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Copeland Capital Management LLC Decreases Stock Holdings in Air Lease Co. (NYSE:AL)

Air Lease logo with Transportation background

Copeland Capital Management LLC trimmed its holdings in shares of Air Lease Co. (NYSE:AL - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,777,016 shares of the transportation company's stock after selling 53,978 shares during the period. Air Lease accounts for about 1.6% of Copeland Capital Management LLC's investment portfolio, making the stock its 10th biggest holding. Copeland Capital Management LLC owned approximately 1.60% of Air Lease worth $85,670,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AL. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Air Lease during the third quarter worth $872,000. BCGM Wealth Management LLC acquired a new stake in shares of Air Lease in the 3rd quarter valued at about $1,899,000. Harbor Capital Advisors Inc. lifted its holdings in shares of Air Lease by 109.0% in the third quarter. Harbor Capital Advisors Inc. now owns 161,127 shares of the transportation company's stock valued at $7,297,000 after purchasing an additional 84,016 shares in the last quarter. Raymond James & Associates boosted its position in shares of Air Lease by 12.4% during the third quarter. Raymond James & Associates now owns 459,018 shares of the transportation company's stock worth $20,789,000 after buying an additional 50,675 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Air Lease by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,115,221 shares of the transportation company's stock worth $50,508,000 after buying an additional 36,596 shares in the last quarter. 94.59% of the stock is currently owned by institutional investors.

Air Lease Stock Performance

Shares of AL stock traded up $0.52 during midday trading on Wednesday, hitting $45.52. 196,308 shares of the company were exchanged, compared to its average volume of 615,292. The firm's 50 day moving average price is $48.10 and its two-hundred day moving average price is $46.34. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market capitalization of $5.07 billion, a P/E ratio of 10.37, a PEG ratio of 1.00 and a beta of 1.59. Air Lease Co. has a 52 week low of $39.35 and a 52 week high of $52.31.

Air Lease Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 12th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This is an increase from Air Lease's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 1.93%. Air Lease's payout ratio is 20.05%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AL. 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. JPMorgan Chase & Co. raised their target price on shares of Air Lease from $52.00 to $56.00 and gave the company an "overweight" rating in a research report on Tuesday, November 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $57.60.

Read Our Latest Research Report on AL

Air Lease Company Profile

(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.

Read More

Institutional Ownership by Quarter for Air Lease (NYSE:AL)

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