Chicago Equity Partners LLC Acquires New Holdings in Aircastle Limited (AYR)

Chicago Equity Partners LLC purchased a new stake in shares of Aircastle Limited (NYSE:AYR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 146,600 shares of the transportation company’s stock, valued at approximately $2,527,000. Chicago Equity Partners LLC owned about 0.19% of Aircastle as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AYR. Steinberg Global Asset Management purchased a new position in shares of Aircastle in the 4th quarter worth $697,000. Rhumbline Advisers lifted its holdings in shares of Aircastle by 36.1% in the 4th quarter. Rhumbline Advisers now owns 93,177 shares of the transportation company’s stock worth $1,606,000 after acquiring an additional 24,718 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Aircastle by 17.6% in the 4th quarter. Advisors Asset Management Inc. now owns 872,416 shares of the transportation company’s stock worth $15,040,000 after acquiring an additional 130,649 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Aircastle by 29.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,560 shares of the transportation company’s stock worth $79,000 after acquiring an additional 1,048 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Aircastle by 96.3% in the 4th quarter. IFP Advisors Inc now owns 2,038 shares of the transportation company’s stock worth $35,000 after acquiring an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 58.36% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. TheStreet upgraded shares of Aircastle from a “c+” rating to a “b-” rating in a report on Thursday, January 31st. Zacks Investment Research upgraded shares of Aircastle from a “sell” rating to a “hold” rating in a report on Wednesday, January 23rd. Cowen restated an “outperform” rating and issued a $25.00 target price (down previously from $26.00) on shares of Aircastle in a report on Tuesday, December 11th. Barclays set a $22.00 target price on shares of Aircastle and gave the stock a “hold” rating in a report on Friday, December 14th. Finally, Credit Suisse Group lowered their target price on shares of Aircastle from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, December 11th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $23.29.

Shares of AYR opened at $20.54 on Thursday. Aircastle Limited has a 1-year low of $15.75 and a 1-year high of $23.14. The stock has a market cap of $1.54 billion, a P/E ratio of 10.98 and a beta of 1.74.

Aircastle (NYSE:AYR) last announced its quarterly earnings data on Tuesday, February 12th. The transportation company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. Aircastle had a net margin of 25.70% and a return on equity of 10.26%. The company had revenue of $292.60 million during the quarter, compared to analyst estimates of $282.86 million. During the same quarter last year, the business posted $0.72 EPS. The firm’s revenue for the quarter was up 48.8% on a year-over-year basis. On average, equities analysts forecast that Aircastle Limited will post 3.26 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 28th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, February 27th. This represents a $1.20 dividend on an annualized basis and a yield of 5.84%. Aircastle’s payout ratio is 64.17%.

ILLEGAL ACTIVITY NOTICE: “Chicago Equity Partners LLC Acquires New Holdings in Aircastle Limited (AYR)” was first published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this news story on another website, it was stolen and reposted in violation of US and international copyright & trademark laws. The correct version of this news story can be accessed at https://www.chaffeybreeze.com/2019/02/14/chicago-equity-partners-llc-acquires-new-holdings-in-aircastle-limited-ayr.html.

Aircastle Profile

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: Bear Market

Institutional Ownership by Quarter for Aircastle (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.

Leave a Reply