Franklin Resources Inc. lessened its stake in Aercap Holdings N.V. (NYSE:AER – Free Report) by 11.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,416,015 shares of the financial services provider’s stock after selling 428,589 shares during the period. Franklin Resources Inc.’s holdings in Aercap were worth $491,086,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Wedmont Private Capital lifted its stake in shares of Aercap by 3.9% in the fourth quarter. Wedmont Private Capital now owns 1,979 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 74 shares during the period. Argentarii LLC increased its position in Aercap by 2.8% during the 4th quarter. Argentarii LLC now owns 2,793 shares of the financial services provider’s stock valued at $402,000 after purchasing an additional 77 shares during the period. Savant Capital LLC raised its holdings in Aercap by 2.4% during the 3rd quarter. Savant Capital LLC now owns 3,417 shares of the financial services provider’s stock worth $413,000 after purchasing an additional 80 shares during the last quarter. Huntington National Bank lifted its position in shares of Aercap by 11.7% in the 3rd quarter. Huntington National Bank now owns 895 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 94 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in shares of Aercap by 26.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 94 shares during the period. Institutional investors and hedge funds own 96.42% of the company’s stock.
Aercap Stock Down 1.0%
Shares of NYSE AER opened at $135.63 on Tuesday. 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 firm has a market cap of $22.63 billion, a PE ratio of 5.94, a P/E/G ratio of 0.96 and a beta of 0.93. The company’s fifty day simple moving average is $140.96 and its 200 day simple moving average is $141.68. Aercap Holdings N.V. has a 12-month low of $105.65 and a 12-month high of $154.94.
Aercap announced that its board has approved a stock buyback plan on Wednesday, April 29th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to buy up to 4.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
Aercap Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 13th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, May 13th. Aercap’s dividend payout ratio is 7.01%.
Wall Street Analyst Weigh In
AER has been the subject of a number of analyst reports. Barclays lifted their target price on shares of Aercap from $162.00 to $164.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. increased their price target on Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Morgan Stanley dropped their price objective on Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. Zacks Research lowered Aercap from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Finally, Susquehanna raised their target price on Aercap from $165.00 to $170.00 and gave the stock a “positive” rating in a research note on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $163.13.
Get Our Latest Report on Aercap
Aercap 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.
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