Schwab Charles Investment Management Inc. Acquires 17,411 Shares of Aircastle Limited (AYR)
Schwab Charles Investment Management Inc. boosted its holdings in Aircastle Limited (NYSE:AYR) by 5.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 358,178 shares of the transportation company’s stock after buying an additional 17,411 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.46% of Aircastle Limited worth $7,791,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Rothschild Asset Management Inc. grew its position in Aircastle Limited by 73.8% in the second quarter. Rothschild Asset Management Inc. now owns 137,191 shares of the transportation company’s stock worth $2,984,000 after buying an additional 58,238 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Aircastle Limited in the second quarter worth approximately $234,000. Affinity Investment Advisors LLC grew its position in Aircastle Limited by 13.5% in the second quarter. Affinity Investment Advisors LLC now owns 11,015 shares of the transportation company’s stock worth $240,000 after buying an additional 1,311 shares during the last quarter. Russell Investments Group Ltd. grew its position in Aircastle Limited by 9.6% in the second quarter. Russell Investments Group Ltd. now owns 20,812 shares of the transportation company’s stock worth $453,000 after buying an additional 1,822 shares during the last quarter. Finally, James Investment Research Inc. grew its position in Aircastle Limited by 75.5% in the second quarter. James Investment Research Inc. now owns 178,234 shares of the transportation company’s stock worth $3,876,000 after buying an additional 76,666 shares during the last quarter. Hedge funds and other institutional investors own 62.04% of the company’s stock.
Several research analysts have issued reports on AYR shares. Zacks Investment Research upgraded shares of Aircastle Limited from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Tuesday, July 4th. Barclays PLC started coverage on shares of Aircastle Limited in a research report on Monday, July 10th. They issued an “equal weight” rating and a $24.00 price target on the stock. Cowen and Company restated a “market perform” rating and issued a $26.00 price target (up previously from $25.00) on shares of Aircastle Limited in a research report on Thursday, August 10th. Finally, BidaskClub cut shares of Aircastle Limited from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $24.30.
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Aircastle Limited (NYSE AYR) opened at 22.69 on Friday. Aircastle Limited has a 52-week low of $18.26 and a 52-week high of $25.98. The firm’s 50-day moving average is $21.98 and its 200 day moving average is $22.48. The stock has a market capitalization of $1.79 billion, a PE ratio of 13.69 and a beta of 1.84.
Aircastle Limited (NYSE:AYR) last issued its earnings results on Tuesday, August 8th. The transportation company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.58). Aircastle Limited had a net margin of 15.75% and a return on equity of 7.41%. The firm had revenue of $223.53 million during the quarter, compared to the consensus estimate of $206.10 million. During the same period in the previous year, the company posted $0.31 EPS. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, equities analysts forecast that Aircastle Limited will post $1.92 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.58%. The ex-dividend date was Tuesday, August 29th. Aircastle Limited’s payout ratio is presently 62.65%.
Aircastle Limited 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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