Boston Partners Increases Holdings in Air Lease Co. (NYSE:AL)

Boston Partners increased its position in Air Lease Co. (NYSE:AL - Free Report) by 11.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 524,839 shares of the transportation company's stock after acquiring an additional 52,277 shares during the quarter. Boston Partners owned about 0.47% of Air Lease worth $25,298,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. William Blair Investment Management LLC raised its position in shares of Air Lease by 32.1% in the fourth quarter. William Blair Investment Management LLC now owns 799,478 shares of the transportation company's stock valued at $38,543,000 after purchasing an additional 194,189 shares during the period. Corient Private Wealth LLC raised its holdings in Air Lease by 1.0% during the 4th quarter. Corient Private Wealth LLC now owns 92,765 shares of the transportation company's stock valued at $4,472,000 after acquiring an additional 906 shares during the period. Swiss National Bank lifted its position in shares of Air Lease by 0.7% during the fourth quarter. Swiss National Bank now owns 208,100 shares of the transportation company's stock worth $10,033,000 after acquiring an additional 1,500 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Air Lease by 22.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,581 shares of the transportation company's stock worth $1,137,000 after acquiring an additional 4,322 shares during the period. Finally, Avantax Advisory Services Inc. grew its position in shares of Air Lease by 7.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 22,379 shares of the transportation company's stock valued at $1,079,000 after purchasing an additional 1,530 shares in the last quarter. 94.59% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Air Lease from $56.00 to $57.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Bank of America cut 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 report on Friday, March 7th. Finally, UBS Group set a $50.00 price objective on shares of Air Lease in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $55.67.

Air Lease Price Performance

Air Lease stock traded up $2.54 during midday trading on Monday, hitting $49.61. 934,571 shares of the company's stock were exchanged, compared to its average volume of 737,757. The stock has a 50-day moving average price of $46.68 and a two-hundred day moving average price of $46.68. Air Lease Co. has a 52-week low of $39.43 and a 52-week high of $52.31. The company has a market cap of $5.54 billion, a P/E ratio of 14.90, a PEG ratio of 1.33 and a beta of 1.60. 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 posted its quarterly earnings data on Thursday, February 13th. The transportation company reported $1.26 earnings per share 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 research analysts forecast that Air Lease Co. will post 5.16 earnings per share for the current year.

Air Lease Dividend Announcement

The business 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. This represents a $0.88 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Tuesday, March 18th. Air Lease's dividend payout ratio (DPR) is currently 26.43%.

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.