Aircastle Limited (NYSE:AYR) Short Interest Update

Aircastle Limited (NYSE:AYR) saw a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 850,200 shares, a decrease of 7.2% from the September 30th total of 916,000 shares. Based on an average daily volume of 491,800 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.7% of the shares of the company are sold short.

A number of large investors have recently modified their holdings of the stock. Rothschild & Co. Asset Management US Inc. grew its position in Aircastle by 3.5% during the second quarter. Rothschild & Co. Asset Management US Inc. now owns 1,939,992 shares of the transportation company’s stock worth $41,244,000 after buying an additional 64,726 shares in the last quarter. Goodnow Investment Group LLC grew its position in Aircastle by 9.0% during the second quarter. Goodnow Investment Group LLC now owns 989,023 shares of the transportation company’s stock worth $21,027,000 after buying an additional 81,775 shares in the last quarter. Wells Fargo & Company MN grew its position in Aircastle by 25.1% during the second quarter. Wells Fargo & Company MN now owns 837,002 shares of the transportation company’s stock worth $17,795,000 after buying an additional 167,864 shares in the last quarter. Northern Trust Corp grew its position in Aircastle by 4.7% during the second quarter. Northern Trust Corp now owns 725,067 shares of the transportation company’s stock worth $15,415,000 after buying an additional 32,869 shares in the last quarter. Finally, Foundry Partners LLC grew its position in Aircastle by 11.9% during the third quarter. Foundry Partners LLC now owns 715,414 shares of the transportation company’s stock worth $16,047,000 after buying an additional 75,796 shares in the last quarter. 57.80% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently commented on the company. Goldman Sachs Group raised Aircastle from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 6th. ValuEngine raised Aircastle from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Cowen downgraded Aircastle from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $29.00 to $32.00 in a research report on Friday, November 8th. Zacks Investment Research raised Aircastle from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. raised Aircastle from an “underweight” rating to a “neutral” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Aircastle currently has an average rating of “Hold” and an average target price of $23.71.

Shares of NYSE:AYR opened at $32.32 on Tuesday. The company has a market capitalization of $2.42 billion, a P/E ratio of 10.20 and a beta of 1.50. Aircastle has a 1 year low of $15.75 and a 1 year high of $32.47. The business’s 50 day simple moving average is $26.05 and its 200 day simple moving average is $22.19.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.28 dividend on an annualized basis and a yield of 3.96%. This is an increase from Aircastle’s previous quarterly dividend of $0.30. Aircastle’s dividend payout ratio is currently 37.85%.

Aircastle Company Profile

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.

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