Allspring Global Investments Holdings LLC cut its stake in AerCap Holdings (NYSE:AER - Free Report) by 4.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,215,947 shares of the financial services provider's stock after selling 260,963 shares during the quarter. AerCap makes up approximately 0.9% of Allspring Global Investments Holdings LLC's investment portfolio, making the stock its 8th largest position. Allspring Global Investments Holdings LLC owned approximately 3.14% of AerCap worth $588,774,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of AER. Castle Hook Partners LP purchased a new position in shares of AerCap during the 1st quarter worth $94,062,000. Point72 Asset Management L.P. grew its stake in AerCap by 182.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 663,587 shares of the financial services provider's stock worth $61,846,000 after buying an additional 428,487 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in shares of AerCap by 3,568.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 427,756 shares of the financial services provider's stock valued at $40,517,000 after purchasing an additional 416,096 shares during the last quarter. Davidson Kempner Capital Management LP acquired a new stake in shares of AerCap in the 2nd quarter valued at approximately $31,688,000. Finally, Kinetic Partners Management LP acquired a new stake in shares of AerCap in the 1st quarter valued at approximately $26,151,000. 96.42% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently commented on the company. Barclays lifted their price objective on AerCap from $111.00 to $113.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Susquehanna upped their price objective on AerCap from $100.00 to $108.00 and gave the company a "positive" rating in a research note on Friday, August 2nd. Finally, TD Cowen reiterated a "buy" rating and set a $125.00 price target on shares of AerCap in a research report on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, AerCap has an average rating of "Moderate Buy" and an average price target of $105.71.
Check Out Our Latest Stock Analysis on AerCap
AerCap stock traded down $0.48 during mid-day trading on Friday, hitting $97.49. 844,782 shares of the company's stock were exchanged, compared to its average volume of 1,472,524. The stock has a market cap of $19.30 billion, a P/E ratio of 6.34, a P/E/G ratio of 2.13 and a beta of 1.83. The stock has a 50 day moving average of $94.52 and a two-hundred day moving average of $91.94. AerCap Holdings has a 1-year low of $57.84 and a 1-year high of $99.30. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 2.69.
AerCap (NYSE:AER - Get Free Report) last released its earnings results on Thursday, August 1st. The financial services provider reported $3.01 earnings per share for the quarter, topping analysts' consensus estimates of $2.41 by $0.60. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.89 billion. AerCap had a return on equity of 15.12% and a net margin of 42.02%. The firm's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the business earned $2.56 earnings per share. As a group, analysts anticipate that AerCap Holdings will post 11.33 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 14th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Wednesday, August 14th. AerCap's dividend payout ratio is currently 6.51%.
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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