AerCap Holdings N.V. $AER Stake Boosted by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments increased its AerCap stake by 0.4%, adding 10,061 shares and ending the quarter with about 2.52 million shares worth $362.1 million. Institutional investors and hedge funds collectively own 96.42% of the company.
• AerCap reported quarterly EPS of $6.56, beating the $4.56 consensus estimate, while revenue of $2.42 billion also exceeded expectations and rose 4.6% year over year.
• Analysts’ consensus rating is Buy, with an average price target of $185.88. AerCap also declared a quarterly dividend of $0.40 per share, equivalent to a 0.9% annualized yield.

Allspring Global Investments Holdings LLC boosted its holdings in shares of AerCap Holdings N.V. (NYSE:AER - Free Report) by 0.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,515,928 shares of the financial services provider's stock after buying an additional 10,061 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 1.51% of AerCap worth $362,118,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AER. Groupe la Francaise raised its stake in AerCap by 221.4% in the 1st quarter. Groupe la Francaise now owns 180 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 124 shares during the period. Livelsberger Financial Advisory bought a new position in AerCap during the third quarter worth $27,000. Signature Equity Partners LLC boosted its position in AerCap by 68.0% during the third quarter. Signature Equity Partners LLC now owns 210 shares of the financial services provider's stock worth $30,000 after purchasing an additional 85 shares during the period. Trust Co. of Vermont bought a new position in AerCap during the second quarter worth $38,000. Finally, Mather Group LLC. increased its holdings in shares of AerCap by 75.0% in the third quarter. Mather Group LLC. now owns 392 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 168 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company's stock.

AerCap Stock Down 0.2%

AER stock opened at $169.31 on Monday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.41 and a quick ratio of 0.41. The stock has a market capitalization of $28.26 billion, a price-to-earnings ratio of 8.68, a PEG ratio of 0.57 and a beta of 0.99. The business's fifty day moving average price is $147.49 and its two-hundred day moving average price is $145.16. AerCap Holdings N.V. has a fifty-two week low of $129.85 and a fifty-two week high of $170.58.

AerCap (NYSE:AER - Get Free Report) last announced its earnings results on Wednesday, October 28th. The financial services provider reported $6.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.56 by $2.00. AerCap had a net margin of 34.47% and a return on equity of 18.26%. The company had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.15 billion. During the same quarter in the previous year, the business posted $4.97 earnings per share. AerCap's quarterly revenue was up 4.6% on a year-over-year basis. On average, equities analysts anticipate that AerCap Holdings N.V. will post 22.30 earnings per share for the current year.

AerCap Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Wednesday, November 11th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. AerCap's dividend payout ratio is currently 8.20%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AER. TD Cowen increased their price objective on shares of AerCap from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Thursday, October 29th. Zacks Research upgraded shares of AerCap from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 2nd. Barclays lifted their target price on shares of AerCap from $179.00 to $181.00 and gave the stock an "overweight" rating in a report on Thursday, October 29th. Morgan Stanley upped their price target on shares of AerCap from $165.00 to $175.00 and gave the company an "equal weight" rating in a research note on Thursday, October 29th. Finally, Truist Financial upped their price target on shares of AerCap from $180.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $185.88.

About AerCap

AerCap Holdings N.V. is a global aviation leasing company headquartered in Dublin, Ireland, and listed on the New York Stock Exchange under the symbol AER. Through its subsidiaries, AerCap owns, manages and leases commercial aircraft, engines and helicopters to airlines and other aviation customers worldwide.

The company provides operating leases, finance leases, aircraft trading and asset management services. Its fleet portfolio includes aircraft from major manufacturers such as Airbus and Boeing, as well as engines and helicopters.

Want to see what other hedge funds are holding AER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AerCap Holdings N.V. (NYSE:AER - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.