Aircastle Ltd. (AYR) Insider Joseph Schreiner Sells 7,500 Shares
Aircastle Ltd. (NYSE:AYR) insider Joseph Schreiner sold 7,500 shares of the firm’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $22.35, for a total value of $167,625.00. Following the transaction, the insider now owns 27,708 shares in the company, valued at $619,273.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Joseph Schreiner also recently made the following trade(s):
- On Wednesday, September 7th, Joseph Schreiner sold 4,998 shares of Aircastle stock. The shares were sold at an average price of $21.77, for a total value of $108,806.46.
- On Tuesday, August 23rd, Joseph Schreiner sold 100 shares of Aircastle stock. The shares were sold at an average price of $21.99, for a total value of $2,199.00.
Aircastle Ltd. (NYSE:AYR) opened at 22.62 on Tuesday. Aircastle Ltd. has a 12-month low of $15.06 and a 12-month high of $22.95. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 13.42 and a beta of 1.65. The company’s 50-day moving average price is $20.24 and its 200-day moving average price is $20.84.
Aircastle (NYSE:AYR) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.05. The company earned $194.70 million during the quarter, compared to analyst estimates of $189.93 million. Aircastle had a net margin of 17.25% and a return on equity of 8.02%. Aircastle’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.12) EPS. Equities analysts expect that Aircastle Ltd. will post $1.77 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Tuesday, November 29th will be paid a $0.26 dividend. This is a positive change from Aircastle’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, November 25th. This represents a $1.04 annualized dividend and a yield of 4.60%. Aircastle’s payout ratio is currently 56.80%.
A number of equities research analysts have issued reports on AYR shares. FBR & Co reiterated a “hold” rating and issued a $23.00 target price on shares of Aircastle in a research note on Monday, September 19th. TheStreet cut Aircastle from a “buy” rating to a “hold” rating in a research note on Tuesday, September 6th. Zacks Investment Research cut Aircastle from a “hold” rating to a “sell” rating in a research note on Tuesday, August 9th. Stephens initiated coverage on Aircastle in a research note on Tuesday, November 1st. They issued an “underweight” rating and a $20.00 target price on the stock. Finally, DA Davidson reissued a “buy” rating and set a $24.00 price target on shares of Aircastle in a report on Wednesday, November 9th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. Aircastle currently has an average rating of “Hold” and a consensus target price of $23.00.
A number of hedge funds have recently made changes to their positions in AYR. Creative Planning raised its stake in shares of Aircastle by 21.1% in the third quarter. Creative Planning now owns 6,053 shares of the company’s stock valued at $120,000 after buying an additional 1,053 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Aircastle by 78.6% in the second quarter. BNP Paribas Arbitrage SA now owns 6,179 shares of the company’s stock worth $121,000 after buying an additional 2,720 shares in the last quarter. Teacher Retirement System of Texas raised its position in Aircastle by 3.6% in the second quarter. Teacher Retirement System of Texas now owns 8,268 shares of the company’s stock worth $162,000 after buying an additional 288 shares in the last quarter. Farmers National Bank acquired a new position in Aircastle during the second quarter worth approximately $163,000. Finally, Suntrust Banks Inc. raised its position in Aircastle by 6.3% in the second quarter. Suntrust Banks Inc. now owns 10,109 shares of the company’s stock worth $197,000 after buying an additional 596 shares in the last quarter. 65.38% of the stock is currently owned by institutional investors and hedge funds.
Aircastle Company Profile
Aircastle Limited is a holding company. The Company, through its subsidiaries, is engaged in investing in aviation assets, including acquiring, leasing, managing and selling utility commercial jet aircraft. The Company operates through leasing, financing, selling and managing commercial flight equipment segment.
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