Teacher Retirement System of Texas bought a new position in shares of Aircastle Limited (NYSE:AYR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 18,921 shares of the transportation company’s stock, valued at approximately $443,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. California Public Employees Retirement System increased its holdings in Aircastle by 3.2% during the third quarter. California Public Employees Retirement System now owns 198,820 shares of the transportation company’s stock worth $4,432,000 after buying an additional 6,220 shares during the last quarter. Dean Investment Associates LLC increased its holdings in Aircastle by 3.8% during the third quarter. Dean Investment Associates LLC now owns 265,580 shares of the transportation company’s stock worth $5,920,000 after buying an additional 9,620 shares during the last quarter. American Century Companies Inc. acquired a new position in Aircastle during the fourth quarter worth $5,160,000. First Trust Advisors LP increased its holdings in Aircastle by 5.1% during the third quarter. First Trust Advisors LP now owns 125,874 shares of the transportation company’s stock worth $2,806,000 after buying an additional 6,113 shares during the last quarter. Finally, Alambic Investment Management L.P. acquired a new position in Aircastle during the fourth quarter worth $2,603,000. Institutional investors and hedge funds own 61.55% of the company’s stock.
Shares of AYR stock traded down $0.90 on Friday, hitting $19.79. The company’s stock had a trading volume of 319,893 shares, compared to its average volume of 439,594. Aircastle Limited has a fifty-two week low of $18.97 and a fifty-two week high of $25.30. The company has a market capitalization of $1,557.02, a PE ratio of 10.58, a price-to-earnings-growth ratio of 1.17 and a beta of 1.84.
Aircastle (NYSE:AYR) last released its quarterly earnings results on Tuesday, February 13th. The transportation company reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.14. Aircastle had a net margin of 18.56% and a return on equity of 8.41%. The business had revenue of $177.40 million for the quarter, compared to the consensus estimate of $184.09 million. During the same period in the prior year, the company posted $0.90 earnings per share. Aircastle’s revenue was down 13.3% compared to the same quarter last year. equities research analysts anticipate that Aircastle Limited will post 1.7 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were paid a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 5.66%. Aircastle’s dividend payout ratio (DPR) is presently 59.89%.
Several equities analysts have commented on AYR shares. Cowen reiterated a “market perform” rating and issued a $24.00 price objective (down from $26.00) on shares of Aircastle in a report on Tuesday, February 13th. Royal Bank of Canada reiterated a “hold” rating on shares of Aircastle in a report on Wednesday, February 14th. Stephens upgraded shares of Aircastle from an “underweight” rating to an “equal” rating and set a $24.00 price objective on the stock in a report on Wednesday, February 14th. They noted that the move was a valuation call. ValuEngine upgraded shares of Aircastle from a “hold” rating to a “buy” rating in a report on Wednesday, March 14th. Finally, Zacks Investment Research downgraded shares of Aircastle from a “hold” rating to a “strong sell” rating in a report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $24.60.
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Aircastle 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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