Goodnow Investment Group LLC boosted its stake in Aircastle Limited (NYSE:AYR) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 723,218 shares of the transportation company’s stock after buying an additional 14,653 shares during the quarter. Aircastle makes up about 3.3% of Goodnow Investment Group LLC’s investment portfolio, making the stock its 13th largest position. Goodnow Investment Group LLC owned 0.92% of Aircastle worth $16,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Aircastle in the 2nd quarter valued at $121,000. BNP Paribas Arbitrage SA boosted its stake in Aircastle by 203.7% in the second quarter. BNP Paribas Arbitrage SA now owns 9,362 shares of the transportation company’s stock worth $204,000 after purchasing an additional 6,279 shares in the last quarter. Kayne Anderson Capital Advisors LP acquired a new position in Aircastle in the third quarter worth $207,000. Suntrust Banks Inc. boosted its stake in Aircastle by 0.7% in the second quarter. Suntrust Banks Inc. now owns 9,711 shares of the transportation company’s stock worth $210,000 after purchasing an additional 67 shares in the last quarter. Finally, Stevens Capital Management LP acquired a new position in Aircastle in the second quarter worth $247,000. 61.59% of the stock is currently owned by institutional investors and hedge funds.
Aircastle Limited (NYSE AYR) opened at $23.65 on Thursday. Aircastle Limited has a one year low of $20.50 and a one year high of $25.98. The stock has a market capitalization of $1,888.99, a price-to-earnings ratio of 11.16, a PEG ratio of 2.02 and a beta of 1.86.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 4.74%. The ex-dividend date is Wednesday, November 29th. This is a positive change from Aircastle’s previous quarterly dividend of $0.26. Aircastle’s dividend payout ratio is 54.90%.
A number of equities analysts have commented on AYR shares. Cowen reissued a “market perform” rating and issued a $26.00 price objective (up previously from $25.00) on shares of Aircastle in a research note on Thursday, August 10th. Zacks Investment Research lowered Aircastle from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. BidaskClub lowered Aircastle from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Credit Suisse Group boosted their price objective on Aircastle from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Finally, ValuEngine lowered Aircastle from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Aircastle presently has a consensus rating of “Hold” and a consensus price target of $25.00.
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Aircastle Company Profile
Aircastle Limited is a holding company. The Company, through its subsidiaries, acquires, leases and sells commercial jet aircrafts to airlines. The Company is engaged in financing and managing commercial flight equipment. The Company manages its aircrafts in the United States, Ireland and Singapore. As of December 31, 2016, the Company owned and managed on behalf of its joint ventures 206 aircrafts leased to 71 lessees located in 36 countries.
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