Allianz Asset Management GmbH reduced its stake in Aircastle Limited (NYSE:AYR) by 31.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 395,729 shares of the transportation company’s stock after selling 180,794 shares during the period. Allianz Asset Management GmbH owned approximately 0.50% of Aircastle worth $8,821,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AYR. Northern Trust Corp boosted its holdings in shares of Aircastle by 36.0% in the second quarter. Northern Trust Corp now owns 2,021,880 shares of the transportation company’s stock worth $43,976,000 after acquiring an additional 535,106 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Aircastle by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 5,043,557 shares of the transportation company’s stock worth $109,698,000 after acquiring an additional 413,818 shares during the period. Citadel Advisors LLC boosted its holdings in shares of Aircastle by 307.2% in the third quarter. Citadel Advisors LLC now owns 348,637 shares of the transportation company’s stock worth $7,771,000 after acquiring an additional 263,014 shares during the period. Dean Capital Management bought a new position in shares of Aircastle in the second quarter worth $3,578,000. Finally, State Street Corp boosted its holdings in shares of Aircastle by 6.7% in the second quarter. State Street Corp now owns 1,152,919 shares of the transportation company’s stock worth $25,075,000 after acquiring an additional 72,112 shares during the period. 61.59% of the stock is owned by hedge funds and other institutional investors.

Shares of Aircastle Limited (NYSE:AYR) opened at $23.51 on Monday. Aircastle Limited has a 12-month low of $20.50 and a 12-month high of $25.98. The stock has a market capitalization of $1,850.43, a price-to-earnings ratio of 10.93, a P/E/G ratio of 1.98 and a beta of 1.86.

Aircastle (NYSE:AYR) last issued its quarterly earnings data on Thursday, November 2nd. The transportation company reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.15. Aircastle had a return on equity of 9.18% and a net margin of 19.48%. The company had revenue of $191.41 million for the quarter, compared to the consensus estimate of $184.02 million. During the same quarter last year, the business posted $0.38 earnings per share. The firm’s revenue was down 1.7% compared to the same quarter last year. analysts expect that Aircastle Limited will post 1.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were given a dividend of $0.28 per share. This is an increase from Aircastle’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $1.12 dividend on an annualized basis and a yield of 4.76%. Aircastle’s dividend payout ratio (DPR) is presently 54.90%.

A number of equities research analysts recently issued reports on AYR shares. Cowen reiterated a “hold” rating and issued a $26.00 price objective on shares of Aircastle in a research report on Tuesday, September 12th. Credit Suisse Group increased their price objective on Aircastle from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. ValuEngine downgraded Aircastle from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 6th. Finally, Citigroup started coverage on Aircastle in a research report on Friday, December 8th. They issued a “neutral” rating and a $25.00 price objective on the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $25.00.

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About Aircastle

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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Institutional Ownership by Quarter for Aircastle (NYSE:AYR)

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