Allspring Global Investments Holdings LLC Sells 543,366 Shares of AerCap Holdings (NYSE:AER)

Allspring Global Investments Holdings LLC lessened its holdings in shares of AerCap Holdings (NYSE:AER - Free Report) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,130,432 shares of the financial services provider's stock after selling 543,366 shares during the period. AerCap accounts for 1.0% of Allspring Global Investments Holdings LLC's holdings, making the stock its 6th biggest holding. Allspring Global Investments Holdings LLC owned about 3.87% of AerCap worth $604,254,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AER. BlackRock Inc. raised its stake in AerCap by 90.7% during the first quarter. BlackRock Inc. now owns 5,767,535 shares of the financial services provider's stock worth $289,992,000 after buying an additional 2,743,035 shares during the last quarter. Wellington Management Group LLP raised its stake in AerCap by 9.9% during the third quarter. Wellington Management Group LLP now owns 21,028,200 shares of the financial services provider's stock worth $1,317,837,000 after buying an additional 1,901,459 shares during the last quarter. 59 North Capital Management LP raised its stake in AerCap by 123.7% during the third quarter. 59 North Capital Management LP now owns 2,872,302 shares of the financial services provider's stock worth $180,007,000 after buying an additional 1,588,196 shares during the last quarter. Norges Bank bought a new position in AerCap during the fourth quarter worth $70,546,000. Finally, State Street Corp raised its stake in AerCap by 112.8% during the first quarter. State Street Corp now owns 2,155,846 shares of the financial services provider's stock worth $108,396,000 after buying an additional 1,142,547 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company's stock.

AerCap Stock Down 0.4 %

Shares of NYSE:AER traded down $0.36 during midday trading on Monday, hitting $87.02. 816,938 shares of the company's stock were exchanged, compared to its average volume of 1,582,025. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a 50 day moving average price of $81.23 and a 200-day moving average price of $72.55. The company has a market cap of $17.22 billion, a PE ratio of 6.15, a price-to-earnings-growth ratio of 2.78 and a beta of 1.85. AerCap Holdings has a 12 month low of $53.42 and a 12 month high of $88.44.

AerCap (NYSE:AER - Get Free Report) last released its quarterly earnings results on Friday, February 23rd. The financial services provider reported $3.11 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.67. AerCap had a net margin of 41.37% and a return on equity of 14.92%. The business had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the previous year, the company earned $2.66 earnings per share. The firm's revenue for the quarter was up 3.8% compared to the same quarter last year. On average, sell-side analysts anticipate that AerCap Holdings will post 9.88 EPS for the current fiscal year.

Analysts Set New Price Targets

AER has been the subject of a number of analyst reports. TD Cowen reissued a "buy" rating and set a $85.00 target price on shares of AerCap in a research note on Tuesday, February 27th. Susquehanna lifted their price target on shares of AerCap from $80.00 to $90.00 and gave the company a "positive" rating in a research note on Monday, February 26th. BMO Capital Markets decreased their price target on shares of AerCap from $103.00 to $101.00 and set an "outperform" rating for the company in a research note on Monday, February 26th. Finally, Barclays lifted their price target on shares of AerCap from $84.00 to $93.00 and gave the company an "overweight" rating in a research note on Monday, February 26th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $87.71.

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.

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