First Trust Advisors LP lifted its stake in Aircastle Limited (NYSE:AYR) by 5.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 125,874 shares of the transportation company’s stock after buying an additional 6,113 shares during the period. First Trust Advisors LP owned approximately 0.16% of Aircastle Limited worth $2,806,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in Aircastle Limited by 8.9% during the second quarter. Dimensional Fund Advisors LP now owns 5,043,557 shares of the transportation company’s stock worth $109,698,000 after purchasing an additional 413,818 shares during the last quarter. Northern Trust Corp lifted its stake in Aircastle Limited by 36.0% during the second quarter. Northern Trust Corp now owns 2,021,880 shares of the transportation company’s stock worth $43,976,000 after purchasing an additional 535,106 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Aircastle Limited by 3.0% during the second quarter. Advisors Asset Management Inc. now owns 1,309,952 shares of the transportation company’s stock worth $28,491,000 after purchasing an additional 38,690 shares during the last quarter. State Street Corp lifted its stake in Aircastle Limited by 6.7% during the second quarter. State Street Corp now owns 1,152,919 shares of the transportation company’s stock worth $25,075,000 after purchasing an additional 72,112 shares during the last quarter. Finally, Foundry Partners LLC lifted its stake in Aircastle Limited by 10.0% during the second quarter. Foundry Partners LLC now owns 707,443 shares of the transportation company’s stock worth $15,387,000 after purchasing an additional 64,501 shares during the last quarter. Institutional investors and hedge funds own 61.15% of the company’s stock.

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AYR has been the subject of several recent analyst reports. ValuEngine cut Aircastle Limited from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 6th. Cowen and Company restated a “hold” rating and set a $26.00 target price on shares of Aircastle Limited in a research note on Tuesday, September 12th. Credit Suisse Group upped their target price on Aircastle Limited from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Zacks Investment Research cut Aircastle Limited from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Finally, BidaskClub cut Aircastle Limited from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. Aircastle Limited currently has a consensus rating of “Hold” and a consensus target price of $25.00.

Aircastle Limited (NYSE:AYR) opened at $23.35 on Thursday. The stock has a market cap of $1,854.36, a price-to-earnings ratio of 10.96, a PEG ratio of 1.98 and a beta of 1.85. Aircastle Limited has a 1-year low of $20.50 and a 1-year high of $25.98.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 4.80%. This is an increase from Aircastle Limited’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, November 29th. Aircastle Limited’s dividend payout ratio is presently 50.98%.

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.

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

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