A Director at Aircastle Limited (NYSE: AYR) is Buying Shares

By George MacDonald

Yesterday, a Director at Aircastle Limited (NYSE: AYR), Marubeni Corp , bought shares of AYR for $213k.

Over the last month, Marubeni Corp has reported 15 Buy trades on AYR for a total of $20.47M. In addition to Marubeni Corp , 2 other AYR executives reported Buy trades in the last month.

Based on Aircastle Limited`s latest earnings report from September 30, the company posted quarterly revenue of $214.2M and GAAP net loss of $13.99M. In comparison, last year the company earned revenue of $178.7M and had a net profit of $19.15M. The company has a one year high of $24.72 and a one year low of $18.08. AYR’s market cap is $1.66B and the company has a P/E ratio of 12%.

Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $24.60, reflecting a -14.8% downside. Four different firms, including Barclays and Merrill Lynch, currently also have a Buy rating on the stock.

Looking at blogger coverage of AYR, there is a 100% Bullish tendency on the stock, in relation to a 68% average bullish tendency within the Service sector.

In the last 30 days, insiders have sold $824.4k worth of AYR shares and purchased $20.68M worth of AYR shares. Over the last 3 months, the insider sentiment on Aircastle Limited has been positive based on 66 corporate insider transactions. This sentiment is slightly higher than the average sector sentiment of insiders.

Aircastle Ltd acquires, leases and sells commercial jet aircraft to airlines.