercap Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 13th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, May 13th. This represents a $1.60 annualized dividend and a yield of 1.2%. Aercap’s dividend payout ratio (DPR) is presently 7.01%.

Aercap declared that its board has authorized a stock repurchase program on Wednesday, April 29th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AER. Susquehanna raised their price target on Aercap from $165.00 to $170.00 and gave the company a “positive” rating in a report on Thursday, April 30th. Weiss Ratings downgraded Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. raised their price target on Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Truist Financial raised their price target on Aercap from $159.00 to $161.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Zacks Research downgraded Aercap from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $163.13.

Aercap 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.