Air Lease Co. (NYSE:AL) Position Increased by Barclays PLC

Barclays PLC increased its position in shares of Air Lease Co. (NYSE:AL - Free Report) by 104.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 86,033 shares of the transportation company's stock after acquiring an additional 43,981 shares during the quarter. Barclays PLC owned approximately 0.08% of Air Lease worth $3,897,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AL. Eastern Bank acquired a new position in shares of Air Lease during the 3rd quarter valued at about $27,000. Altshuler Shaham Ltd acquired a new position in Air Lease during the second quarter worth approximately $29,000. GAMMA Investing LLC raised its stake in Air Lease by 55.5% during the third quarter. GAMMA Investing LLC now owns 1,868 shares of the transportation company's stock worth $85,000 after purchasing an additional 667 shares during the period. KBC Group NV boosted its holdings in shares of Air Lease by 20.0% in the 3rd quarter. KBC Group NV now owns 3,345 shares of the transportation company's stock valued at $151,000 after purchasing an additional 557 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Air Lease by 12.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,468 shares of the transportation company's stock valued at $157,000 after buying an additional 389 shares during the period. 94.59% of the stock is owned by hedge funds and other institutional investors.

Air Lease Stock Performance

Shares of NYSE AL traded up $0.04 during midday trading on Monday, hitting $48.61. 432,500 shares of the company's stock were exchanged, compared to its average volume of 935,349. Air Lease Co. has a twelve month low of $39.15 and a twelve month high of $52.31. The firm has a market cap of $5.41 billion, a P/E ratio of 11.07, a PEG ratio of 1.55 and a beta of 1.61. The stock's 50 day moving average price is $47.75 and its 200-day moving average price is $46.34. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.43 and a quick ratio of 0.43.

Air Lease Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from Air Lease's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 1.81%. Air Lease's dividend payout ratio (DPR) is 20.05%.

Wall Street Analyst Weigh In

Several research firms have issued reports on AL. JPMorgan Chase & Co. boosted their price objective on shares of Air Lease from $52.00 to $56.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 12th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $65.00 price target on shares of Air Lease in a research report on Thursday, November 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $57.60.

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.