AerCap (NYSE:AER) Sets New 52-Week High – What’s Next?

AerCap Holdings (NYSE:AER) reached a new 52-week high during trading on Monday . The company traded as high as $117.87 and last traded at $116.90, with a volume of 228715 shares trading hands. The stock had previously closed at $116.85.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Morgan Stanley boosted their target price on shares of AerCap from $101.00 to $111.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 1st. UBS Group cut AerCap to an “underperform” rating in a research note on Friday, March 7th. Susquehanna lifted their target price on AerCap from $120.00 to $130.00 and gave the stock a “positive” rating in a research report on Tuesday, May 13th. Barclays reissued an “overweight” rating and set a $115.00 price target (up from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Finally, Bank of America boosted their target price on shares of AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $119.25.

AerCap Trading Down 0.4%

The firm’s 50-day simple moving average is $105.15 and its 200 day simple moving average is $100.61. The stock has a market cap of $21.74 billion, a P/E ratio of 9.22, a PEG ratio of 2.22 and a beta of 1.39. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89.

AerCap (NYSE:AER) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.99. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the firm posted $3.29 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. As a group, equities research analysts anticipate that AerCap Holdings will post 11.29 earnings per share for the current year.

AerCap Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Wednesday, May 14th. AerCap’s dividend payout ratio (DPR) is 9.58%.

AerCap declared that its board has approved a share buyback plan on Wednesday, February 26th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 4.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On AerCap

A number of institutional investors have recently added to or reduced their stakes in the company. Ameriflex Group Inc. acquired a new position in shares of AerCap during the 4th quarter worth $27,000. Mather Group LLC. lifted its position in AerCap by 230.1% during the 1st quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock worth $31,000 after buying an additional 214 shares in the last quarter. Pinpoint Asset Management Ltd bought a new position in AerCap during the fourth quarter worth $35,000. Quarry LP bought a new position in AerCap during the 1st quarter worth $37,000. Finally, Geneos Wealth Management Inc. increased its position in shares of AerCap by 26.6% in the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 94 shares during the period. 96.42% of the stock is currently owned by institutional investors and hedge funds.

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.