LPL Financial LLC trimmed its stake in Aircastle (NYSE:AYR) by 18.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,858 shares of the transportation company’s stock after selling 2,824 shares during the period. LPL Financial LLC’s holdings in Aircastle were worth $301,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Baker Ellis Asset Management LLC purchased a new stake in shares of Aircastle in the 4th quarter worth $106,000. Jefferies Group LLC purchased a new stake in shares of Aircastle in the 4th quarter worth $247,000. AMP Capital Investors Ltd purchased a new stake in shares of Aircastle in the 4th quarter worth $281,000. Capital Fund Management S.A. purchased a new stake in shares of Aircastle in the 4th quarter worth $323,000. Finally, Telemus Capital LLC purchased a new stake in shares of Aircastle in the 4th quarter worth $398,000. Hedge funds and other institutional investors own 61.63% of the company’s stock.
Several research firms have recently commented on AYR. Macquarie assumed coverage on Aircastle in a research note on Tuesday, March 13th. They issued an “outperform” rating for the company. They noted that the move was a valuation call. Stephens upgraded Aircastle from an “underweight” rating to an “equal” rating and set a $24.00 price target for the company in a research note on Wednesday, February 14th. They noted that the move was a valuation call. Cowen reiterated a “market perform” rating and issued a $24.00 price target (down previously from $26.00) on shares of Aircastle in a research note on Tuesday, February 13th. Royal Bank of Canada reiterated a “hold” rating on shares of Aircastle in a research note on Wednesday, February 14th. Finally, Zacks Investment Research upgraded Aircastle from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 17th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. Aircastle presently has an average rating of “Hold” and a consensus target price of $24.56.
Aircastle (NYSE:AYR) last issued its quarterly earnings results on Tuesday, February 13th. The transportation company reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.14. The business had revenue of $177.40 million during the quarter, compared to analyst estimates of $184.09 million. Aircastle had a return on equity of 8.41% and a net margin of 18.56%. Aircastle’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.90 EPS. equities analysts expect that Aircastle will post 1.7 earnings per share for the current fiscal year.
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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