State Street Corp boosted its stake in Aircastle Limited (NYSE:AYR) by 6.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,152,919 shares of the transportation company’s stock after buying an additional 72,112 shares during the period. State Street Corp owned 1.46% of Aircastle Limited worth $25,075,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Suntrust Banks Inc. grew its position in Aircastle Limited by 0.7% in the 2nd quarter. Suntrust Banks Inc. now owns 9,711 shares of the transportation company’s stock valued at $210,000 after buying an additional 67 shares in the last quarter. AMG Funds LLC boosted its position in shares of Aircastle Limited by 0.6% during the 2nd quarter. AMG Funds LLC now owns 73,302 shares of the transportation company’s stock valued at $1,594,000 after purchasing an additional 470 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Aircastle Limited by 0.6% during the 2nd quarter. California Public Employees Retirement System now owns 192,600 shares of the transportation company’s stock valued at $4,189,000 after purchasing an additional 1,100 shares in the last quarter. Affinity Investment Advisors LLC boosted its position in shares of Aircastle Limited by 13.5% during the 2nd quarter. Affinity Investment Advisors LLC now owns 11,015 shares of the transportation company’s stock valued at $240,000 after purchasing an additional 1,311 shares in the last quarter. Finally, Renaissance Group LLC boosted its position in shares of Aircastle Limited by 9.6% during the 2nd quarter. Renaissance Group LLC now owns 18,464 shares of the transportation company’s stock valued at $402,000 after purchasing an additional 1,617 shares in the last quarter. Hedge funds and other institutional investors own 61.05% of the company’s stock.

Several research firms have recently weighed in on AYR. Credit Suisse Group raised their price objective on shares of Aircastle Limited from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Cowen and Company restated a “hold” rating and set a $26.00 price objective on shares of Aircastle Limited in a research report on Tuesday, September 12th. ValuEngine lowered shares of Aircastle Limited from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 6th. Zacks Investment Research lowered shares of Aircastle Limited from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Finally, BidaskClub lowered shares of Aircastle Limited from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.00.

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Shares of Aircastle Limited (AYR) opened at $22.41 on Wednesday. Aircastle Limited has a 52 week low of $20.50 and a 52 week high of $25.98. The company has a market cap of $1,781.95, a PE ratio of 10.53, a price-to-earnings-growth ratio of 1.91 and a beta of 1.85.

Aircastle Limited (NYSE:AYR) last posted its quarterly earnings data on Thursday, November 2nd. The transportation company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.15. Aircastle Limited had a net margin of 19.48% and a return on equity of 9.18%. The company had revenue of $191.41 million during the quarter, compared to analyst estimates of $184.02 million. During the same period in the prior year, the firm earned $0.38 earnings per share. The business’s quarterly revenue was down 1.7% on a year-over-year basis. sell-side analysts predict that Aircastle Limited will post 1.75 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.28 per share. The ex-dividend date is Wednesday, November 29th. This is a positive change from Aircastle Limited’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 5.00%. Aircastle Limited’s dividend payout ratio is currently 50.98%.

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.

Institutional Ownership by Quarter for Aircastle Limited (NYSE:AYR)

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