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

Franklin Resources Inc. lifted its stake in shares of AerCap Holdings (NYSE:AER - Free Report) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,601,208 shares of the financial services provider's stock after buying an additional 282,980 shares during the period. Franklin Resources Inc. owned about 2.83% of AerCap worth $545,726,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. raised its holdings in AerCap by 21.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,133 shares of the financial services provider's stock valued at $1,410,000 after buying an additional 2,696 shares during the last quarter. Swedbank AB lifted its holdings in shares of AerCap by 12.8% during the second quarter. Swedbank AB now owns 96,244 shares of the financial services provider's stock worth $8,970,000 after purchasing an additional 10,933 shares during the period. Blue Trust Inc. grew its stake in shares of AerCap by 89.9% in the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider's stock worth $25,000 after purchasing an additional 134 shares during the last quarter. Dupree Financial Group LLC bought a new stake in shares of AerCap in the second quarter worth $2,635,000. Finally, AustralianSuper Pty Ltd acquired a new stake in AerCap in the second quarter valued at $7,468,000. 96.42% of the stock is currently owned by institutional investors.

AerCap Stock Up 0.7 %

NYSE:AER traded up $0.66 during trading hours on Friday, reaching $95.66. The company had a trading volume of 1,110,350 shares, compared to its average volume of 1,403,547. AerCap Holdings has a twelve month low of $70.48 and a twelve month high of $100.81. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm has a market cap of $18.93 billion, a price-to-earnings ratio of 7.58, a P/E/G ratio of 2.17 and a beta of 1.82. The business's 50-day simple moving average is $96.39 and its two-hundred day simple moving average is $94.39.

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

AerCap Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have commented on AER shares. Deutsche Bank Aktiengesellschaft upped their price target on AerCap from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group reiterated a "buy" rating and issued a $119.00 target price on shares of AerCap in a report on Thursday, November 21st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, AerCap currently has an average rating of "Moderate Buy" and a consensus price target of $112.00.

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.