BNP Paribas Arbitrage SA decreased its stake in shares of Aircastle Limited (NYSE:AYR) by 38.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,985 shares of the transportation company’s stock after selling 6,299 shares during the period. BNP Paribas Arbitrage SA’s holdings in Aircastle were worth $198,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in Aircastle by 7.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,991,790 shares of the transportation company’s stock valued at $118,997,000 after buying an additional 401,206 shares during the period. Advisors Capital Management LLC acquired a new position in Aircastle during the 1st quarter valued at about $4,687,000. KBC Group NV increased its stake in Aircastle by 784.7% during the 1st quarter. KBC Group NV now owns 16,720 shares of the transportation company’s stock valued at $332,000 after buying an additional 14,830 shares during the period. Rothschild Asset Management Inc. acquired a new position in Aircastle during the 1st quarter valued at about $1,727,000. Finally, Affinity Investment Advisors LLC increased its stake in Aircastle by 34.9% during the 1st quarter. Affinity Investment Advisors LLC now owns 16,587 shares of the transportation company’s stock valued at $329,000 after buying an additional 4,294 shares during the period. 60.92% of the stock is currently owned by hedge funds and other institutional investors.
AYR has been the topic of several recent research reports. ValuEngine raised shares of Aircastle from a “hold” rating to a “buy” rating in a research note on Wednesday, March 14th. Deutsche Bank lifted their price objective on shares of Aircastle from $23.00 to $24.00 and gave the stock a “hold” rating in a research note on Friday, May 4th. Zacks Investment Research raised shares of Aircastle from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Monday, May 7th. Finally, Macquarie initiated coverage on shares of Aircastle in a research note on Tuesday, March 13th. They issued an “outperform” rating on the stock. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.38.
Aircastle stock opened at $20.49 on Friday. The company has a market capitalization of $1.60 billion, a PE ratio of 10.96, a PEG ratio of 0.95 and a beta of 1.86. Aircastle Limited has a fifty-two week low of $18.97 and a fifty-two week high of $25.30.
Aircastle (NYSE:AYR) last released its earnings results on Thursday, May 3rd. The transportation company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.29. The business had revenue of $202.70 million for the quarter, compared to the consensus estimate of $184.73 million. Aircastle had a net margin of 20.50% and a return on equity of 9.05%. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period last year, the firm posted $0.58 earnings per share. research analysts predict that Aircastle Limited will post 2.15 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Thursday, May 31st were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 5.47%. The ex-dividend date was Wednesday, May 30th. Aircastle’s dividend payout ratio (DPR) is currently 59.89%.
In other news, major shareholder Teachers Pension Plan Ontario sold 7,887,029 shares of Aircastle stock in a transaction that occurred on Friday, May 18th. The shares were sold at an average price of $21.23, for a total value of $167,441,625.67. The transaction was disclosed in a filing with the SEC, which can be accessed through 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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