Allspring Global Investments Holdings LLC Reduces Holdings in AerCap Holdings (NYSE:AER)

Allspring Global Investments Holdings LLC decreased its holdings in shares of AerCap Holdings (NYSE:AER - Free Report) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,011,636 shares of the financial services provider's stock after selling 204,311 shares during the quarter. AerCap accounts for approximately 0.9% of Allspring Global Investments Holdings LLC's portfolio, making the stock its 8th largest position. Allspring Global Investments Holdings LLC owned about 3.04% of AerCap worth $579,291,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of AER. Darsana Capital Partners LP purchased a new position in AerCap in the third quarter worth about $94,720,000. TOMS Capital Investment Management LP bought a new stake in AerCap during the 3rd quarter valued at $60,526,000. KBC Group NV raised its position in shares of AerCap by 137.8% in the 4th quarter. KBC Group NV now owns 834,452 shares of the financial services provider's stock worth $79,857,000 after acquiring an additional 483,564 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in AerCap by 176.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 753,267 shares of the financial services provider's stock worth $71,349,000 after buying an additional 480,551 shares during the last quarter. Finally, State Street Corp grew its stake in AerCap by 8.3% during the 3rd quarter. State Street Corp now owns 4,862,517 shares of the financial services provider's stock valued at $460,579,000 after purchasing an additional 370,906 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on AER. Deutsche Bank Aktiengesellschaft increased their price target on AerCap from $110.00 to $115.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. The Goldman Sachs Group restated a "buy" rating and issued a $119.00 price target on shares of AerCap in a research report on Thursday, November 21st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $112.00.

AerCap Trading Up 1.6 %

Shares of AER traded up $1.58 on Friday, reaching $100.60. 1,089,581 shares of the company's stock were exchanged, compared to its average volume of 1,027,952. The stock has a market capitalization of $19.91 billion, a P/E ratio of 7.97, a price-to-earnings-growth ratio of 2.13 and a beta of 1.81. AerCap Holdings has a 12 month low of $75.96 and a 12 month high of $100.81. The business has a 50 day moving average price of $95.83 and a two-hundred day moving average price of $95.22. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89.

AerCap Company 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.