Allspring Global Investments Holdings LLC Lowers Stock Position in AerCap Holdings (NYSE:AER)

Allspring Global Investments Holdings LLC lowered its position in AerCap Holdings (NYSE:AER - Free Report) by 4.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,215,947 shares of the financial services provider's stock after selling 260,963 shares during the period. AerCap comprises 0.9% of Allspring Global Investments Holdings LLC's holdings, making the stock its 8th largest position. Allspring Global Investments Holdings LLC owned 3.14% of AerCap worth $588,774,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. American International Group Inc. increased its position in shares of AerCap by 10.0% during the fourth quarter. American International Group Inc. now owns 36,013 shares of the financial services provider's stock worth $2,676,000 after acquiring an additional 3,282 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of AerCap in the 1st quarter valued at about $182,000. Park Avenue Securities LLC lifted its holdings in shares of AerCap by 3.8% in the first quarter. Park Avenue Securities LLC now owns 12,183 shares of the financial services provider's stock valued at $1,059,000 after purchasing an additional 447 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in shares of AerCap by 1.2% during the first quarter. Gulf International Bank UK Ltd now owns 15,293 shares of the financial services provider's stock worth $1,329,000 after buying an additional 186 shares during the period. Finally, Atlas Capital Advisors LLC grew its holdings in shares of AerCap by 360.1% during the first quarter. Atlas Capital Advisors LLC now owns 7,472 shares of the financial services provider's stock worth $649,000 after buying an additional 5,848 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors.

AerCap Stock Performance

AER stock traded down $0.48 during trading hours 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 stock has a 50-day simple moving average of $94.52 and a 200 day simple moving average of $91.97. AerCap Holdings has a fifty-two week low of $57.84 and a fifty-two week high of $99.30. The stock has a market capitalization of $19.30 billion, a PE ratio of 6.34, a price-to-earnings-growth ratio of 2.13 and a beta of 1.83. 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 (NYSE:AER - Get Free Report) last issued its earnings results on Thursday, August 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.60. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.89 billion. AerCap had a net margin of 42.02% and a return on equity of 15.12%. AerCap's revenue was up 1.8% on a year-over-year basis. During the same period last year, the business posted $2.56 EPS. Analysts predict that AerCap Holdings will post 11.33 EPS for the current fiscal year.

AerCap Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Wednesday, August 14th. AerCap's dividend payout ratio (DPR) is presently 6.51%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AER shares. TD Cowen reaffirmed a "buy" rating and set a $125.00 price target on shares of AerCap in a research report on Monday, July 29th. Susquehanna lifted their price target on shares of AerCap from $100.00 to $108.00 and gave the company a "positive" rating in a research note on Friday, August 2nd. Finally, Barclays boosted their price target on shares of AerCap from $111.00 to $113.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, AerCap currently has a consensus rating of "Moderate Buy" and an average target price of $105.71.

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.