JPMorgan Chase & Co. Purchases 483,428 Shares of AerCap Holdings (NYSE:AER)

JPMorgan Chase & Co. raised its stake in shares of AerCap Holdings (NYSE:AER - Free Report) by 43.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,599,032 shares of the financial services provider's stock after buying an additional 483,428 shares during the period. JPMorgan Chase & Co. owned approximately 0.81% of AerCap worth $153,027,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in shares of AerCap by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 230,945 shares of the financial services provider's stock worth $21,875,000 after buying an additional 643 shares in the last quarter. FMR LLC raised its position in AerCap by 1.3% in the third quarter. FMR LLC now owns 1,737,476 shares of the financial services provider's stock worth $164,574,000 after acquiring an additional 22,346 shares in the last quarter. Quantbot Technologies LP acquired a new stake in AerCap in the 3rd quarter valued at about $66,000. Benjamin Edwards Inc. bought a new position in shares of AerCap during the 3rd quarter valued at about $413,000. Finally, Centiva Capital LP acquired a new position in shares of AerCap in the 3rd quarter worth approximately $572,000. 96.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Susquehanna boosted their price objective on AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a report on Thursday, February 27th. Barclays reissued an "overweight" rating and set a $115.00 target price (up from $113.00) on shares of AerCap in a research note on Thursday, February 27th. UBS Group cut AerCap to an "underperform" rating in a research report on Friday, March 7th. Finally, Bank of America upped their price target on AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $117.43.

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AerCap Stock Down 9.3 %

Shares of NYSE:AER traded down $9.14 during midday trading on Friday, hitting $89.51. 4,195,423 shares of the stock were exchanged, compared to its average volume of 1,349,744. The business's fifty day simple moving average is $100.01 and its two-hundred day simple moving average is $97.34. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. AerCap Holdings has a 52-week low of $81.93 and a 52-week high of $107.36. The company has a market capitalization of $16.72 billion, a PE ratio of 7.09, a P/E/G ratio of 2.22 and a beta of 1.45.

AerCap (NYSE:AER - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.75. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.97 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. As a group, research analysts predict that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap declared that its board has authorized a stock buyback plan on Wednesday, February 26th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 4.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

AerCap Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Wednesday, March 12th. This is a positive change from AerCap's previous quarterly dividend of $0.25. AerCap's payout ratio is presently 9.99%.

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.