People s United Financial Inc. Holds Stake in Aircastle Limited (AYR)
People s United Financial Inc. maintained its position in shares of Aircastle Limited (NYSE:AYR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,345 shares of the transportation company’s stock at the close of the 2nd quarter. People s United Financial Inc.’s holdings in Aircastle Limited were worth $551,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Aircastle Limited by 3.2% in the first quarter. Vanguard Group Inc. now owns 5,629,041 shares of the transportation company’s stock valued at $135,829,000 after purchasing an additional 176,874 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Aircastle Limited by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 5,043,557 shares of the transportation company’s stock valued at $109,698,000 after purchasing an additional 413,818 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Aircastle Limited by 36.0% in the second quarter. Northern Trust Corp now owns 2,021,880 shares of the transportation company’s stock valued at $43,976,000 after purchasing an additional 535,106 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Aircastle Limited by 3.0% in the second quarter. Advisors Asset Management Inc. now owns 1,309,952 shares of the transportation company’s stock valued at $28,491,000 after purchasing an additional 38,690 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Aircastle Limited by 4.8% in the first quarter. State Street Corp now owns 1,080,807 shares of the transportation company’s stock valued at $26,079,000 after purchasing an additional 49,617 shares during the last quarter. 62.04% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on AYR shares. Zacks Investment Research raised Aircastle Limited from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday, July 4th. Barclays PLC started coverage on Aircastle Limited in a report on Monday, July 10th. They issued an “equal weight” rating and a $24.00 price target for the company. Cowen and Company reaffirmed a “hold” rating and issued a $26.00 price target on shares of Aircastle Limited in a report on Tuesday, September 12th. Finally, BidaskClub cut 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 issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $24.30.
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Shares of Aircastle Limited (AYR) opened at 22.82 on Friday. The firm’s 50-day moving average price is $21.95 and its 200 day moving average price is $22.49. The firm has a market cap of $1.80 billion, a PE ratio of 13.76 and a beta of 1.84. Aircastle Limited has a 1-year low of $18.26 and a 1-year high of $25.98.
Aircastle Limited (NYSE:AYR) last issued 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). Aircastle Limited had a return on equity of 7.41% and a net margin of 15.75%. The business had revenue of $223.53 million for the quarter, compared to analysts’ expectations of $206.10 million. During the same period in the prior year, the company earned $0.31 EPS. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. On average, equities research analysts forecast that Aircastle Limited will post $1.92 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend was Tuesday, August 29th. Aircastle Limited’s dividend payout ratio is presently 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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