AerCap Holdings N.V. (NYSE:AER – Get Free Report) hit a new 52-week high on Wednesday. The stock traded as high as $176.84 and last traded at $176.1450, with a volume of 545 shares. The stock had previously closed at $175.85.
Analyst Ratings Changes
AER has been the topic of several research reports. Citigroup upped their target price on AerCap from $178.00 to $185.00 and gave the company a “buy” rating in a research report 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. TD Cowen boosted their target price on shares of AerCap from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Weiss Ratings upgraded AerCap from a “buy (a-)” rating to a “buy (a)” rating in a research report on Friday, October 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of AerCap from $183.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $185.88.
Read Our Latest Stock Analysis on AER
AerCap Stock Performance
The company has a debt-to-equity ratio of 2.32, a current ratio of 0.41 and a quick ratio of 0.41. The firm has a market capitalization of $29.44 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 0.59 and a beta of 0.99. The firm has a 50 day moving average price of $148.65 and a 200-day moving average price of $145.49.
AerCap (NYSE:AER – Get Free Report) last issued its earnings results 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 firm posted $4.97 earnings per share. The company’s revenue was up 4.6% compared to the same quarter last year. As a group, sell-side analysts expect that AerCap Holdings N.V. will post 22.30 earnings per share for the current fiscal year.
AerCap Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Wednesday, November 11th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. AerCap’s payout ratio is currently 8.20%.
Institutional Investors Weigh In On AerCap
A number of hedge funds have recently added to or reduced their stakes in the company. Focus Advisor Solutions LLC boosted its holdings in AerCap by 254.1% during the third quarter. Focus Advisor Solutions LLC now owns 7,947 shares of the financial services provider’s stock worth $1,141,000 after buying an additional 5,703 shares in the last quarter. WGI DM LLC lifted its stake in AerCap by 1.5% in the 3rd quarter. WGI DM LLC now owns 2,419,660 shares of the financial services provider’s stock valued at $347,270,000 after buying an additional 35,013 shares in the last quarter. Hi Line Capital Management LLC lifted its stake in AerCap by 0.9% in the 3rd quarter. Hi Line Capital Management LLC now owns 68,131 shares of the financial services provider’s stock valued at $9,778,000 after buying an additional 595 shares in the last quarter. Voya Investment Management LLC grew its holdings in AerCap by 6.7% during the 3rd quarter. Voya Investment Management LLC now owns 23,053 shares of the financial services provider’s stock valued at $3,309,000 after buying an additional 1,454 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in AerCap by 25.5% during the 3rd quarter. Global Retirement Partners LLC now owns 8,992 shares of the financial services provider’s stock valued at $1,290,000 after buying an additional 1,826 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.
AerCap Company Profile
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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