Air Lease Co. (NYSE:AL) Shares Bought by LPL Financial LLC

LPL Financial LLC increased its stake in Air Lease Co. (NYSE:AL - Free Report) by 49.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,643 shares of the transportation company's stock after acquiring an additional 13,416 shares during the quarter. LPL Financial LLC's holdings in Air Lease were worth $1,959,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in AL. SBI Securities Co. Ltd. acquired a new stake in shares of Air Lease in the fourth quarter worth approximately $31,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Air Lease in the third quarter valued at about $31,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Air Lease by 1,506.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,189 shares of the transportation company's stock worth $57,000 after buying an additional 1,115 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Air Lease by 679.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,497 shares of the transportation company's stock worth $72,000 after acquiring an additional 1,305 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings 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 acquiring an additional 2,140 shares during the last quarter. 94.59% of the stock is currently owned by institutional investors and hedge funds.

Air Lease Stock Up 1.6 %

Shares of NYSE AL traded up $0.68 during midday trading on Friday, hitting $42.46. The company's stock had a trading volume of 737,376 shares, compared to its average volume of 760,424. Air Lease Co. has a 1 year low of $38.25 and a 1 year high of $52.31. The business's fifty day simple moving average is $46.01 and its two-hundred day simple moving average is $46.75. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 1.33 and a beta of 1.34. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.37 and a quick 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, beating 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 year.

Air Lease Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Tuesday, March 18th were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.07%. Air Lease's payout ratio is 26.43%.

Wall Street Analyst Weigh In

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

Air Lease 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.