JPMorgan Chase & Co. Sells 647,408 Shares of AerCap Holdings (NYSE:AER)

JPMorgan Chase & Co. reduced its position in AerCap Holdings (NYSE:AER) by 36.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,115,604 shares of the financial services provider’s stock after selling 647,408 shares during the period. JPMorgan Chase & Co. owned 0.56% of AerCap worth $105,670,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its stake in shares of AerCap by 15.3% in the third quarter. First Horizon Advisors Inc. now owns 814 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 108 shares in the last quarter. Dupree Financial Group LLC grew its stake in AerCap by 0.4% in the 3rd quarter. Dupree Financial Group LLC now owns 28,395 shares of the financial services provider’s stock valued at $2,690,000 after buying an additional 121 shares in the last quarter. UMB Bank n.a. lifted its position in shares of AerCap by 35.5% during the third quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 174 shares in the last quarter. Argent Trust Co lifted its position in shares of AerCap by 6.0% during the second quarter. Argent Trust Co now owns 5,002 shares of the financial services provider’s stock worth $466,000 after acquiring an additional 285 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of AerCap by 0.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 58,671 shares of the financial services provider’s stock valued at $5,557,000 after purchasing an additional 320 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price objective on AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 price objective on shares of AerCap in a research report on Thursday, November 21st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, AerCap has a consensus rating of “Moderate Buy” and an average target price of $112.00.

AerCap Stock Up 0.2 %

Shares of NYSE AER opened at $95.70 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The business has a 50-day moving average of $96.12 and a 200-day moving average of $94.76. The firm has a market capitalization of $18.94 billion, a price-to-earnings ratio of 7.58, a PEG ratio of 2.17 and a beta of 1.82. AerCap Holdings has a 12 month low of $70.48 and a 12 month high of $100.81.

AerCap (NYSE:AER) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, hitting analysts’ consensus estimates of $2.41. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the previous year, the company earned $2.81 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Sell-side analysts expect that AerCap Holdings will post 11.26 earnings per share for the current fiscal year.

AerCap Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Wednesday, November 13th were given a $0.25 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.04%. AerCap’s payout ratio is 7.92%.

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.