4 days Ago By Defense World Staff
LPL Financial LLC lifted its position in shares of Air Lease Co. (NYSE:AL – Free Report) by 49.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The institutional investor owned 40,643 shares of the transportation company’s stock after acquiring an additional 13,416 shares during the period. LPL Financial LLC’s holdings in Air Lease were worth $1,959,000 at the end of the most recent reporting period. Other large investors have also recently added to or reduced their stakes in the company.
American Century Companies Inc. lifted its holdings in shares of Air Lease by 13.7% in the 4th quarter.
American Century Companies Inc. now owns 3,226,921 shares of the transportation company’s stock worth $155,570,000 after purchasing an additional 389,070 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in 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 buying an additional 842,780 shares during the period. Geode Capital Management LLC lifted its stake in Air Lease by 0.
4% in the third quarter. Geode Capital Management LLC now owns 1,630,317 shares of the transportation company’s stock valued at $73,858,000 after buying an additional 6,190 shares during the last quarter. Reinhart Partners LLC.
boosted its holdings in shares of Air Lease by 2.7% during the fourth quarter. Reinhart Partners LLC.
now owns 1,585,790 shares of the transportation company’s stock valued at $76,451,000 after acquiring an additional 42,034 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Air Lease by 2.
4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,141,594 shares of the transportation company’s stock worth $55,036,000 after acquiring an additional 26,373 shares during the last quarter.
94.59% of the stock is currently owned by institutional investors. Air Lease Stock Down 0.
3 %AL opened at $42.45 on Wednesday. The stock’s fifty day moving average is $46.
23 and its 200-day moving average is $46.77. Air Lease Co.
has a one year low of $38.25 and a one year high of $52.31.
The company has a market capitalization of $4.74 billion, a PE ratio of 12.75, a P/E/G ratio of 1.
33 and a beta of 1.34. The company has a debt-to-equity ratio of 2.
68, a quick ratio of 0.37 and a current ratio of 0.37.
Air Lease (NYSE:AL – Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The transportation company reported $1.26 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%. On average, equities analysts predict that Air Lease Co.
will post 5.16 EPS for the current fiscal year. Air Lease Announces DividendThe business also recently declared a quarterly dividend, which was paid on Monday, April 7th.
Shareholders of record on Tuesday, March 18th were issued a $0.22 dividend. The ex-dividend date was Tuesday, March 18th.
This represents a $0.88 annualized dividend and a dividend yield of 2.07%.
Air Lease’s dividend payout ratio is currently 26.43%. Analyst Ratings ChangesAL has been the topic of a number of recent analyst reports.
Bank of America cut Air Lease from a “buy” rating to an “underperform” rating and cut their price target for the company from $72.00 to $50.00 in a report on Friday, March 7th.
JPMorgan Chase & Co. lifted their target price on Air Lease from $56.00 to $57.
00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Finally, UBS Group set a $50.00 price target on Air Lease in a research note on Friday, March 7th.
One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $55.
67.Read Our Latest Research Report on ALAir Lease Profile (Free Report)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.
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