Shares of Aircastle Limited (NYSE:AYR) have received an average recommendation of “Hold” from the ten brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $24.60.
AYR has been the topic of several recent analyst reports. 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.
AYR stock traded down $0.50 during trading on Friday, hitting $20.15. The company had a trading volume of 635,050 shares, compared to its average volume of 347,408. The company has a market capitalization of $1.61 billion, a PE ratio of 10.78, a P/E/G ratio of 0.92 and a beta of 1.80. Aircastle has a 52-week low of $18.97 and a 52-week 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 Thomson Reuters’ consensus estimate of $0.53 by $0.14. The company 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%. analysts predict that Aircastle will post 2.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 5.56%. The ex-dividend date is Thursday, August 30th. Aircastle’s dividend payout ratio is presently 59.89%.
In related news, Director Ronald Merriman sold 7,500 shares of the firm’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $21.26, for a total value of $159,450.00. Following the transaction, the director now owns 21,024 shares of the company’s stock, valued at approximately $446,970.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.80% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in Aircastle during the 1st quarter valued at about $118,000. Violich Capital Management Inc. purchased a new position in Aircastle during the 2nd quarter valued at about $200,000. Point72 Hong Kong Ltd purchased a new position in Aircastle during the 2nd quarter valued at about $201,000. Yorktown Management & Research Co Inc purchased a new position in Aircastle during the 2nd quarter valued at about $205,000. Finally, BlueMountain Capital Management LLC purchased a new position in Aircastle during the 2nd quarter valued at about $253,000. 57.21% of the stock is currently owned by institutional investors and hedge funds.
Aircastle Company Profile
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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