Glaxis Capital Management LLC acquired a new position in shares of Air Lease Co. (NYSE:AL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 31,000 shares of the transportation company's stock, valued at approximately $1,495,000. Air Lease comprises about 4.1% of Glaxis Capital Management LLC's portfolio, making the stock its 8th biggest holding.
Other institutional investors have also recently bought and sold shares of the company. Inspire Advisors LLC bought a new stake in shares of Air Lease in the fourth quarter valued at about $232,000. Amundi boosted its position in Air Lease by 191.1% during the 4th quarter. Amundi now owns 53,088 shares of the transportation company's stock worth $2,509,000 after acquiring an additional 34,853 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Air Lease during the 4th quarter worth approximately $31,414,000. Arizona State Retirement System raised its holdings in shares of Air Lease by 0.8% in the fourth quarter. Arizona State Retirement System now owns 30,708 shares of the transportation company's stock valued at $1,480,000 after purchasing an additional 244 shares during the last quarter. Finally, Verdence Capital Advisors LLC bought a new stake in shares of Air Lease in the fourth quarter worth $379,000. Institutional investors and hedge funds own 94.59% of the company's stock.
Air Lease Stock Up 0.9 %
AL stock opened at $43.75 on Wednesday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.37 and a current ratio of 0.37. The stock's 50 day simple moving average is $46.95 and its 200 day simple moving average is $46.64. Air Lease Co. has a fifty-two week low of $39.43 and a fifty-two week high of $52.31. The company has a market cap of $4.87 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 1.33 and a beta of 1.60.
Air Lease (NYSE:AL - Get Free Report) last announced its earnings results on Thursday, February 13th. The transportation company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.44. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. On average, research analysts expect that Air Lease Co. will post 5.16 earnings per share for the current fiscal year.
Air Lease Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Tuesday, March 18th. Air Lease's payout ratio is currently 26.43%.
Analyst Ratings Changes
A number of research firms have weighed in on AL. The Goldman Sachs Group restated a "buy" rating and issued a $65.00 price target on shares of Air Lease in a research note on Thursday, November 21st. JPMorgan Chase & Co. boosted their target price on shares of Air Lease from $56.00 to $57.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Bank of America lowered shares of Air Lease from a "buy" rating to an "underperform" rating and dropped their price target for the stock from $72.00 to $50.00 in a research report on Friday, March 7th. Finally, UBS Group set a $50.00 price objective on shares of Air Lease in a research report on Friday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $55.67.
Get Our Latest Stock Report on Air Lease
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.
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