Air Lease Co. (NYSE:AL) Shares Purchased by US Bancorp DE

US Bancorp DE boosted its stake in Air Lease Co. (NYSE:AL) by 6.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 89,723 shares of the transportation company’s stock after purchasing an additional 5,428 shares during the period. US Bancorp DE owned about 0.08% of Air Lease worth $4,326,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AL. Wilmington Savings Fund Society FSB acquired a new stake in Air Lease in the 3rd quarter valued at approximately $31,000. Venturi Wealth Management LLC boosted its position in Air Lease by 2,018.9% in the 4th quarter. Venturi Wealth Management LLC now owns 2,246 shares of the transportation company’s stock valued at $108,000 after buying an additional 2,140 shares during the period. GAMMA Investing LLC boosted its position in Air Lease by 23.6% in the 4th quarter. GAMMA Investing LLC now owns 2,309 shares of the transportation company’s stock valued at $111,000 after buying an additional 441 shares during the period. Principal Securities Inc. boosted its position in Air Lease by 11.6% in the 4th quarter. Principal Securities Inc. now owns 2,655 shares of the transportation company’s stock valued at $128,000 after buying an additional 276 shares during the period. Finally, KBC Group NV boosted its position in Air Lease by 20.0% in the 3rd quarter. KBC Group NV now owns 3,345 shares of the transportation company’s stock valued at $151,000 after buying an additional 557 shares during the period. Institutional investors and hedge funds own 94.59% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. The Goldman Sachs Group reissued a “buy” rating and issued a $65.00 price target on shares of Air Lease in a research report on Thursday, November 21st. JPMorgan Chase & Co. raised their price target on shares of Air Lease from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Air Lease has a consensus rating of “Moderate Buy” and a consensus target price of $58.50.

Air Lease Price Performance

Air Lease stock opened at $46.83 on Thursday. The stock has a market cap of $5.22 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 1.33 and a beta of 1.59. The company has a fifty day simple moving average of $47.22 and a 200-day simple moving average of $46.62. Air Lease Co. has a 12-month low of $39.43 and a 12-month 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.

Air Lease (NYSE:AL) last released its quarterly earnings data on Thursday, February 13th. The transportation company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate 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 expect that Air Lease Co. will post 5.16 EPS for the current fiscal year.

Air Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Tuesday, March 18th will be given 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 1.88%. Air Lease’s dividend payout ratio (DPR) is currently 26.43%.

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.