Aircastle Ltd. (AYR) Trading Up 3.8%
Aircastle Ltd. (NYSE:AYR)’s share price was up 3.8% on Monday . The company traded as high as $21.03 and last traded at $21.03, with a volume of 151,915 shares. The stock had previously closed at $20.26.
A number of brokerages have commented on AYR. Barclays PLC increased their target price on Aircastle from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Monday, March 14th. Citigroup Inc. increased their target price on Aircastle from $19.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, March 15th. FBR & Co increased their target price on Aircastle from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, March 21st. Zacks Investment Research raised Aircastle from a “sell” rating to a “hold” rating in a report on Tuesday, April 12th. Finally, Cowen and Company increased their target price on Aircastle from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Thursday, April 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Aircastle presently has a consensus rating of “Hold” and an average price target of $23.20.
The firm has a market capitalization of $1.65 billion and a P/E ratio of 14.67. The firm has a 50-day moving average of $20.55 and a 200 day moving average of $20.33.
Aircastle (NYSE:AYR) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.10. The business earned $183.70 million during the quarter, compared to analysts’ expectations of $186.44 million. During the same period in the prior year, the firm posted $0.62 EPS. Aircastle’s revenue for the quarter was down 5.5% compared to the same quarter last year. Equities research analysts anticipate that Aircastle Ltd. will post $1.89 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date of this dividend was Thursday, May 26th.
In other news, Director Douglas A. Hacker sold 4,000 shares of Aircastle stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $21.54, for a total transaction of $86,160.00. Following the completion of the sale, the director now directly owns 97,385 shares in the company, valued at approximately $2,097,672.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Other large investors recently bought and sold shares of the company. New York State Common Retirement Fund increased its stake in Aircastle by 4.5% in the fourth quarter. New York State Common Retirement Fund now owns 67,800 shares of the company’s stock worth $1,416,000 after buying an additional 2,900 shares during the last quarter. Bank of Montreal Can increased its stake in Aircastle by 313.8% in the fourth quarter. Bank of Montreal Can now owns 71,050 shares of the company’s stock worth $1,485,000 after buying an additional 53,881 shares during the last quarter. Rhumbline Advisers increased its stake in Aircastle by 3.8% in the fourth quarter. Rhumbline Advisers now owns 103,992 shares of the company’s stock worth $2,172,000 after buying an additional 3,770 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Aircastle by 79.7% in the fourth quarter. Advisors Asset Management Inc. now owns 553,571 shares of the company’s stock worth $11,564,000 after buying an additional 245,563 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. increased its stake in Aircastle by 17.8% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 2,358,600 shares of the company’s stock worth $49,271,000 after buying an additional 356,670 shares during the last quarter.
Aircastle Limited (Aircastle) is a holding company. The Company, through its subsidiaries, is engaged in acquiring, leasing and selling commercial jet aircrafts. As of December 31, 2014, the Company’s aircraft portfolio consisted of 148 aircraft leased to 54 lessees located in about 34 countries. The Company manages its aircraft fleet through offices in the United States, Ireland and Singapore.
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