Charles Schwab Investment Management Inc. grew its holdings in Air Lease Co. (NYSE:AL - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,141,594 shares of the transportation company's stock after purchasing an additional 26,373 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.02% of Air Lease worth $55,036,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of AL. Principal Securities Inc. boosted its holdings in shares of Air Lease by 11.6% in the 4th quarter. Principal Securities Inc. now owns 2,655 shares of the transportation company's stock valued at $128,000 after acquiring an additional 276 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Air Lease by 0.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 53,625 shares of the transportation company's stock worth $2,429,000 after purchasing an additional 314 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of Air Lease by 0.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 43,524 shares of the transportation company's stock valued at $2,098,000 after purchasing an additional 318 shares during the period. BNP Paribas Financial Markets lifted its holdings in Air Lease by 12.6% in the third quarter. BNP Paribas Financial Markets now owns 3,468 shares of the transportation company's stock valued at $157,000 after acquiring an additional 389 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Air Lease by 23.6% in the 4th quarter. GAMMA Investing LLC now owns 2,309 shares of the transportation company's stock valued at $111,000 after purchasing an additional 441 shares during the last quarter. Hedge funds and other institutional investors own 94.59% of the company's stock.
Analyst Ratings Changes
Several analysts recently weighed in on AL shares. The Goldman Sachs Group reiterated a "buy" rating and issued a $65.00 target price on shares of Air Lease in a report on Thursday, November 21st. Bank of America cut Air Lease from a "buy" rating to an "underperform" rating and lowered their price objective for the stock from $72.00 to $50.00 in a research report on Friday, March 7th. JPMorgan Chase & Co. lifted their price target on shares of Air Lease from $56.00 to $57.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Finally, UBS Group set a $50.00 price target on Air Lease in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.67.
Get Our Latest Report on Air Lease
Air Lease Price Performance
AL stock traded up $0.81 on Monday, reaching $46.83. 724,759 shares of the company's stock were exchanged, compared to its average volume of 752,613. The firm has a market cap of $5.22 billion, a PE ratio of 14.06, a P/E/G ratio of 1.33 and a beta of 1.60. Air Lease Co. has a twelve month low of $39.43 and a twelve month high of $52.31. The stock has a fifty day moving average of $46.68 and a 200-day moving average of $46.61. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.68.
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, topping the consensus estimate of $0.82 by $0.44. Air Lease had a net margin of 15.65% and a return on equity of 8.01%. As a group, equities analysts predict that Air Lease Co. will post 5.16 EPS for the current fiscal 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 given a dividend of $0.22 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a yield of 1.88%. Air Lease's payout ratio is 26.43%.
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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