Janney Montgomery Scott LLC Raises Holdings in Air Lease Co. (NYSE:AL)

Janney Montgomery Scott LLC lifted its stake in shares of Air Lease Co. (NYSE:AL - Free Report) by 27.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,720 shares of the transportation company's stock after purchasing an additional 5,783 shares during the period. Janney Montgomery Scott LLC's holdings in Air Lease were worth $1,288,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. grew its holdings in Air Lease by 0.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 53,625 shares of the transportation company's stock valued at $2,429,000 after buying an additional 314 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Air Lease by 12.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,468 shares of the transportation company's stock worth $157,000 after purchasing an additional 389 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Air Lease by 23.6% during the 4th quarter. GAMMA Investing LLC now owns 2,309 shares of the transportation company's stock worth $111,000 after purchasing an additional 441 shares in the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of Air Lease by 11.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 4,819 shares of the transportation company's stock worth $218,000 after purchasing an additional 511 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Air Lease by 20.0% during the 3rd quarter. KBC Group NV now owns 3,345 shares of the transportation company's stock worth $151,000 after purchasing an additional 557 shares in the last quarter. Institutional investors own 94.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AL shares. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $65.00 price objective on shares of Air Lease in a research note on Thursday, November 21st. JPMorgan Chase & Co. increased their target price on Air Lease from $52.00 to $56.00 and gave the company an "overweight" rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Air Lease has a consensus rating of "Moderate Buy" and an average target price of $57.60.

Air Lease Trading Down 0.5 %

AL stock traded down $0.23 during mid-day trading on Friday, reaching $46.01. The company's stock had a trading volume of 497,053 shares, compared to its average volume of 597,716. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 10.48, a price-to-earnings-growth ratio of 1.00 and a beta of 1.59. The business's 50 day moving average price is $47.81 and its 200 day moving average price is $46.30. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 2.63. Air Lease Co. has a 12 month low of $39.35 and a 12 month high of $52.31.

Air Lease Profile

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.