Rothschild & Co. Asset Management US Inc. reduced its position in shares of Aircastle Limited (NYSE:AYR) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,800,744 shares of the transportation company’s stock after selling 28,548 shares during the period. Rothschild & Co. Asset Management US Inc. owned 2.36% of Aircastle worth $39,454,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Violich Capital Management Inc. bought a new position in shares of Aircastle during the 2nd quarter worth about $200,000. Point72 Hong Kong Ltd bought a new position in shares of Aircastle during the 2nd quarter worth about $201,000. Yorktown Management & Research Co Inc bought a new position in shares of Aircastle during the 2nd quarter worth about $205,000. Raymond James Trust N.A. bought a new position in shares of Aircastle during the 3rd quarter worth about $206,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Aircastle by 69.9% during the 2nd quarter. SG Americas Securities LLC now owns 10,128 shares of the transportation company’s stock worth $208,000 after acquiring an additional 4,168 shares during the period. 59.40% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on AYR shares. ValuEngine downgraded shares of Aircastle from a “sell” rating to a “strong sell” rating in a report on Friday, August 3rd. Cowen raised shares of Aircastle from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $24.00 to $26.00 in a report on Thursday, September 27th. Finally, Zacks Investment Research raised shares of Aircastle from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Tuesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $24.33.
Aircastle (NYSE:AYR) last announced its earnings results on Thursday, November 1st. The transportation company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. The business had revenue of $190.80 million during the quarter, compared to analysts’ expectations of $192.78 million. Aircastle had a net margin of 25.70% and a return on equity of 10.26%. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter last year, the company posted $0.82 EPS. Analysts expect that Aircastle Limited will post 2.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.32%. This is a boost from Aircastle’s previous quarterly dividend of $0.28. Aircastle’s dividend payout ratio (DPR) is 59.89%.
In related news, Director Ronald Merriman sold 7,500 shares of the stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $21.26, for a total transaction of $159,450.00. Following the completion of the sale, the director now owns 21,024 shares in the company, valued at approximately $446,970.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.
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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