AerCap (NYSE:AER) Sets New 12-Month High – Here’s Why

Shares of AerCap Holdings N.V. (NYSE:AER) hit a new 52-week high on Wednesday. The stock traded as high as $165.33 and last traded at $164.7780, with a volume of 297,660 shares. The stock had previously closed at $162.41.

Analysts Set New Price Targets

Several research firms have recently weighed in on AER. TD Cowen upped their target price on shares of AerCap from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Weiss Ratings raised shares of AerCap from a “buy (a-)” rating to a “buy (a)” rating in a research report on Friday. Truist Financial lifted their price target on AerCap from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $190.00 price objective on shares of AerCap in a report on Thursday, July 30th. Finally, Citigroup boosted their price objective on AerCap from $178.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, AerCap currently has an average rating of “Buy” and an average target price of $185.88.

AerCap Stock Performance

The company has a 50-day moving average of $146.35 and a 200-day moving average of $144.80. The firm has a market capitalization of $27.60 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 0.57 and a beta of 0.99. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 2.32.

AerCap (NYSE:AER) last released its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $6.56 EPS for the quarter, topping analysts’ consensus estimates of $4.56 by $2.00. AerCap had a net margin of 34.47% and a return on equity of 18.26%. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the previous year, the company posted $4.97 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. On average, equities research analysts forecast that AerCap Holdings N.V. will post 21.47 earnings per share for the current fiscal year.

AerCap Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Wednesday, November 11th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. AerCap’s payout ratio is 8.20%.

Institutional Investors Weigh In On AerCap

Institutional investors have recently modified their holdings of the business. Donald Smith & CO. Inc. bought a new position in AerCap in the second quarter worth about $424,585,000. Ninety One UK Ltd boosted its stake in AerCap by 12.0% in the third quarter. Ninety One UK Ltd now owns 2,275,507 shares of the financial services provider’s stock valued at $326,581,000 after acquiring an additional 243,488 shares during the period. SEB Asset Management AB bought a new position in shares of AerCap during the first quarter valued at approximately $21,373,000. Sei Investments Co. grew its holdings in shares of AerCap by 23.2% during the first quarter. Sei Investments Co. now owns 769,611 shares of the financial services provider’s stock valued at $105,575,000 after purchasing an additional 144,857 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of AerCap by 20.4% during the first quarter. Swiss National Bank now owns 579,800 shares of the financial services provider’s stock valued at $79,537,000 after purchasing an additional 98,200 shares during the last quarter. Institutional investors own 96.42% of the company’s stock.

About AerCap

AerCap Holdings N.V. is a global aviation leasing company headquartered in Dublin, Ireland, and listed on the New York Stock Exchange under the symbol AER. Through its subsidiaries, AerCap owns, manages and leases commercial aircraft, engines and helicopters to airlines and other aviation customers worldwide.

The company provides operating leases, finance leases, aircraft trading and asset management services. Its fleet portfolio includes aircraft from major manufacturers such as Airbus and Boeing, as well as engines and helicopters.