Allspring Global Investments Holdings LLC Has $579.29 Million Stock Holdings in AerCap Holdings (NYSE:AER)

Allspring Global Investments Holdings LLC lowered its stake in AerCap Holdings (NYSE:AER) by 3.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,011,636 shares of the financial services provider’s stock after selling 204,311 shares during the period. AerCap makes up 0.9% of Allspring Global Investments Holdings LLC’s portfolio, making the stock its 8th largest holding. Allspring Global Investments Holdings LLC owned 3.04% of AerCap worth $579,291,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. increased its holdings in shares of AerCap by 59.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 17,875 shares of the financial services provider’s stock worth $1,686,000 after purchasing an additional 6,654 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of AerCap by 2.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,077 shares of the financial services provider’s stock worth $1,807,000 after purchasing an additional 451 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of AerCap by 66.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 279,803 shares of the financial services provider’s stock worth $26,503,000 after purchasing an additional 112,084 shares in the last quarter. KBC Group NV increased its position in shares of AerCap by 18.7% in the third quarter. KBC Group NV now owns 350,888 shares of the financial services provider’s stock worth $33,236,000 after purchasing an additional 55,213 shares during the period. Finally, Summit Global Investments acquired a new position in AerCap in the third quarter valued at about $667,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $119.00 price objective on shares of AerCap in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft increased their price target on shares of AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $112.00.

AerCap Stock Up 0.8 %

Shares of NYSE AER opened at $97.65 on Wednesday. The company has a market cap of $19.33 billion, a price-to-earnings ratio of 7.74, a PEG ratio of 2.13 and a beta of 1.81. 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 Holdings has a 12 month low of $75.83 and a 12 month high of $100.81. The stock has a 50-day moving average price of $95.68 and a two-hundred day moving average price of $95.12.

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.