Swiss National Bank increased its holdings in Aircastle Limited (NYSE:AYR) by 7.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 102,900 shares of the transportation company’s stock after buying an additional 7,000 shares during the period. Swiss National Bank owned 0.13% of Aircastle worth $2,109,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Aircastle in the first quarter worth $118,000. Violich Capital Management Inc. purchased a new stake in Aircastle during the second quarter valued at about $200,000. KBC Group NV grew its stake in shares of Aircastle by 784.7% during the first 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 last quarter. Xact Kapitalforvaltning AB bought a new position in shares of Aircastle during the first quarter valued at about $357,000. Finally, FormulaFolio Investments LLC bought a new position in shares of Aircastle during the second quarter valued at about $468,000. Institutional investors own 57.84% of the company’s stock.
In other news, Director Ronald Merriman sold 7,500 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $446,970.24. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.80% of the company’s stock.
NYSE:AYR traded down $0.35 during trading hours on Friday, reaching $21.38. The company had a trading volume of 225,039 shares, compared to its average volume of 410,654. Aircastle Limited has a 52 week low of $18.97 and a 52 week high of $25.30. The company has a market cap of $1.71 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 0.98 and a beta of 1.79.
Aircastle (NYSE:AYR) last posted its earnings results on Tuesday, August 7th. The transportation company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.14. Aircastle had a net margin of 28.40% and a return on equity of 11.70%. The business had revenue of $204.28 million during the quarter, compared to the consensus estimate of $194.60 million. As a group, equities analysts predict that Aircastle Limited will post 2.25 earnings per share for the current year.
The firm 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. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.24%. The ex-dividend date was Thursday, August 30th. Aircastle’s payout ratio is 59.89%.
Several analysts recently issued reports on the company. ValuEngine raised Aircastle from a “sell” rating to a “hold” rating in a research note on Thursday, September 27th. Zacks Investment Research lowered shares of Aircastle from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Finally, Cowen raised shares of Aircastle from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $24.00 to $26.00 in a research report on Thursday, September 27th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $24.71.
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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