Advisors Asset Management Inc. reduced its position in shares of Aircastle Limited (NYSE:AYR) by 73.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 231,052 shares of the transportation company’s stock after selling 635,943 shares during the quarter. Advisors Asset Management Inc. owned 0.30% of Aircastle worth $14,641,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in shares of Aircastle by 5.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,310,049 shares of the transportation company’s stock valued at $129,356,000 after purchasing an additional 318,259 shares during the period. LSV Asset Management grew its stake in shares of Aircastle by 0.9% during the 2nd quarter. LSV Asset Management now owns 3,705,845 shares of the transportation company’s stock valued at $75,969,000 after purchasing an additional 34,200 shares during the period. BlackRock Inc. grew its stake in shares of Aircastle by 9.5% during the 2nd quarter. BlackRock Inc. now owns 3,481,457 shares of the transportation company’s stock valued at $71,372,000 after purchasing an additional 301,727 shares during the period. Rothschild Asset Management Inc. grew its stake in shares of Aircastle by 2,004.0% during the 2nd quarter. Rothschild Asset Management Inc. now owns 1,829,292 shares of the transportation company’s stock valued at $37,500,000 after purchasing an additional 1,742,350 shares during the period. Finally, Citadel Advisors LLC grew its stake in shares of Aircastle by 9.2% during the 2nd quarter. Citadel Advisors LLC now owns 1,148,454 shares of the transportation company’s stock valued at $23,544,000 after purchasing an additional 97,165 shares during the period. Institutional investors and hedge funds own 57.86% of the company’s stock.
In other news, Director Ronald Merriman sold 7,500 shares of Aircastle stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $21.26, for a total transaction of $159,450.00. Following the transaction, the director now directly owns 21,024 shares of the company’s stock, valued at approximately $446,970.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.80% of the stock is owned by insiders.
AYR stock opened at $20.71 on Tuesday. Aircastle Limited has a twelve month low of $18.97 and a twelve month high of $25.30. The stock has a market cap of $1.58 billion, a PE ratio of 11.07, a P/E/G ratio of 0.90 and a beta of 1.80.
Aircastle (NYSE:AYR) last posted its quarterly earnings data on Tuesday, August 7th. The transportation company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.14. Aircastle had a return on equity of 11.70% and a net margin of 28.40%. The firm had revenue of $204.28 million for the quarter, compared to analysts’ expectations of $194.60 million. sell-side analysts predict that Aircastle Limited will post 2.25 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were given a dividend of $0.28 per share. The ex-dividend date was Thursday, August 30th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.41%. Aircastle’s payout ratio is currently 59.89%.
A number of research firms have issued reports on AYR. ValuEngine downgraded Aircastle from a “sell” rating to a “strong sell” rating in a research note on Friday, August 3rd. Zacks Investment Research cut Aircastle from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. One investment analyst has 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. Aircastle presently has a consensus rating of “Hold” and an average target price of $24.43.
Aircastle Limited, through its subsidiaries, leases, finances, sells, and manages commercial flight equipment to airlines worldwide. The company also invests in other aviation assets. As of December 31, 2017, its aircraft portfolio comprised 236 aircraft leased to 81 lessees located in 43 countries. Aircastle Limited was founded in 2004 and is based in Stamford, Connecticut.
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