Macquarie Group Ltd. Has $1,089,000 Position in Aircastle Ltd. (AYR)
Macquarie Group Ltd. decreased its position in Aircastle Ltd. (NYSE:AYR) by 22.4% during the second quarter, Holdings Channel reports. The institutional investor owned 55,700 shares of the company’s stock after selling 16,100 shares during the period. Macquarie Group Ltd. owned approximately 0.07% of Aircastle worth $1,089,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Bank of Montreal Can bought a new stake in Aircastle during the second quarter worth about $2,672,000. Adams Diversified Equity Fund Inc. purchased a new position in shares of Aircastle during the second quarter valued at approximately $340,000. Nordea Investment Management AB boosted its position in shares of Aircastle by 320.1% in the second quarter. Nordea Investment Management AB now owns 31,169 shares of the company’s stock valued at $610,000 after buying an additional 23,750 shares during the last quarter. Foundry Partners LLC purchased a new position in shares of Aircastle during the second quarter valued at approximately $10,433,000. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Aircastle by 78.6% in the second quarter. BNP Paribas Arbitrage SA now owns 6,179 shares of the company’s stock valued at $121,000 after buying an additional 2,720 shares during the last quarter. Institutional investors own 65.19% of the company’s stock.
Shares of Aircastle Ltd. (NYSE:AYR) opened at 19.48 on Thursday. The company has a 50-day moving average of $20.97 and a 200-day moving average of $21.21. The stock has a market capitalization of $1.53 billion, a P/E ratio of 16.85 and a beta of 1.88. Aircastle Ltd. has a 52 week low of $15.06 and a 52 week high of $23.49.
Aircastle (NYSE:AYR) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.10. The firm had revenue of $190 million for the quarter, compared to the consensus estimate of $188.25 million. Aircastle had a net margin of 11.68% and a return on equity of 5.70%. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.58 earnings per share. On average, analysts anticipate that Aircastle Ltd. will post $1.82 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Friday, August 26th were issued a $0.24 dividend. The ex-dividend date was Wednesday, August 24th. This represents a $0.96 dividend on an annualized basis and a yield of 4.93%. Aircastle’s dividend payout ratio is presently 82.05%.
AYR has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Aircastle from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Wednesday, June 29th. FBR & Co reissued a “hold” rating and set a $23.00 target price on shares of Aircastle in a report on Monday. Finally, TheStreet lowered shares of Aircastle from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $23.00.
In related news, insider Joseph Schreiner sold 4,998 shares of the business’s 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 transaction, the insider now directly owns 35,208 shares of the company’s stock, valued at approximately $766,478.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.70% of the stock is owned by corporate insiders.
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.
Want to see what other hedge funds are holding AYR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aircastle Ltd. (NYSE:AYR).
Receive News & Ratings for Aircastle Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aircastle Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.