Air Lease Co. (NYSE:AL) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in shares of Air Lease Co. (NYSE:AL - Free Report) by 3.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,115,221 shares of the transportation company's stock after buying an additional 36,596 shares during the period. Charles Schwab Investment Management Inc. owned about 1.00% of Air Lease worth $50,508,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of AL. Royce & Associates LP boosted its holdings in Air Lease by 2.5% during 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 period. American Century Companies Inc. boosted its stake in shares of Air Lease by 5.0% in the second quarter. American Century Companies Inc. now owns 2,433,676 shares of the transportation company's stock valued at $115,673,000 after purchasing an additional 115,293 shares during the period. Earnest Partners LLC grew its holdings in shares of Air Lease by 7.4% in the second quarter. Earnest Partners LLC now owns 2,269,280 shares of the transportation company's stock valued at $107,859,000 after purchasing an additional 155,665 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Air Lease by 5.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,119,561 shares of the transportation company's stock worth $100,743,000 after buying an additional 101,568 shares during the period. Finally, Copeland Capital Management LLC lifted its holdings in Air Lease by 0.7% during the 3rd quarter. Copeland Capital Management LLC now owns 1,830,994 shares of the transportation company's stock worth $82,926,000 after buying an additional 12,441 shares in the last quarter. 94.59% of the stock is owned by institutional investors and hedge funds.

Air Lease Stock Up 0.4 %

AL stock traded up $0.19 during trading on Friday, hitting $50.90. 256,941 shares of the company's stock were exchanged, compared to its average volume of 686,279. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 1.57 and a beta of 1.59. Air Lease Co. has a 52-week low of $38.12 and a 52-week high of $52.31. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 2.63. The business has a 50-day moving average price of $46.11 and a two-hundred day moving average price of $46.19.

Air Lease Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a $0.22 dividend. This is a boost from Air Lease's previous quarterly dividend of $0.21. The ex-dividend date is Thursday, December 12th. This represents a $0.88 annualized dividend and a dividend yield of 1.73%. Air Lease's dividend payout ratio is presently 19.13%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Air Lease from $52.00 to $56.00 and gave the company an "overweight" rating in a research note on Tuesday, November 12th. The Goldman Sachs Group restated a "buy" rating and set a $65.00 target price on shares of Air Lease in a research note on Thursday, November 21st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Air Lease currently has an average 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.