CenterBook Partners LP trimmed its stake in Air Lease Co. (NYSE:AL - Free Report) by 51.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,442 shares of the transportation company's stock after selling 26,969 shares during the period. CenterBook Partners LP's holdings in Air Lease were worth $1,227,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in AL. Aster Capital Management DIFC Ltd bought a new stake in Air Lease in the fourth quarter valued at about $28,000. SBI Securities Co. Ltd. acquired a new stake in shares of Air Lease in the fourth quarter worth $31,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Air Lease in the third quarter worth $31,000. Brown Brothers Harriman & Co. boosted its stake in shares of Air Lease by 5,245.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,069 shares of the transportation company's stock worth $52,000 after acquiring an additional 1,049 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in Air Lease by 1,506.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,189 shares of the transportation company's stock valued at $57,000 after buying an additional 1,115 shares during the last quarter. Institutional investors and hedge funds own 94.59% of the company's stock.
Air Lease Trading Down 0.3 %
NYSE:AL traded down $0.14 during trading hours on Tuesday, reaching $42.45. The company's stock had a trading volume of 1,029,835 shares, compared to its average volume of 824,371. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.33 and a beta of 1.34. Air Lease Co. has a 1 year low of $38.25 and a 1 year high of $52.31. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a 50-day simple moving average of $46.30 and a 200-day simple moving average of $46.80.
Air Lease (NYSE:AL - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The transportation company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.44. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. Research analysts expect that Air Lease Co. will post 5.16 EPS for the current fiscal year.
Air Lease Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, April 7th. Shareholders 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 2.07%. Air Lease's payout ratio is 26.43%.
Analyst Upgrades and Downgrades
AL has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Air Lease from $56.00 to $57.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. UBS Group set a $50.00 price objective on shares of Air Lease in a research note on Friday, March 7th. Finally, Bank of America lowered shares of Air Lease from a "buy" rating to an "underperform" rating and decreased their price target for the company from $72.00 to $50.00 in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $55.67.
Check Out Our Latest Analysis on Air Lease
About Air Lease
(
Free Report)
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.
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