California State Teachers Retirement System cut its position in Aircastle Limited (NYSE:AYR) by 10.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,317 shares of the transportation company’s stock after selling 9,712 shares during the quarter. California State Teachers Retirement System owned about 0.11% of Aircastle Limited worth $1,834,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Aircastle Limited by 3.2% in the first quarter. Vanguard Group Inc. now owns 5,629,041 shares of the transportation company’s stock valued at $135,829,000 after buying an additional 176,874 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Aircastle Limited by 8.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,043,557 shares of the transportation company’s stock valued at $109,698,000 after purchasing an additional 413,818 shares during the period. Northern Trust Corp raised its stake in shares of Aircastle Limited by 36.0% during the 2nd quarter. Northern Trust Corp now owns 2,021,880 shares of the transportation company’s stock valued at $43,976,000 after purchasing an additional 535,106 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Aircastle Limited by 3.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,309,952 shares of the transportation company’s stock valued at $28,491,000 after purchasing an additional 38,690 shares during the period. Finally, State Street Corp raised its stake in shares of Aircastle Limited by 6.7% during the 2nd quarter. State Street Corp now owns 1,152,919 shares of the transportation company’s stock valued at $25,075,000 after purchasing an additional 72,112 shares during the period. Hedge funds and other institutional investors own 61.05% of the company’s stock.

A number of analysts recently issued reports on the company. Cowen and Company reiterated a “market perform” rating and set a $26.00 price objective (up from $25.00) on shares of Aircastle Limited in a research note on Thursday, August 10th. BidaskClub lowered Aircastle Limited from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. ValuEngine lowered Aircastle Limited from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 6th. Credit Suisse Group boosted their price objective on Aircastle Limited from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Finally, Zacks Investment Research lowered Aircastle Limited from a “hold” rating to a “sell” rating in a research note 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 assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $25.00.

Aircastle Limited (AYR) opened at $23.36 on Friday. Aircastle Limited has a 52-week low of $20.50 and a 52-week high of $25.98. The company has a market capitalization of $1,781.16, a PE ratio of 10.53, a P/E/G ratio of 1.91 and a beta of 1.85.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 4.79%. This is a boost from Aircastle Limited’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, November 29th. Aircastle Limited’s payout ratio is presently 50.98%.

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

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