Aircastle Limited (AYR) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. trimmed its position in shares of Aircastle Limited (NYSE:AYR) by 1.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 633,597 shares of the transportation company’s stock after selling 11,360 shares during the quarter. Prudential Financial Inc. owned approximately 0.80% of Aircastle worth $14,123,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. acquired a new position in shares of Aircastle in the first quarter worth approximately $203,000. Teachers Advisors LLC lifted its stake in shares of Aircastle by 2.6% in the first quarter. Teachers Advisors LLC now owns 86,882 shares of the transportation company’s stock worth $2,096,000 after acquiring an additional 2,171 shares during the period. Vanguard Group Inc. lifted its stake in Aircastle 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. Geode Capital Management LLC lifted its stake in Aircastle by 2.2% in the first quarter. Geode Capital Management LLC now owns 424,465 shares of the transportation company’s stock valued at $10,242,000 after buying an additional 9,088 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in Aircastle by 8.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 340,767 shares of the transportation company’s stock valued at $8,223,000 after buying an additional 26,983 shares during the period. 61.59% of the stock is currently owned by hedge funds and other institutional investors.

AYR has been the topic of several recent analyst reports. Cowen reissued a “market perform” rating and issued a $26.00 price target (up from $25.00) on shares of Aircastle in a research note on Thursday, August 10th. Zacks Investment Research downgraded Aircastle from a “hold” rating to a “sell” rating in a report on Monday, August 14th. BidaskClub downgraded Aircastle from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Credit Suisse Group boosted their price objective on Aircastle from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Finally, ValuEngine downgraded Aircastle from a “strong-buy” rating to a “buy” rating in a report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $25.00.

Shares of Aircastle Limited (NYSE:AYR) traded down $0.35 during trading hours on Wednesday, reaching $23.65. The company’s stock had a trading volume of 169,950 shares, compared to its average volume of 293,754. 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 $1,916.54, a P/E ratio of 11.33, a PEG ratio of 2.05 and a beta of 1.86.

Aircastle (NYSE:AYR) last issued its quarterly earnings results 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 had a return on equity of 9.18% and a net margin of 19.48%. The firm had revenue of $191.41 million for the quarter, compared to analysts’ expectations of $184.02 million. During the same quarter in the prior year, the firm earned $0.38 EPS. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. sell-side analysts predict that Aircastle Limited will post 1.75 earnings per share 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 dividend of $0.28 per share. This is a boost from Aircastle’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.12 dividend on an annualized basis and a yield of 4.74%. Aircastle’s dividend payout ratio is 54.90%.

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Aircastle 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 (NYSE:AYR)

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