ValuEngine upgraded shares of Aircastle (NYSE:AYR) from a sell rating to a hold rating in a report released on Tuesday.

Other equities analysts have also recently issued research reports about the company. Barclays set a $22.00 price objective on Aircastle and gave the stock a hold rating in a research report on Friday, December 14th. TheStreet cut Aircastle from a b- rating to a c+ rating in a report on Friday, December 28th. Zacks Investment Research raised Aircastle from a sell rating to a hold rating in a report on Wednesday, January 23rd. Credit Suisse Group cut their price target on Aircastle from $24.00 to $21.00 and set a neutral rating for the company in a report on Tuesday, December 11th. Finally, Cowen reaffirmed an outperform rating and issued a $25.00 price target (down previously from $26.00) on shares of Aircastle in a report on Tuesday, December 11th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Aircastle presently has a consensus rating of Hold and an average price target of $22.50.

NYSE AYR opened at $20.37 on Tuesday. Aircastle has a twelve month low of $15.75 and a twelve month high of $23.14. The stock has a market cap of $1.53 billion, a P/E ratio of 6.43 and a beta of 1.73.

Aircastle (NYSE:AYR) last posted its quarterly earnings data on Tuesday, February 12th. The transportation company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.01. Aircastle had a return on equity of 12.57% and a net margin of 27.77%. The business had revenue of $292.60 million during the quarter, compared to analysts’ expectations of $282.86 million. During the same quarter in the previous year, the firm earned $0.72 EPS. The firm’s revenue was up 48.8% compared to the same quarter last year. Analysts forecast that Aircastle will post 2.12 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 28th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, February 27th. This represents a $1.20 annualized dividend and a yield of 5.89%. Aircastle’s dividend payout ratio (DPR) is 37.85%.

In other Aircastle news, insider Michael Kriedberg sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $20.45, for a total value of $715,750.00. Following the completion of the transaction, the insider now owns 180,968 shares of the company’s stock, valued at approximately $3,700,795.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.80% of the company’s stock.

A number of institutional investors have recently bought and sold shares of AYR. First Trust Advisors LP raised its holdings in Aircastle by 1.3% in the 3rd quarter. First Trust Advisors LP now owns 412,259 shares of the transportation company’s stock valued at $9,033,000 after acquiring an additional 5,195 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of Aircastle in the 3rd quarter worth approximately $1,292,000. Wells Fargo & Company MN raised its holdings in shares of Aircastle by 28.7% in the 3rd quarter. Wells Fargo & Company MN now owns 749,590 shares of the transportation company’s stock worth $16,423,000 after buying an additional 166,997 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Aircastle by 0.8% in the 3rd quarter. American Century Companies Inc. now owns 323,103 shares of the transportation company’s stock worth $7,079,000 after buying an additional 2,701 shares in the last quarter. Finally, LSV Asset Management raised its holdings in shares of Aircastle by 0.5% in the 3rd quarter. LSV Asset Management now owns 3,724,255 shares of the transportation company’s stock worth $81,598,000 after buying an additional 18,410 shares in the last quarter. 57.42% of the stock is owned by hedge funds and other institutional investors.

Aircastle Company Profile

Aircastle Limited, through its subsidiaries, leases, finances, sells, and manages commercial flight equipment to airlines worldwide. As of December 31, 2018, its aircraft portfolio comprised 261 aircraft leased to 81 lessees located in 44 countries. Aircastle Limited was founded in 2004 and is based in Stamford, Connecticut.

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Analyst Recommendations for Aircastle (NYSE:AYR)

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