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

Key Points

• AerCap shares reached a new 52-week high, trading as high as $165.33, up from the prior close of $162.41.
• Analyst sentiment is positive: the consensus rating is “Buy” with an average price target of $185.88, and several firms recently upgraded their ratings or raised targets.
• AerCap reported quarterly EPS of $6.56, beating the $4.56 consensus, and revenue of $2.42 billion versus estimates of $2.15 billion. It also declared a quarterly dividend of $0.40 per share.

Shares of AerCap Holdings N.V. (NYSE:AER - Get Free Report) 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 trading hands. The stock had previously closed at $162.41.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AER. Zacks Research upgraded shares of AerCap from a "hold" rating to a "strong-buy" rating in a report on Monday. Weiss Ratings upgraded shares of AerCap from a "buy (a-)" rating to a "buy (a)" rating in a report on Friday. Barclays boosted their price objective on shares of AerCap from $179.00 to $181.00 and gave the company an "overweight" rating in a research report on Thursday, October 29th. Susquehanna upped their price objective on shares of AerCap from $170.00 to $176.00 and gave the company a "positive" rating in a research note on Tuesday, July 7th. Finally, Truist Financial raised their target price on shares of AerCap from $180.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, October 29th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $185.88.

AerCap Stock Performance

The company has a market cap 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 stock's fifty day simple moving average is $146.35 and its two-hundred day simple moving average is $144.80. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.41 and a current ratio of 0.41.

AerCap (NYSE:AER - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $6.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.56 by $2.00. The company had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.15 billion. AerCap had a net margin of 34.47% and a return on equity of 18.26%. The business's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $4.97 EPS. Equities research analysts anticipate that AerCap Holdings N.V. will post 21.47 EPS for the current year.

AerCap Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Wednesday, November 11th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, November 10th. AerCap's payout ratio is 8.20%.

Hedge Funds Weigh In On AerCap

A number of large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its stake in shares of AerCap by 29.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 92,152 shares of the financial services provider's stock valued at $12,641,000 after buying an additional 20,808 shares during the last quarter. Saudi Central Bank grew its position in shares of AerCap by 113.6% during the second quarter. Saudi Central Bank now owns 133,910 shares of the financial services provider's stock worth $19,521,000 after buying an additional 71,218 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of AerCap by 10.2% in the third quarter. Assenagon Asset Management S.A. now owns 358,577 shares of the financial services provider's stock worth $51,463,000 after buying an additional 33,240 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of AerCap by 321.1% in the second quarter. Handelsbanken Fonder AB now owns 47,700 shares of the financial services provider's stock worth $6,954,000 after buying an additional 36,373 shares during the last quarter. Finally, Coppell Advisory Solutions LLC increased its stake in shares of AerCap by 441.2% in the second quarter. Coppell Advisory Solutions LLC now owns 23,679 shares of the financial services provider's stock worth $3,452,000 after buying an additional 19,304 shares during the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

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.

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