Aircastle Limited (AYR) Shares Bought by Zacks Investment Management
Zacks Investment Management boosted its stake in shares of Aircastle Limited (NYSE:AYR) by 9.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,360 shares of the transportation company’s stock after acquiring an additional 4,995 shares during the period. Zacks Investment Management owned 0.07% of Aircastle Limited worth $1,226,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of AYR. Voya Investment Management LLC increased its holdings in Aircastle Limited by 9.2% in the 2nd quarter. Voya Investment Management LLC now owns 24,093 shares of the transportation company’s stock valued at $524,000 after acquiring an additional 2,024 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Aircastle Limited by 8.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,043,557 shares of the transportation company’s stock worth $109,698,000 after purchasing an additional 413,818 shares in the last quarter. Citadel Advisors LLC lifted its stake in Aircastle Limited by 520.5% in the 2nd quarter. Citadel Advisors LLC now owns 85,623 shares of the transportation company’s stock worth $1,862,000 after purchasing an additional 71,823 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in Aircastle Limited by 11.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 215,056 shares of the transportation company’s stock worth $4,677,000 after purchasing an additional 22,546 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in Aircastle Limited by 26.9% in the 2nd quarter. Nordea Investment Management AB now owns 85,624 shares of the transportation company’s stock worth $1,862,000 after purchasing an additional 18,175 shares in the last quarter. 62.04% of the stock is owned by institutional investors.
Shares of Aircastle Limited (NYSE AYR) opened at 22.29 on Monday. Aircastle Limited has a 12 month low of $18.26 and a 12 month high of $25.98. The stock’s 50 day moving average is $22.22 and its 200 day moving average is $22.58. The stock has a market capitalization of $1.75 billion, a PE ratio of 13.44 and a beta of 1.84.
Aircastle Limited (NYSE:AYR) last announced its quarterly earnings data on Tuesday, August 8th. The transportation company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.58). The company had revenue of $223.53 million for the quarter, compared to analysts’ expectations of $206.10 million. Aircastle Limited had a return on equity of 7.41% and a net margin of 15.75%. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 EPS. Analysts anticipate that Aircastle Limited will post $1.92 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.67%. The ex-dividend date of this dividend was Tuesday, August 29th. Aircastle Limited’s payout ratio is currently 62.65%.
AYR has been the subject of a number of research analyst reports. Zacks Investment Research lowered Aircastle Limited from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Cowen and Company reiterated a “market perform” rating and issued a $26.00 target price (up from $25.00) on shares of Aircastle Limited in a research report on Thursday, August 10th. BidaskClub downgraded Aircastle Limited from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, Barclays PLC assumed coverage on Aircastle Limited in a research note on Monday, July 10th. They set an “equal weight” rating and a $24.00 price target for the company. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Aircastle Limited has a consensus rating of “Hold” and a consensus target price of $24.30.
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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