Allianz Asset Management GmbH raised its position in Aircastle Limited (NYSE:AYR) by 11.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 603,122 shares of the transportation company’s stock after purchasing an additional 61,506 shares during the quarter. Allianz Asset Management GmbH owned 0.79% of Aircastle worth $13,214,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in Aircastle by 4.1% in the third quarter. Dimensional Fund Advisors LP now owns 6,570,977 shares of the transportation company’s stock valued at $143,970,000 after purchasing an additional 260,928 shares during the period. BlackRock Inc. raised its position in Aircastle by 10.8% in the third quarter. BlackRock Inc. now owns 3,857,465 shares of the transportation company’s stock valued at $84,518,000 after purchasing an additional 376,008 shares during the period. LSV Asset Management raised its position in Aircastle by 0.5% in the third quarter. LSV Asset Management now owns 3,724,255 shares of the transportation company’s stock valued at $81,598,000 after purchasing an additional 18,410 shares during the period. Rothschild Asset Management Inc. raised its position in Aircastle by 2,004.0% in the second quarter. Rothschild Asset Management Inc. now owns 1,829,292 shares of the transportation company’s stock valued at $37,500,000 after purchasing an additional 1,742,350 shares during the period. Finally, River Road Asset Management LLC raised its position in Aircastle by 7.8% in the third quarter. River Road Asset Management LLC now owns 1,812,739 shares of the transportation company’s stock valued at $39,717,000 after purchasing an additional 131,275 shares during the period. 58.04% of the stock is currently owned by institutional investors.

Aircastle stock opened at $17.82 on Monday. Aircastle Limited has a twelve month low of $17.54 and a twelve month high of $25.30. The firm has a market cap of $1.36 billion, a PE ratio of 9.53, a P/E/G ratio of 0.72 and a beta of 1.76.

Aircastle (NYSE:AYR) last posted its quarterly earnings data on Thursday, November 1st. The transportation company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. Aircastle had a return on equity of 10.26% and a net margin of 25.70%. The business had revenue of $190.80 million for the quarter, compared to analyst estimates of $192.78 million. During the same quarter in the prior year, the company earned $0.82 earnings per share. The company’s revenue was down 10.5% on a year-over-year basis. As a group, research analysts forecast that Aircastle Limited will post 2.48 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.73%. This is a positive change from Aircastle’s previous quarterly dividend of $0.28. Aircastle’s dividend payout ratio is currently 64.17%.

A number of analysts have issued reports on the company. ValuEngine raised Aircastle from a “sell” rating to a “hold” rating in a research report on Thursday, September 27th. Zacks Investment Research raised Aircastle from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Tuesday, October 9th. Finally, Cowen raised Aircastle from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $24.00 to $26.00 in a research report on Thursday, September 27th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Aircastle currently has a consensus rating of “Hold” and an average price target of $24.20.

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About Aircastle

Aircastle Limited, through its subsidiaries, leases, finances, sells, and manages commercial flight equipment to airlines worldwide. The company also invests in other aviation assets. As of December 31, 2017, its aircraft portfolio comprised 236 aircraft leased to 81 lessees located in 43 countries. Aircastle Limited was founded in 2004 and is based in Stamford, Connecticut.

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Institutional Ownership by Quarter for Aircastle (NYSE:AYR)

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