Insider Selling: Aircastle Limited EVP Sells 10,000 Shares of Stock (AYR)
Aircastle Limited (NYSE:AYR) EVP Joseph Schreiner sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $19.50, for a total value of $195,000.00. Following the completion of the sale, the executive vice president now directly owns 39,230 shares in the company, valued at approximately $764,985. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Aircastle Limited (NYSE:AYR) traded down 3.18% during mid-day trading on Friday, hitting $18.9275. 421,574 shares of the company’s stock traded hands. Aircastle Limited has a 52 week low of $16.01 and a 52 week high of $21.35. The stock has a 50-day moving average of $17.98 and a 200-day moving average of $18.21. The company’s market cap is $1.533 billion.
Aircastle Limited (NYSE:AYR) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.05) by $0.09. The company had revenue of $187.10 million for the quarter, compared to the consensus estimate of $181.03 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 32.7% on a year-over-year basis. Analysts expect that Aircastle Limited will post $1.53 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 12th. Shareholders of record on Friday, August 29th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend is Wednesday, August 27th.
Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Aircastle Limited in a research note on Wednesday. They now have a $20.50 price target on the stock, up previously from $19.50. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $21.36.
Aircastle Limited (NYSE:AYR) is a global company that acquires, leases, and sells high-utility commercial jet aircraft to customers throughout the world.
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