Allspring Global Investments Holdings LLC Cuts Position in Aercap Holdings N.V. $AER

Key Points

• Allspring Global Investments Holdings LLC has reduced its stake in Aercap Holdings N.V. by 21.8%, owning 4,637,607 shares following the sale of 1,292,233 shares in the second quarter of 2023.
• Recent price target upgrades from analysts indicate a positive outlook, with Barclays raising their target from $115 to $131 and Morgan Stanley adjusting theirs from $111 to $120.
• Aercap announced a quarterly dividend of $0.27 per share, with a dividend yield of 0.9% and a payout ratio of 6.72% for the latest fiscal year.

Allspring Global Investments Holdings LLC decreased its stake in Aercap Holdings N.V. (NYSE:AER - Free Report) by 21.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,637,607 shares of the financial services provider's stock after selling 1,292,233 shares during the period. Aercap accounts for 0.9% of Allspring Global Investments Holdings LLC's portfolio, making the stock its 7th largest position. Allspring Global Investments Holdings LLC owned approximately 2.48% of Aercap worth $536,015,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in AER. Fifth Third Bancorp lifted its holdings in shares of Aercap by 3.2% in the 1st quarter. Fifth Third Bancorp now owns 7,753 shares of the financial services provider's stock worth $792,000 after purchasing an additional 239 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in shares of Aercap by 22.7% in the 1st quarter. Ritholtz Wealth Management now owns 11,676 shares of the financial services provider's stock worth $1,193,000 after purchasing an additional 2,160 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Aercap by 2.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 458,493 shares of the financial services provider's stock worth $46,844,000 after purchasing an additional 9,284 shares during the last quarter. Insigneo Advisory Services LLC bought a new stake in shares of Aercap in the 1st quarter worth approximately $222,000. Finally, Blue Trust Inc. lifted its holdings in shares of Aercap by 42.2% in the 1st quarter. Blue Trust Inc. now owns 1,318 shares of the financial services provider's stock worth $135,000 after purchasing an additional 391 shares during the last quarter. Institutional investors own 96.42% of the company's stock.

Analysts Set New Price Targets

AER has been the topic of several recent research reports. Barclays raised their price target on Aercap from $115.00 to $131.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Morgan Stanley raised their target price on Aercap from $111.00 to $120.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Weiss Ratings restated a "buy (b+)" rating on shares of Aercap in a research report on Wednesday, October 8th. Finally, Susquehanna raised their target price on Aercap from $130.00 to $134.00 and gave the company a "positive" rating in a research report on Wednesday, August 13th. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $122.57.

Aercap Stock Down 0.5%

Shares of AER stock opened at $120.90 on Monday. Aercap Holdings N.V. has a 1 year low of $85.57 and a 1 year high of $126.27. The stock has a market cap of $22.58 billion, a PE ratio of 7.52, a price-to-earnings-growth ratio of 2.42 and a beta of 1.40. The business's fifty day moving average is $119.58 and its 200-day moving average is $112.67. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.44 and a current ratio of 0.44.

Aercap (NYSE:AER - Get Free Report) last issued 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. Aercap had a return on equity of 13.13% and a net margin of 36.93%.The company had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $2.03 billion. During the same period last year, the firm earned $3.01 EPS. The firm's revenue for the quarter was down 3.6% on a year-over-year basis. Aercap has set its FY 2025 guidance at 11.600-11.600 EPS. Equities analysts expect that Aercap Holdings N.V. will post 11.29 earnings per share 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 given a dividend of $0.27 per share. The ex-dividend date was Wednesday, August 13th. This represents a $1.08 annualized dividend and a dividend yield of 0.9%. Aercap's dividend payout ratio (DPR) is 6.72%.

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.

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