Aircastle Ltd. (NYSE:AYR) was upgraded by investment analysts at TheStreet from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.
Other equities analysts have also recently issued research reports about the company. FBR & Co upgraded Aircastle from a “market perform” rating to an “outperform” rating and set a $23.00 price target on the stock in a research report on Wednesday, November 2nd. Zacks Investment Research cut Aircastle from a “buy” rating to a “hold” rating in a research report on Monday, July 4th. Finally, Stephens began coverage on Aircastle in a research report on Tuesday, November 1st. They issued an “underweight” rating and a $20.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Aircastle has an average rating of “Hold” and a consensus target price of $23.00.
Aircastle (NYSE:AYR) remained flat at $22.42 during trading on Tuesday. 98,682 shares of the company traded hands. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 13.30 and a beta of 1.65. Aircastle has a 52-week low of $15.06 and a 52-week high of $22.99. The company has a 50-day moving average of $20.95 and a 200 day moving average of $20.88.
Aircastle (NYSE:AYR) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.05. The company earned $194.70 million during the quarter, compared to analyst estimates of $189.93 million. Aircastle had a net margin of 17.25% and a return on equity of 8.02%. The business’s revenue was down 8.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.12) EPS. On average, equities analysts anticipate that Aircastle will post $1.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Tuesday, November 29th will be paid a dividend of $0.26 per share. This is a positive change from Aircastle’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, November 25th. This represents a $1.04 annualized dividend and a dividend yield of 4.64%. Aircastle’s payout ratio is 56.80%.
In other news, insider Joseph Schreiner sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $22.35, for a total transaction of $167,625.00. Following the sale, the insider now owns 27,708 shares of the company’s stock, valued at approximately $619,273.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.70% of the company’s stock.
Several large investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its stake in Aircastle by 0.5% in the third quarter. BNP Paribas Arbitrage SA now owns 6,210 shares of the company’s stock worth $123,000 after buying an additional 31 shares during the last quarter. Gerstein Fisher raised its stake in Aircastle by 0.5% in the second quarter. Gerstein Fisher now owns 25,345 shares of the company’s stock worth $496,000 after buying an additional 121 shares during the last quarter. LPL Financial LLC raised its stake in Aircastle by 1.3% in the third quarter. LPL Financial LLC now owns 14,256 shares of the company’s stock worth $283,000 after buying an additional 176 shares during the last quarter. Rothschild Asset Management Inc. raised its stake in Aircastle by 0.3% in the third quarter. Rothschild Asset Management Inc. now owns 77,433 shares of the company’s stock worth $1,538,000 after buying an additional 227 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Aircastle by 3.6% in the second quarter. Teacher Retirement System of Texas now owns 8,268 shares of the company’s stock worth $162,000 after buying an additional 288 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.