Air Lease Co. (NYSE:AL) Holdings Raised by Royce & Associates LP

Royce & Associates LP lifted its position in Air Lease Co. (NYSE:AL - Free Report) by 2.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,875,522 shares of the transportation company's stock after purchasing an additional 70,299 shares during the quarter. Air Lease accounts for about 1.2% of Royce & Associates LP's holdings, making the stock its largest holding. Royce & Associates LP owned approximately 2.58% of Air Lease worth $130,232,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Eastern Bank bought a new position in Air Lease during the 3rd quarter worth approximately $27,000. Altshuler Shaham Ltd bought a new stake in Air Lease during the 2nd quarter valued at $29,000. GAMMA Investing LLC grew its holdings in Air Lease by 108.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,201 shares of the transportation company's stock worth $57,000 after acquiring an additional 624 shares during the last quarter. Hilltop National Bank grew its stake in shares of Air Lease by 33.8% in the second quarter. Hilltop National Bank now owns 1,775 shares of the transportation company's stock worth $84,000 after purchasing an additional 448 shares during the last quarter. Finally, Monetary Management Group Inc. purchased a new position in Air Lease during the 2nd quarter valued at about $95,000. 94.59% of the stock is currently owned by institutional investors.

Air Lease Trading Down 1.1 %

Shares of NYSE AL traded down $0.53 during trading hours on Friday, hitting $48.47. 687,578 shares of the company traded hands, compared to its average volume of 966,807. Air Lease Co. has a 12 month low of $37.59 and a 12 month high of $52.31. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 2.63. The company's 50 day moving average price is $44.72 and its 200 day moving average price is $46.22. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 1.47 and a beta of 1.59.

Air Lease Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a dividend of $0.22 per share. This is a boost from Air Lease's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Thursday, December 12th. Air Lease's dividend payout ratio is 19.13%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AL. TD Cowen began coverage on Air Lease in a research note on Monday, July 29th. They issued a "buy" rating and a $58.00 price target on the stock. JPMorgan Chase & Co. increased their price target on shares of Air Lease from $52.00 to $56.00 and gave the stock an "overweight" rating in a research note on Tuesday. Finally, Barclays dropped their price objective on shares of Air Lease from $55.00 to $54.00 and set an "overweight" rating on the stock in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.75.

About Air Lease

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.