The Clearbridge Investments LLC Increases Position in Aircastle Limited (AYR)

The Clearbridge Investments LLC Increases Position in Aircastle Limited (AYR)

Several other hedge funds and other institutional investors also recently made changes to their positions in AYR. State Street Corp boosted its position in Aircastle Limited by 4.8% in the first quarter. State Street Corp now owns 1,080,807 shares of the transportation company’s stock valued at $26,079,000 after buying an additional 49,617 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Aircastle Limited 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in Aircastle Limited by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,629,739 shares of the transportation company’s stock valued at $111,716,000 after buying an additional 297,984 shares in the last quarter. Geode Capital Management LLC boosted its position in Aircastle Limited 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 in the last quarter. Finally, Vanguard Group Inc. boosted its position in Aircastle Limited 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 in the last quarter. 62.84% of the stock is currently owned by institutional investors.

Clearbridge Investments LLC increased its stake in shares of Aircastle Limited (NYSE:AYR) by 1.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 13,616 shares of the transportation company’s stock after buying an additional 189 shares during the period. Clearbridge Investments LLC’s holdings in Aircastle Limited were worth $329,000 as of its most recent SEC filing.

Shares of Aircastle Limited (NYSE:AYR) traded up 0.80% during midday trading on Tuesday, reaching $24.03. The company had a trading volume of 642,908 shares. Aircastle Limited has a 52 week low of $18.26 and a 52 week high of $25.98. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 12.02 and a beta of 1.81. The stock has a 50-day moving average of $22.27 and a 200 day moving average of $22.85.

Aircastle Limited (NYSE:AYR) last posted its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.65 by $0.62. Aircastle Limited had a net margin of 19.81% and a return on equity of 8.88%. The business had revenue of $223.53 million during the quarter, compared to analysts’ expectations of $206.10 million. During the same period in the previous year, the company posted $0.31 earnings per share. Aircastle Limited’s revenue for the quarter was up 17.7% compared to the same quarter last year. On average, analysts anticipate that Aircastle Limited will post $2.38 earnings per share for the current year.

Several brokerages have issued reports on AYR. Zacks Investment Research upgraded Aircastle Limited from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Tuesday, July 4th. Wells Fargo & Company restated a “market perform” rating and issued a $24.00 target price (down from $26.00) on shares of Aircastle Limited in a research note on Thursday, May 25th. Royal Bank Of Canada reiterated a “hold” rating and set a $25.00 price objective on shares of Aircastle Limited in a research note on Friday, April 21st. Barclays PLC initiated coverage on Aircastle Limited in a research note on Monday, July 10th. They set an “equal weight” rating and a $24.00 price objective on the stock. Finally, FBR & Co decreased their price objective on Aircastle Limited from $27.50 to $26.00 and set a “market perform” rating on the stock in a research note on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $24.20.

About Aircastle Limited

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.

Related posts

Leave a Comment