Aercap (NYSE:AER) Reaches New 1-Year High – Here’s What Happened
by Doug Wharley · The Cerbat GemAercap Holdings N.V. (NYSE:AER – Get Free Report)’s stock price reached a new 52-week high on Monday . The stock traded as high as $148.13 and last traded at $147.95, with a volume of 116221 shares trading hands. The stock had previously closed at $144.63.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on AER shares. Zacks Research lowered Aercap from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Susquehanna raised their price target on shares of Aercap from $134.00 to $157.00 and gave the stock a “positive” rating in a report on Tuesday, November 11th. Cowen reiterated a “buy” rating on shares of Aercap in a research note on Thursday, October 30th. Truist Financial started coverage on shares of Aercap in a research report on Tuesday, December 9th. They issued a “buy” rating and a $159.00 target price for the company. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Aercap in a research note on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Aercap presently has an average rating of “Moderate Buy” and a consensus price target of $148.86.
Aercap Stock Down 0.4%
The company has a market cap of $27.54 billion, a price-to-earnings ratio of 6.99, a PEG ratio of 0.76 and a beta of 1.08. The business has a 50-day simple moving average of $137.98 and a two-hundred day simple moving average of $124.97. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.43.
Aercap (NYSE:AER – Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $4.97 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $1.81. Aercap had a return on equity of 15.16% and a net margin of 45.41%.The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the prior year, the firm posted $2.41 EPS. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. Aercap has set its FY 2025 guidance at 13.700-13.700 EPS. As a group, equities analysts forecast that Aercap Holdings N.V. will post 11.29 earnings per share for the current fiscal year.
Aercap Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Wednesday, November 12th were given a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.7%. Aercap’s dividend payout ratio (DPR) is currently 5.12%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of AER. Zurich Insurance Group Ltd FI lifted its holdings in Aercap by 24.8% during the 1st quarter. Zurich Insurance Group Ltd FI now owns 129,682 shares of the financial services provider’s stock valued at $13,250,000 after purchasing an additional 25,780 shares during the last quarter. Alberta Investment Management Corp acquired a new stake in shares of Aercap during the second quarter worth approximately $1,849,000. Assenagon Asset Management S.A. raised its stake in shares of Aercap by 40.2% in the third quarter. Assenagon Asset Management S.A. now owns 1,361,448 shares of the financial services provider’s stock valued at $164,735,000 after acquiring an additional 390,475 shares during the last quarter. Corton Capital Inc. acquired a new position in shares of Aercap in the 2nd quarter worth approximately $415,000. Finally, Meridian Wealth Management LLC boosted its holdings in shares of Aercap by 28.7% in the 2nd quarter. Meridian Wealth Management LLC now owns 137,086 shares of the financial services provider’s stock worth $16,039,000 after acquiring an additional 30,543 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.
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.