Allspring Global Investments Holdings LLC Has $588.77 Million Stake in AerCap Holdings (NYSE:AER)

Allspring Global Investments Holdings LLC decreased its holdings in AerCap Holdings (NYSE:AER) by 4.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,215,947 shares of the financial services provider’s stock after selling 260,963 shares during the quarter. AerCap accounts for about 0.9% of Allspring Global Investments Holdings LLC’s investment portfolio, making the stock its 8th largest position. Allspring Global Investments Holdings LLC’s holdings in AerCap were worth $588,774,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AER. Castle Hook Partners LP purchased a new position in AerCap during the first quarter valued at approximately $94,062,000. Point72 Asset Management L.P. raised its position in shares of AerCap by 182.3% during the second quarter. Point72 Asset Management L.P. now owns 663,587 shares of the financial services provider’s stock valued at $61,846,000 after buying an additional 428,487 shares during the last quarter. Wedge Capital Management L L P NC increased its position in AerCap by 3,568.6% in the third quarter. Wedge Capital Management L L P NC now owns 427,756 shares of the financial services provider’s stock worth $40,517,000 after purchasing an additional 416,096 shares during the last quarter. Davidson Kempner Capital Management LP bought a new stake in AerCap in the second quarter worth $31,688,000. Finally, Kinetic Partners Management LP bought a new stake in AerCap in the first quarter worth $26,151,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.

AerCap Trading Down 0.5 %

Shares of AER traded down $0.48 during mid-day trading on Friday, reaching $97.49. The stock had a trading volume of 844,782 shares, compared to its average volume of 1,472,524. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.29 and a quick ratio of 0.29. AerCap Holdings has a 52-week low of $57.84 and a 52-week high of $99.30. The business’s fifty day moving average is $94.52 and its 200 day moving average is $91.94. The firm has a market cap of $19.30 billion, a price-to-earnings ratio of 6.34, a P/E/G ratio of 2.13 and a beta of 1.83.

AerCap (NYSE:AER) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.60. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.89 billion. AerCap had a net margin of 42.02% and a return on equity of 15.12%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.56 earnings per share. On average, sell-side analysts predict that AerCap Holdings will post 11.33 EPS for the current fiscal year.

AerCap Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 14th were paid a $0.25 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $1.00 annualized dividend and a yield of 1.03%. AerCap’s dividend payout ratio is currently 6.51%.

Analyst Ratings Changes

AER has been the subject of several analyst reports. TD Cowen restated a “buy” rating and issued a $125.00 target price on shares of AerCap in a report on Monday, July 29th. Barclays raised their target price on shares of AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Susquehanna raised their target price on shares of AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, AerCap currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.71.

About AerCap

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.