Lyrical Asset Management LP Decreases Position in Air Lease Co. (NYSE:AL)

Lyrical Asset Management LP trimmed its holdings in shares of Air Lease Co. (NYSE:AL - Free Report) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,957,735 shares of the transportation company's stock after selling 11,953 shares during the quarter. Lyrical Asset Management LP owned 1.76% of Air Lease worth $94,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in shares of Air Lease in the fourth quarter valued at about $31,000. Raymond James Financial Inc. acquired a new position in Air Lease in the 4th quarter worth approximately $31,414,000. Barclays PLC raised its position in Air Lease by 104.6% during the 3rd quarter. Barclays PLC now owns 86,033 shares of the transportation company's stock worth $3,897,000 after buying an additional 43,981 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Air Lease by 9.2% during the 3rd quarter. Principal Financial Group Inc. now owns 830,047 shares of the transportation company's stock valued at $37,591,000 after acquiring an additional 69,887 shares during the period. Finally, Reinhart Partners LLC. boosted its holdings in shares of Air Lease by 2.7% in the 4th quarter. Reinhart Partners LLC. now owns 1,585,790 shares of the transportation company's stock valued at $76,451,000 after acquiring an additional 42,034 shares during the last quarter. Hedge funds and other institutional investors own 94.59% of the company's stock.

Air Lease Price Performance

Shares of Air Lease stock traded down $0.20 during trading hours on Friday, reaching $40.52. The stock had a trading volume of 343,624 shares, compared to its average volume of 754,431. The stock's 50 day moving average is $46.44 and its 200 day moving average is $46.84. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 2.68. Air Lease Co. has a twelve month low of $38.25 and a twelve month high of $52.31. The firm has a market capitalization of $4.53 billion, a PE ratio of 12.14, a PEG ratio of 1.33 and a beta of 1.34.

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Air Lease (NYSE:AL - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The transportation company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.44. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. Equities analysts expect that Air Lease Co. will post 5.16 earnings per share for the current fiscal year.

Air Lease Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Tuesday, March 18th were paid a $0.22 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a yield of 2.17%. Air Lease's dividend payout ratio is currently 26.43%.

Analyst Ratings Changes

AL has been the subject of several recent research reports. UBS Group set a $50.00 target price on shares of Air Lease in a report on Friday, March 7th. JPMorgan Chase & Co. boosted their price objective on Air Lease from $56.00 to $57.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Finally, Bank of America lowered Air Lease from a "buy" rating to an "underperform" rating and dropped their target price for the stock from $72.00 to $50.00 in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $55.67.

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.