Aercap Holdings N.V. (NYSE:AER) Stake Decreased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in Aercap Holdings N.V. (NYSE:AER - Free Report) by 1.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,929,840 shares of the financial services provider's stock after selling 81,796 shares during the quarter. Aercap accounts for about 1.1% of Allspring Global Investments Holdings LLC's investment portfolio, making the stock its 6th largest position. Allspring Global Investments Holdings LLC owned approximately 3.17% of Aercap worth $606,860,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AER. Rhumbline Advisers boosted its holdings in shares of Aercap by 4.5% in the fourth quarter. Rhumbline Advisers now owns 51,349 shares of the financial services provider's stock worth $4,914,000 after buying an additional 2,196 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Aercap by 2.1% in the fourth quarter. Principal Financial Group Inc. now owns 15,857 shares of the financial services provider's stock worth $1,518,000 after buying an additional 323 shares during the last quarter. Ieq Capital LLC boosted its holdings in shares of Aercap by 19.7% in the fourth quarter. Ieq Capital LLC now owns 2,830 shares of the financial services provider's stock worth $271,000 after buying an additional 466 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Aercap by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 446,303 shares of the financial services provider's stock worth $42,711,000 after buying an additional 4,222 shares during the last quarter. Finally, New York Life Investment Management LLC boosted its holdings in shares of Aercap by 25.2% in the fourth quarter. New York Life Investment Management LLC now owns 4,430 shares of the financial services provider's stock worth $424,000 after buying an additional 891 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company's stock.

Aercap Price Performance

Shares of Aercap stock traded up $1.62 on Friday, hitting $117.35. 1,112,681 shares of the company traded hands, compared to its average volume of 1,353,331. The stock has a market capitalization of $21.92 billion, a P/E ratio of 10.41, a price-to-earnings-growth ratio of 2.39 and a beta of 1.39. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.21 and a current ratio of 0.21. Aercap Holdings N.V. has a 52 week low of $82.21 and a 52 week high of $118.07. The business has a 50-day simple moving average of $111.54 and a 200 day simple moving average of $102.50.

Aercap (NYSE:AER - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.99. The firm had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $2.01 billion. Aercap had a net margin of 26.53% and a return on equity of 13.84%. The company's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $3.29 earnings per share. Research analysts expect that Aercap Holdings N.V. will post 11.29 earnings per share for the current fiscal year.

Aercap Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Wednesday, May 14th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Wednesday, May 14th. Aercap's payout ratio is 9.58%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AER shares. JPMorgan Chase & Co. lifted their price target on shares of Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Morgan Stanley lifted their price target on shares of Aercap from $101.00 to $111.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Susquehanna lifted their price target on shares of Aercap from $120.00 to $130.00 and gave the company a "positive" rating in a report on Tuesday, May 13th. UBS Group downgraded shares of Aercap to an "underperform" rating in a report on Friday, March 7th. Finally, Bank of America lifted their price target on shares of Aercap from $105.00 to $125.00 and gave the company a "buy" rating in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $119.25.

Aercap Profile

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.