Franklin Resources Inc. Has $491.09 Million Stake in Aercap Holdings N.V. $AER

Franklin Resources Inc. reduced its stake in Aercap Holdings N.V. (NYSE:AER) by 11.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,416,015 shares of the financial services provider’s stock after selling 428,589 shares during the period. Franklin Resources Inc. owned approximately 1.83% of Aercap worth $491,086,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Arbejdsmarkedets Tillaegspension bought a new position in Aercap in the 4th quarter valued at about $23,935,000. Citigroup Inc. lifted its holdings in shares of Aercap by 12.7% during the 3rd quarter. Citigroup Inc. now owns 176,919 shares of the financial services provider’s stock worth $21,407,000 after acquiring an additional 19,975 shares during the period. Alberta Investment Management Corp boosted its position in shares of Aercap by 142.4% during the 3rd quarter. Alberta Investment Management Corp now owns 38,300 shares of the financial services provider’s stock worth $4,634,000 after acquiring an additional 22,500 shares in the last quarter. Convergence Investment Partners LLC bought a new position in Aercap in the fourth quarter valued at approximately $1,520,000. Finally, Todd Asset Management LLC raised its position in Aercap by 1.5% during the third quarter. Todd Asset Management LLC now owns 533,961 shares of the financial services provider’s stock valued at $64,610,000 after purchasing an additional 7,813 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AER shares. Weiss Ratings cut Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, May 26th. TD Cowen boosted their price target on Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft set a $175.00 price objective on Aercap and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Barclays lifted their target price on Aercap from $162.00 to $164.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $163.13.

Aercap Trading Down 1.0%

NYSE AER opened at $135.63 on Tuesday. The company has a market cap of $22.63 billion, a price-to-earnings ratio of 5.94, a price-to-earnings-growth ratio of 0.96 and a beta of 0.93. Aercap Holdings N.V. has a twelve month low of $105.65 and a twelve month high of $154.94. 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 business’s fifty day moving average is $140.96 and its 200 day moving average is $141.68.

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

Aercap Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 13th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, May 13th. This represents a $1.60 annualized dividend and a yield of 1.2%. Aercap’s dividend payout ratio (DPR) is currently 7.01%.

Aercap declared that its board has initiated a stock buyback plan on Wednesday, April 29th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 4.3% of its shares through open market purchases. Shares buyback plans are typically 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.