LSV Asset Management Sells 3,800 Shares of Aircastle Ltd. (AYR)
LSV Asset Management reduced its stake in Aircastle Ltd. (NYSE:AYR) by 0.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,901,091 shares of the company’s stock after selling 3,800 shares during the period. LSV Asset Management owned approximately 4.96% of Aircastle worth $77,475,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Foundry Partners LLC raised its stake in Aircastle by 6.2% in the third quarter. Foundry Partners LLC now owns 566,623 shares of the company’s stock valued at $11,253,000 after buying an additional 33,251 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Aircastle by 5.2% in the first quarter. Envestnet Asset Management Inc. now owns 59,740 shares of the company’s stock valued at $1,329,000 after buying an additional 2,938 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in Aircastle during the second quarter valued at approximately $348,000. Blair William & Co. IL raised its stake in Aircastle by 5.8% in the second quarter. Blair William & Co. IL now owns 32,872 shares of the company’s stock valued at $643,000 after buying an additional 1,805 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in Aircastle by 30.6% in the second quarter. Advisors Asset Management Inc. now owns 952,580 shares of the company’s stock valued at $18,632,000 after buying an additional 223,015 shares in the last quarter. Institutional investors and hedge funds own 64.54% of the company’s stock.
Shares of Aircastle Ltd. (NYSE:AYR) opened at 21.68 on Wednesday. Aircastle Ltd. has a 52 week low of $15.06 and a 52 week high of $22.99. The firm has a 50 day moving average price of $21.00 and a 200-day moving average price of $20.88. The firm has a market capitalization of $1.70 billion, a P/E ratio of 12.86 and a beta of 1.65.
Aircastle (NYSE:AYR) last released its earnings results on Tuesday, November 1st. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ 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%. The company’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.12) EPS. Equities research analysts predict that Aircastle Ltd. will post $1.75 EPS for the current fiscal year.
The firm 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. The ex-dividend date of this dividend is Friday, November 25th. This is an increase from Aircastle’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.80%. Aircastle’s payout ratio is 61.54%.
A number of research analysts have recently issued reports on the company. TheStreet lowered Aircastle from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th. Stephens assumed coverage on Aircastle in a research report on Tuesday, November 1st. They set an “underweight” rating and a $20.00 target price on the stock. FBR & Co reiterated a “hold” rating and set a $23.00 target price on shares of Aircastle in a research report on Monday, September 19th. Zacks Investment Research upgraded Aircastle from a “sell” rating to a “hold” rating in a research report on Thursday, November 10th. Finally, DA Davidson reiterated a “buy” rating and set a $24.00 target price on shares of Aircastle in a research report on Wednesday, November 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $23.00.
In related news, insider Joseph Schreiner sold 7,500 shares of Aircastle stock in a transaction that occurred 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 sale, the insider now directly owns 27,708 shares in the company, valued at $619,273.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.70% of the stock is owned by corporate insiders.
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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