Air Lease Co. (NYSE:AL) Shares Sold by Fmr LLC

FMR LLC lessened its stake in Air Lease Co. (NYSE:AL - Free Report) by 82.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,121 shares of the transportation company's stock after selling 310,374 shares during the quarter. FMR LLC owned approximately 0.06% of Air Lease worth $2,995,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Eastern Bank purchased a new stake in Air Lease during the 3rd quarter valued at about $27,000. Altshuler Shaham Ltd purchased a new stake in shares of Air Lease in the second quarter valued at approximately $29,000. GAMMA Investing LLC increased its holdings in shares of Air Lease by 55.5% in the third quarter. GAMMA Investing LLC now owns 1,868 shares of the transportation company's stock valued at $85,000 after purchasing an additional 667 shares during the last quarter. CWM LLC lifted its position in Air Lease by 16.5% during the second quarter. CWM LLC now owns 3,111 shares of the transportation company's stock worth $148,000 after buying an additional 440 shares in the last quarter. Finally, KBC Group NV boosted its stake in Air Lease by 20.0% during the third quarter. KBC Group NV now owns 3,345 shares of the transportation company's stock worth $151,000 after buying an additional 557 shares during the last quarter. Hedge funds and other institutional investors own 94.59% of the company's stock.

Air Lease Trading Up 0.1 %

AL traded up $0.05 on Friday, hitting $49.42. The company had a trading volume of 569,356 shares, compared to its average volume of 935,619. 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 firm has a market cap of $5.50 billion, a P/E ratio of 11.26, a PEG ratio of 1.55 and a beta of 1.61. The company's fifty day moving average price is $47.23 and its 200 day moving average price is $46.29. Air Lease Co. has a 1 year low of $39.15 and a 1 year high of $52.31.

Air Lease Increases Dividend

The business also recently disclosed 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 positive change from Air Lease's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Thursday, December 12th. Air Lease's dividend payout ratio is currently 20.05%.

Analyst Upgrades and Downgrades

AL has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price target 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. 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. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $57.60.

About Air Lease

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.