Aercap (NYSE:AER) Reaches New 1-Year High on Analyst Upgrade

Aercap Holdings N.V. (NYSE:AER) reached a new 52-week high during mid-day trading on Tuesday after Barclays raised their price target on the stock from $164.00 to $179.00. Barclays currently has an overweight rating on the stock. Aercap traded as high as $155.99 and last traded at $153.4040, with a volume of 84632 shares traded. The stock had previously closed at $153.45.

A number of other research analysts also recently weighed in on the stock. Truist Financial increased their target price on shares of Aercap from $159.00 to $161.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. TD Cowen lifted their price target on shares of Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. upped their price objective on Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Susquehanna increased their price objective on Aercap from $170.00 to $176.00 and gave the company a “positive” rating in a report on Tuesday. Finally, Zacks Research downgraded Aercap from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.75.

Institutional Investors Weigh In On Aercap

Hedge funds and other institutional investors have recently modified their holdings of the stock. Arbejdsmarkedets Tillaegspension purchased a new stake in Aercap in the 4th quarter worth approximately $23,935,000. Convergence Investment Partners LLC purchased a new position in shares of Aercap during the fourth quarter valued at approximately $1,520,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Aercap by 6.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 175,986 shares of the financial services provider’s stock valued at $25,453,000 after acquiring an additional 10,447 shares in the last quarter. Lombard Odier Asset Management USA Corp lifted its stake in Aercap by 50.9% in the third quarter. Lombard Odier Asset Management USA Corp now owns 23,717 shares of the financial services provider’s stock worth $2,870,000 after acquiring an additional 8,003 shares during the period. Finally, Pacific Capital Partners Ltd lifted its stake in Aercap by 65.8% in the fourth quarter. Pacific Capital Partners Ltd now owns 32,750 shares of the financial services provider’s stock worth $4,708,000 after acquiring an additional 13,000 shares during the period. 96.42% of the stock is currently owned by institutional investors.

Aercap Trading Down 0.6%

The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34. The firm’s fifty day moving average is $142.10 and its two-hundred day moving average is $142.86. The firm has a market cap of $25.46 billion, a P/E ratio of 6.69, a PEG ratio of 1.03 and a beta of 0.94.

Aercap (NYSE:AER) last posted its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 EPS for the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. The firm had revenue of $2.30 billion during the quarter. Analysts predict that Aercap Holdings N.V. will post 17.23 earnings per share for the current fiscal year.

Aercap Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.40 per share. The ex-dividend date was Wednesday, May 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. Aercap’s dividend payout ratio is 7.01%.

Aercap declared that its board has authorized a share repurchase program on Wednesday, April 29th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to buy up to 4.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.

Aercap Company Profile

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.