Nisa Investment Advisors LLC held its position in Aircastle Limited (NYSE:AYR) during the second quarter, Holdings Channel reports. The institutional investor owned 25,500 shares of the transportation company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Aircastle Limited were worth $556,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AYR. Clearbridge Investments LLC boosted its position in Aircastle Limited by 1.4% in the first quarter. Clearbridge Investments LLC now owns 13,616 shares of the transportation company’s stock worth $329,000 after buying an additional 189 shares during the last quarter. Renaissance Group LLC boosted its position in Aircastle Limited by 3.4% in the first quarter. Renaissance Group LLC now owns 16,847 shares of the transportation company’s stock worth $407,000 after buying an additional 552 shares during the last quarter. AMG Funds LLC boosted its position in Aircastle Limited by 1.1% in the first quarter. AMG Funds LLC now owns 72,832 shares of the transportation company’s stock worth $1,757,000 after buying an additional 798 shares during the last quarter. Blair William & Co. IL boosted its position in Aircastle Limited by 2.6% in the first quarter. Blair William & Co. IL now owns 34,002 shares of the transportation company’s stock worth $820,000 after buying an additional 854 shares during the last quarter. Finally, Adams Diversified Equity Fund Inc. boosted its position in Aircastle Limited by 2.8% in the first quarter. Adams Diversified Equity Fund Inc. now owns 58,400 shares of the transportation company’s stock worth $1,409,000 after buying an additional 1,600 shares during the last quarter. 62.84% of the stock is owned by institutional investors.

Aircastle Limited (AYR) traded down 1.42% during midday trading on Thursday, hitting $22.83. The stock had a trading volume of 78,971 shares. Aircastle Limited has a 12-month low of $18.26 and a 12-month high of $25.98. The firm has a market cap of $1.80 billion, a P/E ratio of 13.77 and a beta of 1.81. The stock has a 50-day moving average price of $22.44 and a 200 day moving average price of $22.90.

Aircastle Limited (NYSE:AYR) last issued its quarterly earnings data on Tuesday, August 8th. The transportation company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.58. Aircastle Limited had a return on equity of 7.42% and a net margin of 15.75%. The company had revenue of $223.53 million for the quarter, compared to analyst estimates of $206.10 million. During the same quarter in the prior year, the firm earned $0.31 earnings per share. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, equities analysts anticipate that Aircastle Limited will post $2.09 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.04 annualized dividend and a dividend yield of 4.49%. Aircastle Limited’s dividend payout ratio is currently 62.65%.

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A number of equities analysts have commented on the company. Cowen and Company reissued a “market perform” rating and set a $26.00 target price (up previously from $25.00) on shares of Aircastle Limited in a report on Thursday. FBR & Co reduced their target price on Aircastle Limited from $27.50 to $26.00 and set a “market perform” rating for the company in a report on Thursday, May 4th. Royal Bank Of Canada reissued a “hold” rating and set a $25.00 target price on shares of Aircastle Limited in a report on Friday, April 21st. Zacks Investment Research cut Aircastle Limited from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Wells Fargo & Company reissued a “market perform” rating and set a $24.00 target price (down previously from $26.00) on shares of Aircastle Limited in a report on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. Aircastle Limited has an average rating of “Hold” and a consensus price target of $24.30.

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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