Envestnet Asset Management Inc. reduced its position in shares of Aircastle Limited (NYSE:AYR) by 50.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,034 shares of the transportation company’s stock after selling 28,071 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Aircastle were worth $625,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. KBC Group NV acquired a new stake in Aircastle during the 3rd quarter valued at $685,000. Dimensional Fund Advisors LP raised its stake in Aircastle by 3.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,224,849 shares of the transportation company’s stock valued at $116,461,000 after purchasing an additional 181,292 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Aircastle by 4.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 375,260 shares of the transportation company’s stock valued at $8,365,000 after purchasing an additional 17,082 shares during the period. Campbell & CO Investment Adviser LLC increased its stake in shares of Aircastle by 56.2% in the third quarter. Campbell & CO Investment Adviser LLC now owns 16,802 shares of the transportation company’s stock worth $375,000 after acquiring an additional 6,043 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Aircastle by 4.7% in the third quarter. Wells Fargo & Company MN now owns 126,770 shares of the transportation company’s stock worth $2,826,000 after acquiring an additional 5,650 shares during the last quarter. 61.59% of the stock is currently owned by institutional investors.
Aircastle Limited (NYSE:AYR) traded down $0.36 during trading on Friday, reaching $24.61. 279,732 shares of the company’s stock traded hands, compared to its average volume of 264,676. The firm has a market capitalization of $1,940.00, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 1.53 and a beta of 1.87. Aircastle Limited has a 52-week low of $20.84 and a 52-week high of $25.98.
Aircastle (NYSE:AYR) last posted its earnings results on Thursday, November 2nd. The transportation company reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.15. The firm had revenue of $191.41 million for the quarter, compared to the consensus estimate of $184.02 million. Aircastle had a net margin of 19.48% and a return on equity of 9.18%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 earnings per share. equities analysts expect that Aircastle Limited will post 1.75 earnings per share for the current fiscal year.
The firm also recently announced 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 represents a $1.12 annualized dividend and a yield of 4.55%. This is an increase from Aircastle’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, November 29th. Aircastle’s dividend payout ratio is presently 54.90%.
A number of research firms have recently weighed in on AYR. Citigroup began coverage on shares of Aircastle in a research note on Friday, December 8th. They issued a “neutral” rating and a $25.00 price target on the stock. Credit Suisse Group upped their price target on shares of Aircastle from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Finally, ValuEngine downgraded shares of Aircastle from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $25.11.
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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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