Burns Matteson Capital Management LLC Buys Shares of 8,401 Air Lease Co. (NYSE:AL)

Burns Matteson Capital Management LLC acquired a new stake in shares of Air Lease Co. (NYSE:AL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 8,401 shares of the transportation company's stock, valued at approximately $405,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. State Street Corp boosted its holdings in shares of Air Lease by 0.8% during the 3rd quarter. State Street Corp now owns 3,410,373 shares of the transportation company's stock valued at $155,180,000 after purchasing an additional 25,874 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Air Lease by 2.5% in the 3rd quarter. Royce & Associates LP now owns 2,875,522 shares of the transportation company's stock valued at $130,232,000 after acquiring an additional 70,299 shares during the last quarter. Copeland Capital Management LLC lifted its holdings in shares of Air Lease by 0.7% in the 3rd quarter. Copeland Capital Management LLC now owns 1,830,994 shares of the transportation company's stock valued at $82,926,000 after acquiring an additional 12,441 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Air Lease by 0.4% in 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 acquiring an additional 6,190 shares during the last quarter. Finally, Reinhart Partners LLC. lifted 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. Institutional investors own 94.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AL shares. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $65.00 price target on shares of Air Lease in a report on Thursday, November 21st. JPMorgan Chase & Co. raised their target price on shares of Air Lease from $52.00 to $56.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $57.60.

Air Lease Stock Up 1.5 %

AL stock traded up $0.66 during trading on Thursday, hitting $46.36. 727,494 shares of the company's stock traded hands, compared to its average volume of 620,958. The firm has a market capitalization of $5.16 billion, a P/E ratio of 10.56, a PEG ratio of 1.00 and a beta of 1.59. The business has a fifty day simple moving average of $47.42 and a two-hundred day simple moving average of $46.25. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 2.63. Air Lease Co. has a 1 year low of $39.35 and a 1 year high of $52.31.

Air Lease (NYSE:AL - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The transportation company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.44. Air Lease had a net margin of 19.58% and a return on equity of 8.92%. Sell-side analysts anticipate that Air Lease Co. will post 4.65 EPS for the current year.

Air Lease Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Tuesday, March 18th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.90%. Air Lease's dividend payout ratio (DPR) is 20.05%.

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.