Aercap Holdings N.V. (NYSE:AER) shares hit a new 52-week high on Friday . The stock traded as high as $52.89 and last traded at $52.94, with a volume of 321,654 shares traded. The stock had previously closed at $52.26.

Several research analysts recently weighed in on AER shares. Morgan Stanley lowered their price objective on Aercap Holdings N.V. from $48.00 to $44.00 in a research report on Tuesday, July 4th. ValuEngine upgraded Aercap Holdings N.V. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research lowered Aercap Holdings N.V. from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Cowen and Company reiterated a “buy” rating and issued a $54.00 price objective on shares of Aercap Holdings N.V. in a research report on Tuesday, July 11th. Finally, BidaskClub upgraded Aercap Holdings N.V. from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $57.55.

The company has a 50-day moving average price of $50.78 and a 200-day moving average price of $47.60. The stock has a market cap of $8.52 billion, a P/E ratio of 8.37 and a beta of 1.86.

Aercap Holdings N.V. (NYSE:AER) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.29. Aercap Holdings N.V. had a net margin of 22.26% and a return on equity of 14.43%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the company earned $1.22 EPS. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities analysts predict that Aercap Holdings N.V. will post $6.10 EPS for the current fiscal year.

Aercap Holdings N.V. announced that its Board of Directors has initiated a stock buyback plan on Thursday, August 3rd that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

In other news, Director Michael Gradon sold 742 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $50.16, for a total transaction of $37,218.72. Following the completion of the sale, the director now directly owns 3,380 shares of the company’s stock, valued at approximately $169,540.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Aengus Kelly sold 100,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $49.87, for a total transaction of $4,987,000.00. Following the sale, the chief executive officer now directly owns 2,231,875 shares of the company’s stock, valued at $111,303,606.25. The disclosure for this sale can be found here.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. PGGM Investments purchased a new stake in shares of Aercap Holdings N.V. during the 3rd quarter valued at $21,142,000. Eqis Capital Management Inc. grew its stake in shares of Aercap Holdings N.V. by 17.6% during the 3rd quarter. Eqis Capital Management Inc. now owns 21,916 shares of the financial services provider’s stock valued at $1,120,000 after buying an additional 3,279 shares during the period. 1st Global Advisors Inc. grew its stake in shares of Aercap Holdings N.V. by 10.9% during the 2nd quarter. 1st Global Advisors Inc. now owns 23,270 shares of the financial services provider’s stock valued at $1,080,000 after buying an additional 2,288 shares during the period. Scotia Capital Inc. grew its stake in shares of Aercap Holdings N.V. by 5.1% during the 2nd quarter. Scotia Capital Inc. now owns 21,649 shares of the financial services provider’s stock valued at $1,005,000 after buying an additional 1,041 shares during the period. Finally, Bank of Nova Scotia grew its stake in shares of Aercap Holdings N.V. by 4.7% during the 2nd quarter. Bank of Nova Scotia now owns 6,049 shares of the financial services provider’s stock valued at $281,000 after buying an additional 273 shares during the period. 88.86% of the stock is owned by institutional investors.

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About Aercap Holdings N.V.

AerCap Holdings N.V. is an independent aircraft leasing company. The Company focuses on acquiring in-demand aircraft, funding them, hedging interest rate risk and using its platform to deploy these assets. It operates its business on a global basis, leasing aircraft to customers in various geographical regions.

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