Air Lease Co. (NYSE:AL) Stock Holdings Trimmed by Sanctuary Advisors LLC

Sanctuary Advisors LLC cut its stake in Air Lease Co. (NYSE:AL - Free Report) by 51.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,296 shares of the transportation company's stock after selling 19,349 shares during the period. Sanctuary Advisors LLC's holdings in Air Lease were worth $829,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. increased its stake in Air Lease by 0.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 53,625 shares of the transportation company's stock worth $2,429,000 after acquiring an additional 314 shares during the last quarter. BNP Paribas Financial Markets increased its position in Air Lease by 12.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,468 shares of the transportation company's stock worth $157,000 after purchasing an additional 389 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in Air Lease by 11.9% in the third quarter. Orion Portfolio Solutions LLC now owns 4,819 shares of the transportation company's stock valued at $218,000 after buying an additional 511 shares during the period. KBC Group NV lifted its position in Air Lease by 20.0% during the third 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 in the last quarter. Finally, Fulton Bank N.A. grew its stake in Air Lease by 6.6% during the third quarter. Fulton Bank N.A. now owns 9,588 shares of the transportation company's stock worth $434,000 after buying an additional 597 shares during the period. 94.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AL shares. JPMorgan Chase & Co. raised their target price on shares of Air Lease from $52.00 to $56.00 and gave the company an "overweight" rating in a research note on Tuesday, November 12th. The Goldman Sachs Group reiterated a "buy" rating and issued a $65.00 price target on shares of Air Lease in a report on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $57.60.

Air Lease Stock Up 1.2 %

Shares of NYSE AL traded up $0.60 during midday trading on Tuesday, reaching $49.21. 189,006 shares of the company's stock were exchanged, compared to its average volume of 932,341. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.43 and a current ratio of 0.43. Air Lease Co. has a 52-week low of $39.15 and a 52-week high of $52.31. The business's fifty day moving average price is $47.95 and its two-hundred day moving average price is $46.38. The stock has a market capitalization of $5.48 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 1.55 and a beta of 1.61.

Air Lease Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, December 12th. This is an increase from Air Lease's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 1.79%. Air Lease's payout ratio is currently 20.05%.

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.