Allspring Global Investments Holdings LLC Decreases Stake in Aercap Holdings N.V. $AER

Allspring Global Investments Holdings LLC cut its holdings in shares of Aercap Holdings N.V. (NYSE:AER) by 21.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,752,876 shares of the financial services provider’s stock after selling 736,336 shares during the period. Aercap comprises about 0.6% of Allspring Global Investments Holdings LLC’s investment portfolio, making the stock its 20th biggest holding. Allspring Global Investments Holdings LLC’s holdings in Aercap were worth $398,148,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AER. Citigroup Inc. increased its stake in shares of Aercap by 12.7% in the third quarter. Citigroup Inc. now owns 176,919 shares of the financial services provider’s stock worth $21,407,000 after buying an additional 19,975 shares during the last quarter. ARGA Investment Management LP boosted its stake in Aercap by 210.8% during the 3rd quarter. ARGA Investment Management LP now owns 31,140 shares of the financial services provider’s stock valued at $3,768,000 after acquiring an additional 21,120 shares during the last quarter. Alberta Investment Management Corp grew its holdings in Aercap by 142.4% during the 3rd quarter. Alberta Investment Management Corp now owns 38,300 shares of the financial services provider’s stock worth $4,634,000 after acquiring an additional 22,500 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Aercap by 13.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 135,992 shares of the financial services provider’s stock worth $16,455,000 after acquiring an additional 16,611 shares in the last quarter. Finally, Todd Asset Management LLC increased its position in shares of Aercap by 1.5% in the 3rd quarter. Todd Asset Management LLC now owns 533,961 shares of the financial services provider’s stock worth $64,610,000 after purchasing an additional 7,813 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AER shares. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Aercap in a research report on Wednesday, January 21st. Barclays upped their price objective on Aercap from $144.00 to $162.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. TD Cowen reaffirmed a “buy” rating on shares of Aercap in a report on Monday, March 16th. Morgan Stanley lifted their price target on shares of Aercap from $150.00 to $160.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft set a $175.00 price objective on shares of Aercap and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $153.38.

Aercap Stock Performance

Shares of AER stock opened at $131.98 on Tuesday. Aercap Holdings N.V. has a 12-month low of $85.57 and a 12-month high of $154.94. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market capitalization of $22.02 billion, a price-to-earnings ratio of 6.18, a price-to-earnings-growth ratio of 1.18 and a beta of 1.01. The business has a 50 day simple moving average of $142.84 and a 200 day simple moving average of $136.30.

Aercap (NYSE:AER) last issued its quarterly earnings data on Saturday, February 7th. The financial services provider reported $3.95 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.64. Aercap had a net margin of 44.04% and a return on equity of 15.11%. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the previous year, the business earned $3.31 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. On average, equities research analysts anticipate that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Wednesday, February 25th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.2%. This is a positive change from Aercap’s previous quarterly dividend of $0.27. The ex-dividend date was Wednesday, February 25th. Aercap’s dividend payout ratio (DPR) is presently 7.50%.

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.