Wells Fargo & Company MN increased its position in Aircastle Limited (NYSE:AYR) by 409.0% in the second quarter, HoldingsChannel.com reports. The fund owned 582,593 shares of the transportation company’s stock after acquiring an additional 468,139 shares during the quarter. Wells Fargo & Company MN’s holdings in Aircastle were worth $11,943,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Affinity Investment Advisors LLC raised its stake in Aircastle by 34.9% in the first quarter. Affinity Investment Advisors LLC now owns 16,587 shares of the transportation company’s stock valued at $329,000 after purchasing an additional 4,294 shares in the last quarter. Swiss National Bank raised its stake in Aircastle by 4.7% in the first quarter. Swiss National Bank now owns 95,900 shares of the transportation company’s stock valued at $1,905,000 after purchasing an additional 4,300 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Aircastle in the first quarter valued at approximately $118,000. James Investment Research Inc. raised its stake in Aircastle by 7.1% in the second quarter. James Investment Research Inc. now owns 104,597 shares of the transportation company’s stock valued at $2,144,000 after purchasing an additional 6,915 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in Aircastle by 23.5% in the second quarter. Nisa Investment Advisors LLC now owns 42,100 shares of the transportation company’s stock valued at $863,000 after purchasing an additional 8,000 shares in the last quarter. Institutional investors own 57.21% of the company’s stock.
Shares of AYR stock traded down $0.06 during trading hours on Friday, hitting $20.59. 610 shares of the company’s stock were exchanged, compared to its average volume of 339,594. The company has a market capitalization of $1.62 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 0.92 and a beta of 1.80. Aircastle Limited has a 12-month low of $18.97 and a 12-month high of $25.30.
Aircastle (NYSE:AYR) last posted its quarterly earnings results on Tuesday, August 7th. The transportation company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.53 by $0.14. The firm had revenue of $204.28 million for the quarter, compared to the consensus estimate of $194.60 million. Aircastle had a net margin of 28.40% and a return on equity of 11.70%. equities analysts forecast that Aircastle Limited will post 2.25 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 5.44%. The ex-dividend date of this dividend is Thursday, August 30th. Aircastle’s dividend payout ratio (DPR) is presently 59.89%.
In other Aircastle news, Director Ronald Merriman sold 7,500 shares of Aircastle stock in a transaction that occurred 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 transaction, the director now directly owns 21,024 shares of the company’s stock, valued at $446,970.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.80% of the company’s stock.
A number of equities research analysts recently weighed in on AYR shares. ValuEngine raised shares of Aircastle from a “strong sell” rating to a “sell” rating in a research note on Friday, August 17th. Zacks Investment Research downgraded shares of Aircastle from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $24.43.
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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