AerCap (NYSE:AER) Sets New 52-Week High – Should You Buy?

AerCap Holdings N.V. (NYSE:AER) hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $176.84 and last traded at $176.1450, with a volume of 545 shares trading hands. The stock had previously closed at $175.85.

Analysts Set New Price Targets

Several equities analysts have commented on AER shares. TD Cowen increased their price objective on shares of AerCap from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Truist Financial upped their target price on shares of AerCap from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Zacks Research raised shares of AerCap from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 2nd. Weiss Ratings upgraded shares of AerCap from a “buy (a-)” rating to a “buy (a)” rating in a report on Friday, October 30th. Finally, Morgan Stanley raised their price objective on AerCap from $165.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $185.88.

AerCap Trading Down 0.7%

The company has a market capitalization of $29.33 billion, a PE ratio of 9.01, a PEG ratio of 0.60 and a beta of 0.99. The company has a fifty day simple moving average of $149.93 and a 200-day simple moving average of $145.81. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 2.32.

AerCap (NYSE:AER) last announced its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $6.56 EPS for the quarter, beating the consensus estimate of $4.56 by $2.00. AerCap had a return on equity of 18.26% and a net margin of 34.47%. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the prior year, the company posted $4.97 EPS. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Analysts predict that AerCap Holdings N.V. will post 22.30 EPS for the current year.

AerCap Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Wednesday, November 11th will be given a $0.40 dividend. The ex-dividend date of this dividend 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 8.20%.

Institutional Investors Weigh In On AerCap

Several large investors have recently modified their holdings of AER. Donald Smith & CO. Inc. acquired a new position in shares of AerCap during the 2nd quarter worth $424,585,000. Ninety One UK Ltd lifted its stake in shares of AerCap by 12.0% during the third quarter. Ninety One UK Ltd now owns 2,275,507 shares of the financial services provider’s stock valued at $326,581,000 after buying an additional 243,488 shares during the period. SEB Asset Management AB purchased a new stake in shares of AerCap in the first quarter valued at $21,373,000. Sei Investments Co. grew its holdings in AerCap by 23.2% in the first quarter. Sei Investments Co. now owns 769,611 shares of the financial services provider’s stock valued at $105,575,000 after purchasing an additional 144,857 shares during the period. Finally, Danske Bank A S raised its position in shares of AerCap by 38.6% in the 3rd quarter. Danske Bank A S now owns 369,224 shares of the financial services provider’s stock worth $52,991,000 after buying an additional 102,892 shares during the period. Hedge funds and other institutional investors own 96.42% of the company’s stock.

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.