Invesco Ltd. reduced its stake in shares of Air Lease Co. (NYSE:AL - Free Report) by 0.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,601,973 shares of the transportation company's stock after selling 20,330 shares during the period. Invesco Ltd. owned approximately 4.13% of Air Lease worth $221,861,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Aster Capital Management DIFC Ltd acquired a new position in shares of Air Lease during the 4th quarter worth $28,000. Wilmington Savings Fund Society FSB purchased a new position in Air Lease during the 3rd quarter valued at about $31,000. SBI Securities Co. Ltd. acquired a new position in Air Lease during the fourth quarter worth about $31,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Air Lease by 5,245.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,069 shares of the transportation company's stock valued at $52,000 after purchasing an additional 1,049 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Air Lease by 1,506.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,189 shares of the transportation company's stock valued at $57,000 after purchasing an additional 1,115 shares during the last quarter. 94.59% of the stock is owned by institutional investors and hedge funds.
Air Lease Trading Down 0.3 %
AL traded down $0.14 during trading on Tuesday, hitting $42.45. The company's stock had a trading volume of 1,029,836 shares, compared to its average volume of 759,206. Air Lease Co. has a twelve month low of $38.25 and a twelve month high of $52.31. The firm's 50 day moving average price is $46.23 and its 200-day moving average price is $46.77. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market cap of $4.74 billion, a PE ratio of 12.75, a PEG ratio of 1.33 and a beta of 1.34.
Air Lease (NYSE:AL - Get Free Report) last released its earnings results on Thursday, February 13th. The transportation company reported $1.26 EPS for the quarter, beating the consensus estimate 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, analysts expect that Air Lease Co. will post 5.16 earnings per share for the current year.
Air Lease Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Tuesday, March 18th were given a $0.22 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.88 annualized dividend and a dividend yield of 2.07%. Air Lease's dividend payout ratio is presently 26.43%.
Wall Street Analysts Forecast Growth
AL has been the subject of several research reports. Bank of America downgraded Air Lease from a "buy" rating to an "underperform" rating and cut their price objective for the stock from $72.00 to $50.00 in a research report on Friday, March 7th. JPMorgan Chase & Co. upped their price objective on Air Lease from $56.00 to $57.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Finally, UBS Group set a $50.00 price objective on Air Lease in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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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