Victory Capital Management Inc. Buys 1,647 Shares of Aircastle Limited (AYR)
Victory Capital Management Inc. grew its stake in shares of Aircastle Limited (NYSE:AYR) by 8.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 22,032 shares of the transportation company’s stock after acquiring an additional 1,647 shares during the period. Victory Capital Management Inc.’s holdings in Aircastle Limited were worth $479,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in AYR. Teachers Advisors LLC lifted its position in shares of Aircastle Limited by 13.1% during the 4th quarter. Teachers Advisors LLC now owns 84,711 shares of the transportation company’s stock valued at $1,766,000 after acquiring an additional 9,784 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in shares of Aircastle Limited by 23.5% in the first quarter. Nationwide Fund Advisors now owns 59,426 shares of the transportation company’s stock valued at $1,434,000 after purchasing an additional 11,300 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Aircastle Limited by 131.9% in the first quarter. Russell Investments Group Ltd. now owns 18,990 shares of the transportation company’s stock valued at $459,000 after purchasing an additional 10,800 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Aircastle Limited by 3.6% in the first quarter. Wells Fargo & Company MN now owns 107,963 shares of the transportation company’s stock valued at $2,605,000 after purchasing an additional 3,707 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Aircastle Limited by 10.5% in the first quarter. First Trust Advisors LP now owns 164,623 shares of the transportation company’s stock valued at $3,972,000 after purchasing an additional 15,643 shares in the last quarter. Institutional investors own 62.04% of the company’s stock.
AYR has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Aircastle Limited from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Tuesday, July 4th. Barclays PLC initiated coverage on Aircastle Limited in a report on Monday, July 10th. They issued an “equal weight” rating and a $24.00 target price for the company. Cowen and Company restated a “hold” rating and issued a $26.00 target price on shares of Aircastle Limited in a report on Tuesday, September 12th. Wells Fargo & Company restated a “market perform” rating and issued a $24.00 target price (down previously from $26.00) on shares of Aircastle Limited in a report on Thursday, May 25th. Finally, BidaskClub lowered Aircastle Limited from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $24.30.
Aircastle Limited (NYSE:AYR) opened at 21.48 on Tuesday. The stock has a 50 day moving average of $22.27 and a 200-day moving average of $22.60. The firm has a market capitalization of $1.69 billion, a P/E ratio of 12.96 and a beta of 1.83. Aircastle Limited has a 1-year low of $18.26 and a 1-year high of $25.98.
Aircastle Limited (NYSE:AYR) last announced its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.58). The firm had revenue of $223.53 million for the quarter, compared to the consensus estimate of $206.10 million. Aircastle Limited had a return on equity of 7.41% and a net margin of 15.75%. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.31 earnings per share. On average, equities research analysts anticipate that Aircastle Limited will post $1.92 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.84%. Aircastle Limited’s dividend payout ratio is 62.65%.
Aircastle Limited Profile
Aircastle Limited is a holding company. The Company, through its subsidiaries, acquires, leases and sells commercial jet aircrafts to airlines. The Company is engaged in financing and managing commercial flight equipment. The Company manages its aircrafts in the United States, Ireland and Singapore. As of December 31, 2016, the Company owned and managed on behalf of its joint ventures 206 aircrafts leased to 71 lessees located in 36 countries.
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