Bank of New York Mellon Corp Has $5.25 Million Holdings in Aircastle Limited (AYR)
Bank of New York Mellon Corp boosted its holdings in Aircastle Limited (NYSE:AYR) by 1.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 241,414 shares of the transportation company’s stock after purchasing an additional 3,957 shares during the quarter. Bank of New York Mellon Corp owned 0.31% of Aircastle Limited worth $5,252,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the business. Clearbridge Investments LLC raised its stake in Aircastle Limited by 1.4% in the 1st quarter. Clearbridge Investments LLC now owns 13,616 shares of the transportation company’s stock worth $329,000 after purchasing an additional 189 shares in the last quarter. Blair William & Co. IL raised its stake in Aircastle Limited by 2.6% in the 1st quarter. Blair William & Co. IL now owns 34,002 shares of the transportation company’s stock worth $820,000 after purchasing an additional 854 shares in the last quarter. Affinity Investment Advisors LLC raised its stake in Aircastle Limited by 13.5% in the 2nd quarter. Affinity Investment Advisors LLC now owns 11,015 shares of the transportation company’s stock worth $240,000 after purchasing an additional 1,311 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Aircastle Limited by 9.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 20,812 shares of the transportation company’s stock worth $453,000 after purchasing an additional 1,822 shares in the last quarter. Finally, American International Group Inc. raised its stake in Aircastle Limited by 7.1% in the 1st quarter. American International Group Inc. now owns 29,397 shares of the transportation company’s stock worth $709,000 after purchasing an additional 1,938 shares in the last quarter. Institutional investors and hedge funds own 62.04% of the company’s stock.
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Several analysts have weighed in on AYR shares. BidaskClub cut shares of Aircastle Limited from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Barclays PLC started coverage on shares of Aircastle Limited in a research note on Monday, July 10th. They issued an “equal weight” rating and a $24.00 price objective for the company. Zacks Investment Research cut shares of Aircastle Limited from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $26.00 price objective (up previously from $25.00) on shares of Aircastle Limited in a research note on Thursday, August 10th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $24.30.
Aircastle Limited (AYR) opened at 22.86 on Thursday. Aircastle Limited has a 52-week low of $18.26 and a 52-week high of $25.98. The firm has a market capitalization of $1.80 billion, a PE ratio of 13.79 and a beta of 1.84. The company’s 50-day moving average is $21.94 and its 200-day moving average is $22.48.
Aircastle Limited (NYSE:AYR) last announced its 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 company had revenue of $223.53 million during the quarter, compared to analysts’ expectations of $206.10 million. Aircastle Limited had a net margin of 15.75% and a return on equity of 7.41%. 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. Analysts forecast that Aircastle Limited will post $1.92 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend was Tuesday, August 29th. Aircastle Limited’s dividend payout ratio is currently 62.65%.
Aircastle Limited Company 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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