Allspring Global Investments Holdings LLC Has $337.31 Million Stake in Aercap Holdings N.V. $AER

Allspring Global Investments Holdings LLC trimmed its stake in Aercap Holdings N.V. (NYSE:AER) by 12.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,410,032 shares of the financial services provider’s stock after selling 342,844 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Aercap were worth $337,308,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Integrated Wealth Concepts LLC boosted its position in Aercap by 19.0% in the first quarter. Integrated Wealth Concepts LLC now owns 2,649 shares of the financial services provider’s stock valued at $271,000 after buying an additional 423 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Aercap by 282.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,659 shares of the financial services provider’s stock worth $680,000 after purchasing an additional 4,919 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Aercap by 26.6% during the first 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 in the last quarter. Invesco Ltd. grew its stake in shares of Aercap by 43.3% during the second quarter. Invesco Ltd. now owns 459,459 shares of the financial services provider’s stock valued at $53,757,000 after purchasing an additional 138,843 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Aercap by 59.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,143 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 425 shares during the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AER shares. Truist Financial raised their price target on shares of Aercap from $161.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Susquehanna increased their price objective on Aercap from $170.00 to $176.00 and gave the company a “positive” rating in a research report on Tuesday, July 7th. Barclays increased their price objective on Aercap from $164.00 to $179.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Weiss Ratings upgraded Aercap from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. boosted their target price on Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $168.12.

Aercap Trading Down 0.4%

NYSE AER opened at $147.17 on Friday. The firm has a market cap of $24.56 billion, a P/E ratio of 6.45, a P/E/G ratio of 1.03 and a beta of 0.94. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24. The stock’s 50-day moving average is $143.15 and its 200-day moving average is $143.12. Aercap Holdings N.V. has a one year low of $105.65 and a one year high of $155.99.

Aercap (NYSE:AER) last issued its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share (EPS) for the quarter. The company had revenue of $2.30 billion during the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. Sell-side analysts anticipate that Aercap Holdings N.V. will post 17.34 earnings per share for the current fiscal year.

Aercap Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 13th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Wednesday, May 13th. Aercap’s dividend payout ratio (DPR) is currently 7.01%.

Aercap declared that its Board of Directors has approved a share repurchase plan on Wednesday, April 29th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Aercap Company 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.