Air Lease Co. (NYSE:AL) Position Cut by FIL Ltd

FIL Ltd lowered its position in shares of Air Lease Co. (NYSE:AL) by 81.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 15,099 shares of the transportation company’s stock after selling 64,892 shares during the period. FIL Ltd’s holdings in Air Lease were worth $728,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of AL. Aster Capital Management DIFC Ltd bought a new stake in shares of Air Lease during the fourth quarter valued at about $28,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Air Lease during the 3rd quarter worth about $31,000. SBI Securities Co. Ltd. acquired a new stake in shares of Air Lease in the 4th quarter worth approximately $31,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Air Lease by 5,245.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,069 shares of the transportation company’s stock valued at $52,000 after acquiring an additional 1,049 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Air Lease by 1,506.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,189 shares of the transportation company’s stock valued at $57,000 after acquiring an additional 1,115 shares during the period. Institutional investors and hedge funds own 94.59% of the company’s stock.

Air Lease Stock Up 0.9 %

NYSE AL opened at $41.07 on Monday. 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 company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 1.33 and a beta of 1.34. Air Lease Co. has a 1-year low of $38.25 and a 1-year high of $52.31. The stock’s 50 day moving average is $46.36 and its two-hundred day moving average is $46.82.

Air Lease (NYSE:AL) last announced its quarterly earnings data on Thursday, February 13th. The transportation company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.44. Air Lease had a net margin of 15.65% and a return on equity of 8.01%. Equities analysts forecast that Air Lease Co. will post 5.16 earnings per share for the current fiscal year.

Air Lease Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Tuesday, March 18th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Tuesday, March 18th. Air Lease’s dividend payout ratio is currently 26.43%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AL. JPMorgan Chase & Co. boosted their price objective on Air Lease from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Bank of America cut shares of Air Lease from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $72.00 to $50.00 in a research report on Friday, March 7th. Finally, UBS Group set a $50.00 price objective on shares of Air Lease in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Air Lease has a consensus rating of “Moderate Buy” and an average target price of $55.67.

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.