AerCap (NYSE:AER) Shares Pass Above 200-Day Moving Average – Here’s What Happened

AerCap Holdings (NYSE:AER)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $94.70 and traded as high as $96.06. AerCap shares last traded at $95.52, with a volume of 580,766 shares.

Analyst Upgrades and Downgrades

AER has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft boosted their target price on AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 price target on shares of AerCap in a research report on Thursday, November 21st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, AerCap has an average rating of “Moderate Buy” and an average target price of $112.00.

AerCap Stock Up 0.0 %

The firm has a 50-day moving average price of $96.13 and a two-hundred day moving average price of $94.70. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market cap of $18.91 billion, a price-to-earnings ratio of 7.57, a price-to-earnings-growth ratio of 2.17 and a beta of 1.82.

AerCap (NYSE:AER) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.41. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the prior year, the business posted $2.81 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, sell-side analysts forecast that AerCap Holdings will post 11.26 earnings per share for the current year.

AerCap Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Wednesday, November 13th. AerCap’s payout ratio is currently 7.92%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its holdings in shares of AerCap by 319.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 34,132 shares of the financial services provider’s stock valued at $3,181,000 after acquiring an additional 25,995 shares during the period. Ritholtz Wealth Management increased its stake in AerCap by 55.9% in the second quarter. Ritholtz Wealth Management now owns 5,817 shares of the financial services provider’s stock valued at $542,000 after purchasing an additional 2,086 shares during the period. Natixis Advisors LLC boosted its stake in shares of AerCap by 32.5% during the second quarter. Natixis Advisors LLC now owns 188,152 shares of the financial services provider’s stock worth $17,536,000 after buying an additional 46,138 shares during the period. BW Gestao de Investimentos Ltda. grew its holdings in shares of AerCap by 31.3% during the second quarter. BW Gestao de Investimentos Ltda. now owns 288,770 shares of the financial services provider’s stock worth $26,913,000 after buying an additional 68,770 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in AerCap by 5.6% in the 2nd quarter. CIBC Asset Management Inc now owns 19,221 shares of the financial services provider’s stock valued at $1,791,000 after acquiring an additional 1,026 shares during the period. Hedge funds and other institutional investors own 96.42% of the company’s stock.

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.