Allspring Global Investments Holdings LLC Sells 1,292,233 Shares of Aercap Holdings N.V. $AER

Allspring Global Investments Holdings LLC trimmed its stake in Aercap Holdings N.V. (NYSE:AER) by 21.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,637,607 shares of the financial services provider’s stock after selling 1,292,233 shares during the quarter. Aercap makes up 0.9% of Allspring Global Investments Holdings LLC’s holdings, making the stock its 7th largest holding. Allspring Global Investments Holdings LLC’s holdings in Aercap were worth $536,015,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of AER. Mather Group LLC. grew its holdings in shares of Aercap by 230.1% in the 1st quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 214 shares during the last quarter. Quarry LP acquired a new position in shares of Aercap in the 1st quarter worth $37,000. Geneos Wealth Management Inc. grew its holdings in shares of Aercap by 26.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 94 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of Aercap in the 1st quarter worth $64,000. Finally, Blue Trust Inc. increased its position in shares of Aercap by 42.2% in the first quarter. Blue Trust Inc. now owns 1,318 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 391 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AER. Susquehanna upped their price target on shares of Aercap from $130.00 to $134.00 and gave the company a “positive” rating in a research report on Wednesday, August 13th. Morgan Stanley boosted their target price on shares of Aercap from $111.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, July 17th. Barclays increased their target price on Aercap from $115.00 to $131.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Aercap in a report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $122.57.

Aercap Trading Down 0.5%

Aercap stock opened at $120.90 on Monday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 2.57. Aercap Holdings N.V. has a 12 month low of $85.57 and a 12 month high of $126.27. The company’s fifty day simple moving average is $119.58 and its 200-day simple moving average is $112.67. The stock has a market cap of $22.58 billion, a P/E ratio of 7.52, a P/E/G ratio of 2.42 and a beta of 1.40.

Aercap (NYSE:AER) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $0.08. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $2.03 billion. Aercap had a return on equity of 13.13% and a net margin of 36.93%.The firm’s revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.01 EPS. Aercap has set its FY 2025 guidance at 11.600-11.600 EPS. As a group, sell-side analysts forecast that Aercap Holdings N.V. will post 11.29 EPS for the current fiscal year.

Aercap Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Wednesday, August 13th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Wednesday, August 13th. Aercap’s payout ratio is currently 6.72%.

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.