Morgan Stanley lowered its position in shares of Aircastle Limited (NYSE:AYR) by 32.5% during the first quarter, Holdings Channel reports. The firm owned 226,966 shares of the transportation company’s stock after selling 109,148 shares during the period. Morgan Stanley’s holdings in Aircastle Limited were worth $5,477,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of AYR. Russell Investments Group Ltd. purchased a new stake in shares of Aircastle Limited during the fourth quarter worth approximately $172,000. Norges Bank purchased a new stake in shares of Aircastle Limited during the fourth quarter worth approximately $10,051,000. Teachers Advisors LLC boosted its stake 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 buying an additional 9,784 shares during the period. First Trust Advisors LP boosted its stake 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 buying an additional 15,643 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Aircastle Limited by 75.5% in the first quarter. UBS Asset Management Americas Inc. now owns 43,708 shares of the transportation company’s stock worth $1,055,000 after buying an additional 18,804 shares during the period. 62.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of Aircastle Limited (NYSE:AYR) traded down 0.13% during trading on Monday, hitting $23.68. 7,818 shares of the stock traded hands. Aircastle Limited has a 12 month low of $18.26 and a 12 month high of $25.98. The company has a 50 day moving average price of $22.15 and a 200 day moving average price of $22.84. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 11.84 and a beta of 1.81.

Aircastle Limited (NYSE:AYR) last announced its quarterly earnings results on Thursday, May 4th. The transportation company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.58. The business had revenue of $204.30 million for the quarter, compared to analyst estimates of $204.22 million. Aircastle Limited had a net margin of 19.81% and a return on equity of 8.88%. The company’s revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 EPS. Analysts anticipate that Aircastle Limited will post $2.38 earnings per share for the current fiscal year.

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AYR has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Aircastle Limited from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 18th. Barclays PLC initiated coverage on shares of Aircastle Limited in a research report on Monday, July 10th. They set an “equal weight” rating and a $24.00 price target on the stock. Wells Fargo & Company reaffirmed a “market perform” rating and set a $24.00 price target (down previously from $26.00) on shares of Aircastle Limited in a research report on Thursday, May 25th. FBR & Co cut their price target on shares of Aircastle Limited from $27.50 to $26.00 and set a “market perform” rating on the stock in a research report on Thursday, May 4th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $25.00 price target on shares of Aircastle Limited in a research report on Friday, April 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $24.20.

Aircastle Limited 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 Limited (NYSE:AYR)

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