Kopernik Global Investors LLC Cuts Position in Air Lease Co. (NYSE:AL)

Kopernik Global Investors LLC reduced its position in Air Lease Co. (NYSE:AL - Free Report) by 21.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,960 shares of the transportation company's stock after selling 73,214 shares during the period. Air Lease comprises 1.4% of Kopernik Global Investors LLC's investment portfolio, making the stock its 20th biggest position. Kopernik Global Investors LLC owned approximately 0.24% of Air Lease worth $12,677,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AL. Wellington Management Group LLP raised its position in shares of Air Lease by 7.2% during the 4th quarter. Wellington Management Group LLP now owns 5,384,230 shares of the transportation company's stock worth $259,574,000 after purchasing an additional 362,585 shares during the last quarter. State Street Corp lifted its position in shares of Air Lease by 0.8% in the third quarter. State Street Corp now owns 3,410,373 shares of the transportation company's stock valued at $155,180,000 after acquiring an additional 25,874 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Air Lease by 13.7% during the fourth quarter. American Century Companies Inc. now owns 3,226,921 shares of the transportation company's stock valued at $155,570,000 after acquiring an additional 389,070 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Air Lease by 43.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,800,723 shares of the transportation company's stock valued at $134,332,000 after acquiring an additional 842,780 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Air Lease by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,630,317 shares of the transportation company's stock worth $73,858,000 after purchasing an additional 6,190 shares in the last quarter. 94.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AL shares. UBS Group set a $50.00 price target on shares of Air Lease in a research note on Friday, March 7th. Bank of America lowered shares of Air Lease from a "buy" rating to an "underperform" rating and decreased their target price for the stock from $72.00 to $50.00 in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. boosted their price target on Air Lease from $56.00 to $57.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $55.67.

Air Lease Trading Up 1.6 %

Shares of AL stock traded up $0.68 during trading hours on Friday, hitting $42.46. 737,376 shares of the company were exchanged, compared to its average volume of 760,426. Air Lease Co. has a 1 year low of $38.25 and a 1 year high of $52.31. The firm has a fifty day moving average of $46.07 and a 200 day moving average of $46.71. The firm has a market cap of $4.75 billion, a PE ratio of 12.75, a PEG ratio of 1.33 and a beta of 1.34. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.68.

Air Lease (NYSE:AL - Get Free Report) last posted its quarterly 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 net margin of 15.65% and a return on equity of 8.01%. Analysts expect that Air Lease Co. will post 5.16 earnings per share for the current year.

Air Lease Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Tuesday, March 18th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Tuesday, March 18th. Air Lease's dividend payout ratio (DPR) is presently 26.43%.

Air Lease Company 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.