Cambiar Investors LLC Has $12.94 Million Stake in Aircastle Limited (AYR)

Cambiar Investors LLC decreased its position in shares of Aircastle Limited (NYSE:AYR) by 27.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 580,609 shares of the transportation company’s stock after selling 214,874 shares during the quarter. Cambiar Investors LLC owned about 0.74% of Aircastle Limited worth $12,942,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Aircastle Limited during the second quarter valued at about $121,000. Principal Financial Group Inc. bought a new stake in shares of Aircastle Limited during the first quarter valued at about $203,000. BNP Paribas Arbitrage SA raised its stake in shares of Aircastle Limited by 203.7% during the second quarter. BNP Paribas Arbitrage SA now owns 9,362 shares of the transportation company’s stock valued at $204,000 after purchasing an additional 6,279 shares in the last quarter. Suntrust Banks Inc. raised its position in Aircastle Limited by 0.7% in the second quarter. Suntrust Banks Inc. now owns 9,711 shares of the transportation company’s stock worth $210,000 after acquiring an additional 67 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Aircastle Limited in the second quarter worth about $234,000. Institutional investors and hedge funds own 61.05% of the company’s stock.

Aircastle Limited (AYR) traded down $0.73 during midday trading on Tuesday, reaching $22.64. The company’s stock had a trading volume of 267,700 shares, compared to its average volume of 293,709. The firm has a market cap of $1,780.00, a P/E ratio of 10.87 and a beta of 1.85. Aircastle Limited has a 12-month low of $20.50 and a 12-month high of $25.98.

Aircastle Limited (NYSE:AYR) last posted its quarterly earnings data on Thursday, November 2nd. The transportation company reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.15. The firm had revenue of $191.41 million for the quarter, compared to the consensus estimate of $184.02 million. Aircastle Limited had a return on equity of 9.18% and a net margin of 19.48%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 4.95%. The ex-dividend date is Wednesday, November 29th. This is an increase from Aircastle Limited’s previous quarterly dividend of $0.26. Aircastle Limited’s payout ratio is presently 50.98%.

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Several brokerages have commented on AYR. Zacks Investment Research cut shares of Aircastle Limited from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Cowen and Company reiterated a “market perform” rating and issued a $26.00 price target (up from $25.00) on shares of Aircastle Limited in a research report on Thursday, August 10th. BidaskClub cut shares of Aircastle Limited from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Credit Suisse Group boosted their price target on shares of Aircastle Limited from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Finally, ValuEngine cut shares of Aircastle Limited from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $25.00.

Aircastle Limited Profile

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.

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Institutional Ownership by Quarter for Aircastle Limited (NYSE:AYR)

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