AerCap (NYSE:AER) Reaches New 52-Week High – Here’s Why

AerCap Holdings (NYSE:AER)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $99.68 and last traded at $98.94, with a volume of 185363 shares trading hands. The stock had previously closed at $99.00.

Wall Street Analysts Forecast Growth

AER has been the topic of a number of recent analyst reports. Susquehanna boosted their price target on shares of AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research note on Friday, August 2nd. Barclays boosted their price target on shares of AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their target price on shares of AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, TD Cowen restated a “buy” rating and set a $125.00 target price on shares of AerCap in a research report on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, AerCap currently has an average rating of “Moderate Buy” and a consensus price target of $110.83.

AerCap Stock Performance

The stock’s fifty day moving average is $94.91 and its two-hundred day moving average is $92.92. The firm has a market capitalization of $19.34 billion, a price-to-earnings ratio of 7.84, a price-to-earnings-growth ratio of 2.13 and a beta of 1.83. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67.

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

AerCap Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap’s dividend payout ratio is currently 7.92%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of AerCap by 19.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 110,949 shares of the financial services provider’s stock worth $9,643,000 after buying an additional 17,750 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of AerCap by 31.1% in the 1st quarter. Janus Henderson Group PLC now owns 142,539 shares of the financial services provider’s stock worth $12,382,000 after buying an additional 33,852 shares during the last quarter. Mizuho Markets Americas LLC lifted its position in shares of AerCap by 15.8% in the 1st quarter. Mizuho Markets Americas LLC now owns 136,750 shares of the financial services provider’s stock worth $11,885,000 after buying an additional 18,700 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of AerCap by 2.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,077 shares of the financial services provider’s stock worth $1,807,000 after buying an additional 451 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of AerCap in the 1st quarter worth about $714,000. 96.42% of the stock is owned by institutional investors and hedge funds.

About AerCap

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.