Prudential Financial Inc. cut its stake in Aircastle Ltd. (NYSE:AYR) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 642,447 shares of the company’s stock after selling 400 shares during the period. Prudential Financial Inc. owned 0.82% of Aircastle worth $12,566,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Aircastle by 13.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,746,402 shares of the company’s stock valued at $73,279,000 after buying an additional 445,405 shares during the period. Teacher Retirement System of Texas raised its stake in Aircastle by 3.6% in the second quarter. Teacher Retirement System of Texas now owns 8,268 shares of the company’s stock valued at $162,000 after buying an additional 288 shares during the period. JPMorgan Chase & Co. raised its stake in Aircastle by 567.3% in the second quarter. JPMorgan Chase & Co. now owns 15,068 shares of the company’s stock valued at $295,000 after buying an additional 12,810 shares during the period. Advisors Asset Management Inc. raised its stake in Aircastle by 30.6% in the second quarter. Advisors Asset Management Inc. now owns 952,580 shares of the company’s stock valued at $18,632,000 after buying an additional 223,015 shares during the period. Finally, Ameriprise Financial Inc. purchased a new stake in Aircastle during the second quarter valued at $1,438,000. Institutional investors own 65.19% of the company’s stock.
Aircastle Ltd. (NYSE:AYR) traded down 0.25% on Monday, reaching $19.81. 33,425 shares of the company were exchanged. The company’s 50-day moving average price is $20.68 and its 200-day moving average price is $21.13. The stock has a market capitalization of $1.56 billion, a P/E ratio of 17.14 and a beta of 1.84. Aircastle Ltd. has a 12-month low of $15.06 and a 12-month high of $23.49.
Aircastle (NYSE:AYR) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.41 by $0.10. The business had revenue of $190 million for the quarter, compared to analysts’ expectations of $188.25 million. Aircastle had a return on equity of 5.70% and a net margin of 11.68%. The company’s revenue was down 7.1% compared to the same quarter last year. During the same period last year, the business posted $0.58 earnings per share. Equities research analysts anticipate that Aircastle Ltd. will post $1.82 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, August 26th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.83%. The ex-dividend date of this dividend was Wednesday, August 24th. Aircastle’s dividend payout ratio (DPR) is presently 82.05%.
Several research firms have weighed in on AYR. FBR & Co reiterated a “hold” rating and issued a $23.00 target price on shares of Aircastle in a report on Monday, September 19th. TheStreet lowered shares of Aircastle from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. Finally, Zacks Investment Research lowered shares of Aircastle from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.00.
In other Aircastle news, insider Joseph Schreiner sold 4,998 shares of Aircastle stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $21.77, for a total transaction of $108,806.46. Following the transaction, the insider now directly owns 35,208 shares of the company’s stock, valued at $766,478.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.70% of the company’s stock.
Aircastle Company Profile
Aircastle Limited is a holding company. The Company, through its subsidiaries, is engaged in investing in aviation assets, including acquiring, leasing, managing and selling utility commercial jet aircraft. The Company operates through leasing, financing, selling and managing commercial flight equipment segment.
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