Mitsubishi UFJ Trust & Banking Corp bought 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 (SEC). The fund bought 5,476 shares of the transportation company's stock, valued at approximately $264,000.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Air Lease in the 3rd quarter worth approximately $31,000. SBI Securities Co. Ltd. bought a new stake in Air Lease during the fourth quarter worth approximately $31,000. Steward Partners Investment Advisory LLC grew its position in 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 worth $57,000 after buying an additional 1,115 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Air Lease by 679.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,497 shares of the transportation company's stock valued at $72,000 after buying an additional 1,305 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Air Lease by 2,018.9% in the fourth quarter. Venturi Wealth Management LLC now owns 2,246 shares of the transportation company's stock valued at $108,000 after buying an additional 2,140 shares in the last quarter. 94.59% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
AL has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on 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 cut 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 note on Friday, March 7th. Finally, UBS Group set a $50.00 price objective on shares of Air Lease in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $55.67.
Read Our Latest Stock Analysis on AL
Air Lease Stock Down 0.6 %
Shares of AL traded down $0.26 during mid-day trading on Monday, reaching $41.79. The company's stock had a trading volume of 1,750,743 shares, compared to its average volume of 746,614. Air Lease Co. has a 1 year low of $39.43 and a 1 year high of $52.31. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.68. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 1.33 and a beta of 1.34. The business has a fifty day moving average of $46.84 and a 200 day moving average of $46.98.
Air Lease (NYSE:AL - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The transportation company reported $1.26 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts forecast that Air Lease Co. will post 5.16 earnings per share for the current fiscal year.
Air Lease Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Tuesday, March 18th. Air Lease's dividend payout ratio is currently 26.43%.
About Air Lease
(
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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