Aircastle Limited (AYR) Position Boosted by Wells Fargo & Company MN

Wells Fargo & Company MN increased its position in shares of Aircastle Limited (NYSE:AYR) by 4.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 126,770 shares of the transportation company’s stock after purchasing an additional 5,650 shares during the period. Wells Fargo & Company MN’s holdings in Aircastle were worth $2,826,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Suntrust Banks Inc. boosted its stake in shares of Aircastle by 0.7% during the 2nd quarter. Suntrust Banks Inc. now owns 9,711 shares of the transportation company’s stock worth $210,000 after purchasing an additional 67 shares during the period. California Public Employees Retirement System boosted its stake in shares of Aircastle by 0.6% during the 2nd quarter. California Public Employees Retirement System now owns 192,600 shares of the transportation company’s stock worth $4,189,000 after purchasing an additional 1,100 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Aircastle by 8.1% during the 2nd quarter. Victory Capital Management Inc. now owns 22,032 shares of the transportation company’s stock worth $479,000 after purchasing an additional 1,647 shares during the period. Legal & General Group Plc boosted its stake in shares of Aircastle by 2.7% during the 2nd quarter. Legal & General Group Plc now owns 62,562 shares of the transportation company’s stock worth $1,361,000 after purchasing an additional 1,663 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of Aircastle by 9.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 20,812 shares of the transportation company’s stock worth $453,000 after purchasing an additional 1,822 shares during the period. 61.59% of the stock is owned by hedge funds and other institutional investors.

Shares of Aircastle Limited (NYSE AYR) opened at $24.61 on Friday. The stock has a market cap of $1,965.34, a PE ratio of 11.61, a price-to-earnings-growth ratio of 1.53 and a beta of 1.87. Aircastle Limited has a 52-week low of $20.84 and a 52-week high of $25.98.

Aircastle (NYSE:AYR) last released its quarterly earnings data on Thursday, November 2nd. The transportation company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.15. The company had revenue of $191.41 million during the quarter, compared to analysts’ expectations of $184.02 million. Aircastle had a net margin of 19.48% and a return on equity of 9.18%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 EPS. analysts anticipate that Aircastle Limited will post 1.75 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 4.55%. This is a boost from Aircastle’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, November 29th. Aircastle’s payout ratio is 54.90%.

A number of research firms recently commented on AYR. ValuEngine cut shares of Aircastle from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 6th. Citigroup started coverage on shares of Aircastle in a research note on Friday, December 8th. They set a “neutral” rating and a $25.00 price target for the company. Finally, Credit Suisse Group boosted their price objective on shares of Aircastle from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $25.11.

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Aircastle Company Profile

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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