4 days Ago By ABMN Staff
LPL Financial LLC raised its holdings in shares of Air Lease Co. ( NYSE:AL – Free Report ) by 49.3% during the 4th quarter, HoldingsChannel reports.
The fund owned 40,643 shares of the transportation company’s stock after purchasing an additional 13,416 shares during the period. LPL Financial LLC’s holdings in Air Lease were worth $1,959,000 as of its most recent SEC filing. Other institutional investors and hedge funds also recently bought and sold shares of the company.
SBI Securities Co. Ltd. purchased a new stake in shares of Air Lease during the fourth quarter worth $31,000.
Raymond James Financial Inc. acquired a new position in Air Lease in the 4th quarter worth about $31,414,000. Barclays PLC raised its stake in shares of Air Lease by 104.
6% during the 3rd quarter. Barclays PLC now owns 86,033 shares of the transportation company’s stock worth $3,897,000 after purchasing an additional 43,981 shares in the last quarter. Principal Financial Group Inc.
grew its stake in shares of Air Lease by 9.2% in the 3rd quarter. Principal Financial Group Inc.
now owns 830,047 shares of the transportation company’s stock valued at $37,591,000 after buying an additional 69,887 shares in the last quarter. Finally, Reinhart Partners LLC. increased its holdings in Air Lease by 2.
7% in the fourth quarter. Reinhart Partners LLC. now owns 1,585,790 shares of the transportation company’s stock worth $76,451,000 after buying an additional 42,034 shares during the last quarter.
Hedge funds and other institutional investors own 94.59% of the company’s stock. Analyst Ratings Changes A number of analysts have issued reports on the stock.
UBS Group set a $50.00 target price on shares of Air Lease in a research note on Friday, March 7th. JPMorgan Chase & Co.
lifted their price objective on shares of Air Lease from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th.
Finally, Bank of America downgraded shares of Air Lease from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $72.00 to $50.00 in a research report on Friday, March 7th.
One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $55.67.
Air Lease Trading Down 0.3 % NYSE:AL opened at $42.45 on Wednesday.
The company’s 50 day moving average is $46.23 and its 200-day moving average is $46.77.
The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.
68. Air Lease Co. has a 12 month low of $38.
25 and a 12 month high of $52.31. The firm has a market cap of $4.
74 billion, a price-to-earnings ratio of 12.75, a P/E/G ratio of 1.33 and a beta of 1.
34. Air Lease ( NYSE:AL – Get Free Report ) last announced its 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%.
Equities analysts anticipate that Air Lease Co. will post 5.16 EPS for the current year.
Air Lease Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Tuesday, March 18th were given a dividend of $0.22 per share.
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 presently 26.43%.
Air 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. The company provides fleet management services to investors and owners of aircraft portfolios.
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