Bank of New York Mellon Corp raised its holdings in shares of Aircastle Limited (NYSE:AYR) by 5.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 236,474 shares of the transportation company’s stock after buying an additional 11,665 shares during the quarter. Bank of New York Mellon Corp owned about 0.31% of Aircastle worth $5,181,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Raymond James Trust N.A. acquired a new position in shares of Aircastle during the third quarter worth approximately $206,000. Ramsey Quantitative Systems acquired a new position in shares of Aircastle during the third quarter worth approximately $405,000. First Hawaiian Bank acquired a new position in shares of Aircastle during the third quarter worth approximately $790,000. Strs Ohio lifted its holdings in shares of Aircastle by 203.5% during the third quarter. Strs Ohio now owns 43,700 shares of the transportation company’s stock worth $957,000 after buying an additional 29,300 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new position in shares of Aircastle during the third quarter worth approximately $1,292,000. Institutional investors own 58.36% of the company’s stock.
Shares of NYSE AYR opened at $20.54 on Thursday. The firm has a market capitalization of $1.54 billion, a P/E ratio of 10.98 and a beta of 1.74. Aircastle Limited has a one year low of $15.75 and a one year high of $23.14.
Aircastle (NYSE:AYR) last issued its earnings results on Tuesday, February 12th. The transportation company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The business had revenue of $292.60 million during the quarter, compared to analyst estimates of $282.86 million. Aircastle had a return on equity of 10.26% and a net margin of 25.70%. Aircastle’s revenue was up 48.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 earnings per share. Research analysts predict that Aircastle Limited will post 3.26 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 28th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, February 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.84%. Aircastle’s payout ratio is 64.17%.
A number of research analysts have recently commented on the company. Zacks Investment Research lowered Aircastle from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 30th. TheStreet upgraded Aircastle from a “c+” rating to a “b-” rating in a report on Thursday, January 31st. Barclays set a $22.00 price target on Aircastle and gave the stock a “hold” rating in a report on Friday, December 14th. 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 reiterated an “outperform” rating and set a $25.00 price target (down from $26.00) on shares of Aircastle in a report on Tuesday, December 11th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Aircastle has an average rating of “Hold” and an average target price of $23.29.
WARNING: “Aircastle Limited (AYR) Shares Bought by Bank of New York Mellon Corp” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.americanbankingnews.com/2019/02/14/aircastle-limited-ayr-shares-bought-by-bank-of-new-york-mellon-corp.html.
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.
Featured Article: What does the Dow Jones Industrial Average (DJIA) measure?
Want to see what other hedge funds are holding AYR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aircastle Limited (NYSE:AYR).
Receive News & Ratings for Aircastle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aircastle and related companies with MarketBeat.com's FREE daily email newsletter.