BNP Paribas Arbitrage SA boosted its position in shares of Aircastle Ltd. (NYSE:AYR) by 0.5% during the third quarter, Holdings Channel reports. The institutional investor owned 6,210 shares of the company’s stock after buying an additional 31 shares during the period. BNP Paribas Arbitrage SA’s holdings in Aircastle were worth $123,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the stock. BlackRock Group LTD boosted its stake in shares of Aircastle by 12.3% in the first quarter. BlackRock Group LTD now owns 62,580 shares of the company’s stock worth $1,393,000 after buying an additional 6,856 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Aircastle by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,515,900 shares of the company’s stock worth $33,714,000 after buying an additional 18,884 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Aircastle by 2.3% in the first quarter. Goldman Sachs Group Inc. now owns 60,002 shares of the company’s stock worth $1,334,000 after buying an additional 1,330 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Aircastle by 5.2% in the first quarter. Envestnet Asset Management Inc. now owns 59,740 shares of the company’s stock worth $1,329,000 after buying an additional 2,938 shares in the last quarter. Finally, First Republic Investment Management Inc. boosted its stake in shares of Aircastle by 27.1% in the first quarter. First Republic Investment Management Inc. now owns 27,756 shares of the company’s stock worth $617,000 after buying an additional 5,923 shares in the last quarter. Institutional investors own 65.19% of the company’s stock.
Aircastle Ltd. (NYSE:AYR) opened at 19.65 on Friday. Aircastle Ltd. has a one year low of $15.06 and a one year high of $23.49. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 17.00 and a beta of 1.84. The company’s 50-day moving average price is $20.46 and its 200-day moving average price is $21.05.
Aircastle (NYSE:AYR) last issued its 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 firm earned $190 million during the quarter, compared to analyst estimates of $188.25 million. Aircastle had a return on equity of 5.70% and a net margin of 11.68%. Aircastle’s revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.58 EPS. On average, analysts anticipate that Aircastle Ltd. will post $1.82 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, August 26th were given a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $0.96 annualized dividend and a dividend yield of 4.89%. Aircastle’s payout ratio is 82.05%.
A number of equities research analysts have weighed in on AYR shares. Zacks Investment Research upgraded Aircastle from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Wednesday, June 29th. FBR & Co cut Aircastle from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $24.00 to $23.00 in a research note on Friday, August 5th. Finally, TheStreet cut Aircastle from a “buy” rating to a “hold” rating in a research note on Tuesday, September 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.00.
In other news, insider Joseph Schreiner sold 4,998 shares of Aircastle stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $21.77, for a total value of $108,806.46. Following the completion of the transaction, the insider now owns 35,208 shares in the company, valued at approximately $766,478.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.70% of the stock is owned by insiders.
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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