Aircastle Limited (AYR) Stake Lowered by First Republic Investment Management Inc.
First Republic Investment Management Inc. lowered its holdings in Aircastle Limited (NYSE:AYR) by 25.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,889 shares of the transportation company’s stock after selling 5,669 shares during the period. First Republic Investment Management Inc.’s holdings in Aircastle were worth $346,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. SG Americas Securities LLC grew its position in shares of Aircastle by 69.9% in the second quarter. SG Americas Securities LLC now owns 10,128 shares of the transportation company’s stock valued at $208,000 after purchasing an additional 4,168 shares during the period. Swiss National Bank grew its position in Aircastle by 4.7% during the first quarter. Swiss National Bank now owns 95,900 shares of the transportation company’s stock valued at $1,905,000 after acquiring an additional 4,300 shares during the period. GAM Holding AG grew its position in Aircastle by 13.7% during the second quarter. GAM Holding AG now owns 44,918 shares of the transportation company’s stock valued at $921,000 after acquiring an additional 5,402 shares during the period. James Investment Research Inc. grew its position in Aircastle by 7.1% during the second quarter. James Investment Research Inc. now owns 104,597 shares of the transportation company’s stock valued at $2,144,000 after acquiring an additional 6,915 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in Aircastle by 23.5% during the second quarter. Nisa Investment Advisors LLC now owns 42,100 shares of the transportation company’s stock valued at $863,000 after acquiring an additional 8,000 shares during the period. 57.84% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on AYR shares. Zacks Investment Research downgraded Aircastle from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. ValuEngine downgraded Aircastle from a “hold” rating to a “sell” rating in a research report on Friday, June 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.43.
AYR stock opened at $20.90 on Thursday. Aircastle Limited has a 12-month low of $18.97 and a 12-month high of $25.30. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 0.93 and a beta of 1.80.
Aircastle (NYSE:AYR) last posted its quarterly earnings results on Tuesday, August 7th. The transportation company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.14. Aircastle had a return on equity of 11.70% and a net margin of 28.40%. The firm had revenue of $204.28 million during the quarter, compared to the consensus estimate of $194.60 million. equities research analysts forecast that Aircastle Limited will post 2.25 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, August 31st were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date of this dividend was Thursday, August 30th. Aircastle’s dividend payout ratio is presently 59.89%.
Aircastle Limited, through its subsidiaries, leases, finances, sells, and manages commercial flight equipment to airlines worldwide. The company also invests in other aviation assets. As of December 31, 2017, its aircraft portfolio comprised 236 aircraft leased to 81 lessees located in 43 countries. Aircastle Limited was founded in 2004 and is based in Stamford, Connecticut.
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