Dana Investment Advisors Inc. cut its holdings in Air Lease Co. (NYSE:AL - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 78,609 shares of the transportation company's stock after selling 10,254 shares during the quarter. Dana Investment Advisors Inc. owned 0.07% of Air Lease worth $3,790,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of AL. Wilmington Savings Fund Society FSB bought a new stake in Air Lease in the third quarter valued at $31,000. SBI Securities Co. Ltd. acquired a new stake in shares of Air Lease in the 4th quarter valued at about $31,000. Steward Partners Investment Advisory LLC increased its position 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 in the last quarter. Jones Financial Companies Lllp raised its stake in Air Lease by 679.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,497 shares of the transportation company's stock worth $72,000 after buying an additional 1,305 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in Air Lease by 2,018.9% in the fourth quarter. Venturi Wealth Management LLC now owns 2,246 shares of the transportation company's stock worth $108,000 after acquiring an additional 2,140 shares in the last quarter. 94.59% of the stock is currently owned by institutional investors.
Air Lease Price Performance
Shares of AL traded down $2.52 during midday trading on Monday, reaching $43.38. The stock had a trading volume of 1,232,333 shares, compared to its average volume of 695,023. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 2.68. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 1.33 and a beta of 1.60. The company's 50-day moving average is $47.04 and its 200 day moving average is $46.65. Air Lease Co. has a 12-month low of $39.43 and a 12-month high of $52.31.
Air Lease (NYSE:AL - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The transportation company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.44. Air Lease had a net margin of 15.65% and a return on equity of 8.01%. On average, 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. Investors of record on Tuesday, March 18th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Tuesday, March 18th. Air Lease's payout ratio is 26.43%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on AL shares. The Goldman Sachs Group reissued a "buy" rating and set a $65.00 target price on shares of Air Lease in a research report on Thursday, November 21st. Bank of America downgraded Air Lease from a "buy" rating to an "underperform" rating and cut their price target for the company from $72.00 to $50.00 in a research note on Friday. JPMorgan Chase & Co. increased their price objective on 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 target price on Air Lease in a research report on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $55.67.
Check Out Our Latest Research Report on AL
Air Lease Company Profile
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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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