Franklin Resources Inc. Boosts Stock Holdings in AerCap Holdings (NYSE:AER)

Franklin Resources Inc. boosted its position in shares of AerCap Holdings (NYSE:AER - Free Report) by 32.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,090,321 shares of the financial services provider's stock after buying an additional 1,476,236 shares during the period. Franklin Resources Inc. owned approximately 2.90% of AerCap worth $452,633,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. California Public Employees Retirement System grew its holdings in shares of AerCap by 22.2% during the 4th quarter. California Public Employees Retirement System now owns 358,689 shares of the financial services provider's stock valued at $26,658,000 after purchasing an additional 65,082 shares during the last quarter. Desjardins Global Asset Management Inc. grew its holdings in AerCap by 281.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 25,957 shares of the financial services provider's stock worth $1,929,000 after acquiring an additional 19,152 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in AerCap by 23.9% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 114,700 shares of the financial services provider's stock worth $8,525,000 after acquiring an additional 22,100 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in AerCap by 7.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 46,663 shares of the financial services provider's stock worth $2,924,000 after acquiring an additional 3,200 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in AerCap by 12.7% during the 3rd quarter. Vanguard Group Inc. now owns 410,518 shares of the financial services provider's stock worth $25,727,000 after acquiring an additional 46,404 shares during the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AER has been the topic of a number of research reports. TD Cowen boosted their target price on shares of AerCap from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of AerCap from $95.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 9th. Susquehanna boosted their price target on shares of AerCap from $90.00 to $100.00 and gave the stock a "positive" rating in a research report on Thursday, May 2nd. BMO Capital Markets dropped their price target on shares of AerCap from $103.00 to $101.00 and set an "outperform" rating on the stock in a research report on Monday, February 26th. Finally, Barclays boosted their price target on shares of AerCap from $93.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, May 2nd. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AerCap has a consensus rating of "Buy" and a consensus target price of $94.38.

AerCap Stock Down 0.1 %

Shares of AerCap stock traded down $0.06 during trading on Tuesday, reaching $91.68. 877,325 shares of the company traded hands, compared to its average volume of 1,582,886. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.26 and a quick ratio of 0.26. The company has a 50 day moving average price of $86.72 and a 200-day moving average price of $78.30. AerCap Holdings has a 1-year low of $56.38 and a 1-year high of $93.53. The firm has a market capitalization of $18.15 billion, a PE ratio of 5.96, a P/E/G ratio of 2.80 and a beta of 1.84.

AerCap (NYSE:AER - Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $3.29 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.98. AerCap had a net margin of 42.78% and a return on equity of 15.29%. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the company posted $2.34 earnings per share. The business's revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts expect that AerCap Holdings will post 10.26 earnings per share for the current fiscal year.

AerCap Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Wednesday, May 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Tuesday, May 21st.

AerCap 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.