Amundi increased its stake in shares of Air Lease Co. (NYSE:AL - Free Report) by 191.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,088 shares of the transportation company's stock after acquiring an additional 34,853 shares during the period. Amundi's holdings in Air Lease were worth $2,509,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Air Lease during the 4th quarter worth about $31,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Air Lease during the third quarter worth approximately $872,000. BCGM Wealth Management LLC acquired a new stake in Air Lease in the third quarter valued at approximately $1,899,000. Raymond James Financial Inc. purchased a new stake in shares of Air Lease in the fourth quarter valued at approximately $31,414,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Air Lease by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,115,221 shares of the transportation company's stock worth $50,508,000 after buying an additional 36,596 shares during the period. 94.59% of the stock is currently owned by hedge funds and other institutional investors.
Air Lease Price Performance
AL stock traded down $0.08 during mid-day trading on Thursday, reaching $47.40. The company's stock had a trading volume of 646,020 shares, compared to its average volume of 742,161. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 2.68. The company's 50 day moving average is $46.64 and its two-hundred day moving average is $46.63. Air Lease Co. has a fifty-two week low of $39.43 and a fifty-two week high of $52.31. The stock has a market cap of $5.28 billion, a PE ratio of 14.24, a P/E/G ratio of 1.33 and a beta of 1.60.
Air Lease (NYSE:AL - Get Free Report) last posted 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 return on equity of 8.01% and a net margin of 15.65%. Equities research analysts expect that Air Lease Co. will post 5.16 EPS for the current year.
Air Lease Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Investors 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 yield of 1.86%. The ex-dividend date of this dividend is Tuesday, March 18th. Air Lease's payout ratio is currently 26.43%.
Analyst Ratings Changes
AL has been the topic of a number of research analyst reports. The Goldman Sachs Group reissued a "buy" rating and issued a $65.00 price target on shares of Air Lease in a research note on Thursday, November 21st. UBS Group set a $50.00 price target on shares of Air Lease in a research report on Friday, March 7th. Bank of America cut Air Lease from a "buy" rating to an "underperform" rating and lowered their price objective for the stock from $72.00 to $50.00 in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. increased their target price on Air Lease from $56.00 to $57.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. One 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $55.67.
Read Our Latest Stock Analysis on Air Lease
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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