Air Lease Co. (NYSE:AL) Shares Purchased by BCGM Wealth Management LLC

BCGM Wealth Management LLC grew its stake in shares of Air Lease Co. (NYSE:AL) by 9.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 45,931 shares of the transportation company’s stock after acquiring an additional 3,997 shares during the period. BCGM Wealth Management LLC’s holdings in Air Lease were worth $2,214,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in shares of Air Lease by 43.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,800,723 shares of the transportation company’s stock worth $134,332,000 after acquiring an additional 842,780 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in Air Lease in the 3rd quarter worth approximately $18,289,000. Highland Peak Capital LLC purchased a new position in Air Lease during the 3rd quarter worth approximately $7,066,000. Harbor Capital Advisors Inc. raised its stake in Air Lease by 109.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 161,127 shares of the transportation company’s stock valued at $7,297,000 after purchasing an additional 84,016 shares during the period. Finally, Royce & Associates LP lifted its holdings in shares of Air Lease by 2.5% in the third quarter. Royce & Associates LP now owns 2,875,522 shares of the transportation company’s stock valued at $130,232,000 after purchasing an additional 70,299 shares in the last quarter. 94.59% of the stock is owned by institutional investors.

Air Lease Price Performance

Shares of NYSE:AL opened at $47.65 on Monday. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 1.18 and a beta of 1.59. Air Lease Co. has a 1 year low of $39.39 and a 1 year high of $52.31. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 2.68. The business has a fifty day simple moving average of $47.42 and a 200 day simple moving average of $46.46.

Air Lease (NYSE:AL) last posted its quarterly earnings results on Thursday, February 13th. The transportation company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.44. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. As a group, sell-side analysts predict that Air Lease Co. will post 6.17 earnings per share for the current fiscal year.

Air Lease Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.22 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.88 annualized dividend and a dividend yield of 1.85%. Air Lease’s dividend payout ratio (DPR) is 26.43%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AL shares. JPMorgan Chase & Co. lifted their price target on Air Lease from $56.00 to $57.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $65.00 target price on shares of Air Lease in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $58.50.

Air Lease Company Profile

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. The company provides fleet management services to investors and owners of aircraft portfolios.