Stephens Inc. AR increased its stake in Aircastle Limited (NYSE:AYR) by 0.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,315 shares of the transportation company’s stock after purchasing an additional 11 shares during the period. Stephens Inc. AR’s holdings in Aircastle Limited were worth $355,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of AYR. Teachers Advisors LLC increased its position in shares of Aircastle Limited by 13.1% in the fourth quarter. Teachers Advisors LLC now owns 84,711 shares of the transportation company’s stock worth $1,766,000 after purchasing an additional 9,784 shares during the period. Nationwide Fund Advisors increased its position in shares of Aircastle Limited by 23.5% in the first quarter. Nationwide Fund Advisors now owns 59,426 shares of the transportation company’s stock worth $1,434,000 after purchasing an additional 11,300 shares during the period. Russell Investments Group Ltd. increased its position in shares of Aircastle Limited by 131.9% in the first quarter. Russell Investments Group Ltd. now owns 18,990 shares of the transportation company’s stock worth $459,000 after purchasing an additional 10,800 shares during the period. Wells Fargo & Company MN increased its position in shares of Aircastle Limited by 3.6% in the first quarter. Wells Fargo & Company MN now owns 107,963 shares of the transportation company’s stock worth $2,605,000 after purchasing an additional 3,707 shares during the period. Finally, First Trust Advisors LP increased its position in shares of Aircastle Limited by 10.5% in the first quarter. First Trust Advisors LP now owns 164,623 shares of the transportation company’s stock worth $3,972,000 after purchasing an additional 15,643 shares during the period. Institutional investors own 62.04% of the company’s stock.

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Shares of Aircastle Limited (NYSE:AYR) opened at 21.97 on Friday. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 13.25 and a beta of 1.83. Aircastle Limited has a 52 week low of $18.26 and a 52 week high of $25.98. The stock’s 50 day moving average price is $22.22 and its 200-day moving average price is $22.58.

Aircastle Limited (NYSE:AYR) last announced its quarterly earnings data on Tuesday, August 8th. The transportation company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.58). The firm had revenue of $223.53 million for the quarter, compared to the consensus estimate of $206.10 million. Aircastle Limited had a net margin of 15.75% and a return on equity of 7.41%. Aircastle Limited’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 earnings per share. Equities analysts predict that Aircastle Limited will post $1.92 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were given a dividend of $0.26 per share. The ex-dividend date was Tuesday, August 29th. This represents a $1.04 annualized dividend and a dividend yield of 4.73%. Aircastle Limited’s dividend payout ratio (DPR) is presently 62.65%.

A number of research analysts have issued reports on the company. Zacks Investment Research cut Aircastle Limited from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Cowen and Company reiterated a “market perform” rating and issued a $26.00 target price (up previously from $25.00) on shares of Aircastle Limited in a research report on Thursday, August 10th. BidaskClub cut Aircastle Limited from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Wells Fargo & Company reiterated a “market perform” rating and issued a $24.00 target price (down previously from $26.00) on shares of Aircastle Limited in a research report on Thursday, May 25th. Finally, Barclays PLC assumed coverage on Aircastle Limited in a research report on Monday, July 10th. They issued an “equal weight” rating and a $24.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Aircastle Limited has an average rating of “Hold” and a consensus target price of $24.30.

About Aircastle Limited

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.

Institutional Ownership by Quarter for Aircastle Limited (NYSE:AYR)

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