Aercap (NYSE:AER) Hits New 52-Week High - Time to Buy?

Key Points

• Aercap Holdings N.V. shares reached a new 52-week high of $124.73, with a last trading price of $124.52 and a trading volume of 562,573 shares.
• The company reported quarterly earnings of $2.83 per share, beating estimates, despite a revenue decline of 3.6% year-over-year.
• Aercap announced a quarterly dividend of $0.27, representing an annualized dividend yield of 0.9%, set to be paid on September 4th.

Shares of Aercap Holdings N.V. (NYSE:AER - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $124.73 and last traded at $124.52, with a volume of 562573 shares traded. The stock had previously closed at $123.50.

Analyst Ratings Changes

A number of research firms recently commented on AER. Barclays upped their price objective on shares of Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Susquehanna increased their target price on Aercap from $130.00 to $134.00 and gave the stock a "positive" rating in a report on Wednesday, August 13th. Finally, Morgan Stanley increased their target price on Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Aercap has a consensus rating of "Moderate Buy" and an average price target of $122.57.

Aercap Price Performance

The company has a 50 day moving average of $115.20 and a 200-day moving average of $109.00. The firm has a market capitalization of $23.07 billion, a P/E ratio of 7.68, a P/E/G ratio of 2.45 and a beta of 1.46. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 2.57.

Aercap (NYSE:AER - Get Free Report) last posted its earnings results on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share for the quarter, topping analysts' consensus estimates of $2.75 by $0.08. The firm had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $2.03 billion. Aercap had a net margin of 36.93% and a return on equity of 13.13%. The company's revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.01 earnings per share. Aercap has set its FY 2025 guidance at 11.600-11.600 EPS. On average, sell-side analysts predict that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Wednesday, August 13th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, August 13th. Aercap's payout ratio is 6.72%.

Institutional Investors Weigh In On Aercap

A number of large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Aercap during the second quarter valued at about $241,392,000. Mawer Investment Management Ltd. purchased a new position in shares of Aercap during the second quarter valued at approximately $181,377,000. 59 North Capital Management LP boosted its position in shares of Aercap by 40.6% in the 1st quarter. 59 North Capital Management LP now owns 5,209,534 shares of the financial services provider's stock worth $532,258,000 after purchasing an additional 1,504,620 shares in the last quarter. Dorsey Asset Management LLC bought a new stake in shares of Aercap in the 1st quarter worth approximately $116,325,000. Finally, Ninety One UK Ltd increased its position in shares of Aercap by 44.8% during the second quarter. Ninety One UK Ltd now owns 2,794,925 shares of the financial services provider's stock valued at $327,006,000 after acquiring an additional 864,348 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company's stock.

Aercap Company 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.