Two Sigma Investments LP lessened its stake in shares of Aircastle Limited (NYSE:AYR) by 22.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 166,808 shares of the transportation company’s stock after selling 48,357 shares during the quarter. Two Sigma Investments LP owned about 0.22% of Aircastle worth $2,876,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the company. Diamond Hill Capital Management Inc. raised its position in Aircastle by 25.5% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 2,997,774 shares of the transportation company’s stock valued at $51,682,000 after purchasing an additional 609,540 shares during the period. BlackRock Inc. increased its position in shares of Aircastle by 10.8% during the third quarter. BlackRock Inc. now owns 3,857,465 shares of the transportation company’s stock worth $84,518,000 after acquiring an additional 376,008 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Aircastle by 4.1% during the third quarter. Dimensional Fund Advisors LP now owns 6,570,977 shares of the transportation company’s stock worth $143,970,000 after acquiring an additional 260,928 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Aircastle by 28.7% during the third quarter. Wells Fargo & Company MN now owns 749,590 shares of the transportation company’s stock worth $16,423,000 after acquiring an additional 166,997 shares during the last quarter. Finally, Schroder Investment Management Group purchased a new stake in shares of Aircastle during the third quarter worth about $3,297,000. Institutional investors and hedge funds own 58.70% of the company’s stock.
A number of equities analysts recently commented on the company. ValuEngine downgraded Aircastle from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. Zacks Investment Research upgraded Aircastle from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Wednesday, March 20th. TheStreet downgraded Aircastle from a “b-” rating to a “c+” rating in a research note on Friday, December 28th. Goldman Sachs Group assumed coverage on Aircastle in a research note on Monday, April 8th. They issued a “sell” rating and a $18.00 target price for the company. Finally, Bank of America downgraded Aircastle from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $23.00 to $20.00 in a research note on Thursday, February 14th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Aircastle presently has an average rating of “Hold” and an average price target of $21.86.
Shares of NYSE AYR traded down $0.13 during midday trading on Friday, hitting $19.97. 187,036 shares of the company’s stock were exchanged, compared to its average volume of 254,437. The company has a market cap of $1.50 billion, a PE ratio of 6.30 and a beta of 1.72. Aircastle Limited has a twelve month low of $15.75 and a twelve month high of $23.14.
Aircastle (NYSE:AYR) last announced its earnings results on Tuesday, February 12th. The transportation company reported $1.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.01. Aircastle had a return on equity of 12.57% and a net margin of 27.77%. The firm had revenue of $292.60 million for the quarter, compared to analysts’ expectations of $282.86 million. During the same quarter in the previous year, the company earned $0.72 earnings per share. The firm’s quarterly revenue was up 48.8% compared to the same quarter last year. As a group, equities research analysts forecast that Aircastle Limited will post 2.12 earnings per share for the current year.
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Aircastle Limited, through its subsidiaries, leases, finances, sells, and manages commercial flight equipment to airlines worldwide. As of December 31, 2018, its aircraft portfolio comprised 261 aircraft leased to 81 lessees located in 44 countries. Aircastle Limited was founded in 2004 and is based in Stamford, Connecticut.
Further Reading: Net Asset Value
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