Air Lease Co. (NYSE:AL) Stock Position Decreased by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its stake in Air Lease Co. (NYSE:AL - Free Report) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 663,714 shares of the transportation company's stock after selling 23,762 shares during the quarter. Russell Investments Group Ltd. owned about 0.60% of Air Lease worth $31,998,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP increased its position in shares of Air Lease by 7.2% during the 4th quarter. Wellington Management Group LLP now owns 5,384,230 shares of the transportation company's stock valued at $259,574,000 after purchasing an additional 362,585 shares during the period. State Street Corp grew its holdings in Air Lease by 0.8% during the third quarter. State Street Corp now owns 3,410,373 shares of the transportation company's stock worth $155,180,000 after acquiring an additional 25,874 shares during the period. American Century Companies Inc. raised its position in Air Lease by 13.7% in the fourth quarter. American Century Companies Inc. now owns 3,226,921 shares of the transportation company's stock worth $155,570,000 after acquiring an additional 389,070 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Air Lease by 43.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,800,723 shares of the transportation company's stock valued at $134,332,000 after acquiring an additional 842,780 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Air Lease by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,630,317 shares of the transportation company's stock valued at $73,858,000 after purchasing an additional 6,190 shares in the last quarter. Institutional investors own 94.59% of the company's stock.

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Air Lease Stock Up 0.9 %

NYSE:AL traded up $0.35 during trading hours on Friday, hitting $41.07. 1,237,476 shares of the company's stock traded hands, compared to its average volume of 755,252. The stock's fifty day moving average price is $46.36 and its two-hundred day moving average price is $46.82. The firm has a market cap of $4.59 billion, a P/E ratio of 12.33, a P/E/G ratio of 1.33 and a beta of 1.34. 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 Co. has a twelve month low of $38.25 and a twelve month high of $52.31.

Air Lease (NYSE:AL - Get Free Report) last issued its earnings results on Thursday, February 13th. The transportation company reported $1.26 earnings per share for the quarter, beating 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%. On average, research analysts expect that Air Lease Co. will post 5.16 earnings per share for the current fiscal year.

Air Lease Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Tuesday, March 18th. Air Lease's dividend payout ratio (DPR) is currently 26.43%.

Analyst Ratings Changes

AL has been the subject of several research reports. Bank of America lowered Air Lease from a "buy" rating to an "underperform" rating and reduced their price objective for the stock from $72.00 to $50.00 in a research note on Friday, March 7th. UBS Group set a $50.00 price target on Air Lease in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. boosted 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. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Air Lease currently has an average rating of "Moderate Buy" and an average target price 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.