Aircastle Limited (AYR) Holdings Boosted by California Public Employees Retirement System

California Public Employees Retirement System raised its position in Aircastle Limited (NYSE:AYR) by 3.2% during the 3rd quarter, Holdings Channel reports. The firm owned 198,820 shares of the transportation company’s stock after acquiring an additional 6,220 shares during the period. California Public Employees Retirement System’s holdings in Aircastle were worth $4,432,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in Aircastle by 3.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,224,849 shares of the transportation company’s stock valued at $116,461,000 after purchasing an additional 181,292 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Aircastle by 36.0% in the 2nd quarter. Northern Trust Corp now owns 2,021,880 shares of the transportation company’s stock worth $43,976,000 after acquiring an additional 535,106 shares during the last quarter. State Street Corp lifted its holdings in shares of Aircastle by 6.7% in the 2nd quarter. State Street Corp now owns 1,152,919 shares of the transportation company’s stock worth $25,075,000 after acquiring an additional 72,112 shares during the last quarter. Goodnow Investment Group LLC lifted its holdings in shares of Aircastle by 2.1% in the 3rd quarter. Goodnow Investment Group LLC now owns 723,218 shares of the transportation company’s stock worth $16,121,000 after acquiring an additional 14,653 shares during the last quarter. Finally, Foundry Partners LLC lifted its holdings in shares of Aircastle by 1.9% in the 3rd quarter. Foundry Partners LLC now owns 721,047 shares of the transportation company’s stock worth $16,072,000 after acquiring an additional 13,604 shares during the last quarter. Institutional investors own 61.59% of the company’s stock.

AYR has been the topic of several recent analyst reports. Cowen restated a “hold” rating and issued a $26.00 price objective on shares of Aircastle in a report on Tuesday, September 12th. Credit Suisse Group upped their price objective on shares of Aircastle from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. ValuEngine lowered shares of Aircastle from a “strong-buy” rating to a “buy” rating in a report on Monday, November 6th. Finally, Citigroup initiated coverage on shares of Aircastle in a report on Friday, December 8th. They issued a “neutral” rating and a $25.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $25.11.

Aircastle Limited (AYR) opened at $23.64 on Wednesday. Aircastle Limited has a fifty-two week low of $20.84 and a fifty-two week high of $25.98. The company has a market cap of $1,860.00, a P/E ratio of 11.59, a PEG ratio of 1.46 and a beta of 1.87.

Aircastle (NYSE:AYR) last issued its quarterly earnings data on Thursday, November 2nd. The transportation company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.67 by $0.15. The firm had revenue of $191.41 million for the quarter, compared to analyst estimates of $184.02 million. Aircastle had a net margin of 19.48% and a return on equity of 9.18%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 EPS. research analysts forecast that Aircastle Limited will post 1.75 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were issued a dividend of $0.28 per share. The ex-dividend date was Wednesday, November 29th. This is a positive change from Aircastle’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 4.74%. Aircastle’s dividend payout ratio is 54.90%.

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About Aircastle

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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Institutional Ownership by Quarter for Aircastle (NYSE:AYR)

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