Natixis Advisors LLC Acquires 16,184 Shares of Air Lease Co. (NYSE:AL)

Natixis Advisors LLC lifted its position in Air Lease Co. (NYSE:AL - Free Report) by 8.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204,577 shares of the transportation company's stock after acquiring an additional 16,184 shares during the period. Natixis Advisors LLC owned approximately 0.18% of Air Lease worth $9,266,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Eastern Bank acquired a new stake in shares of Air Lease in the third quarter valued at approximately $27,000. Altshuler Shaham Ltd acquired a new position in shares of Air Lease in the second quarter valued at $29,000. GAMMA Investing LLC boosted its position in shares of Air Lease by 108.1% in the second quarter. GAMMA Investing LLC now owns 1,201 shares of the transportation company's stock valued at $57,000 after acquiring an additional 624 shares during the period. Hilltop National Bank boosted its position in shares of Air Lease by 33.8% in the second quarter. Hilltop National Bank now owns 1,775 shares of the transportation company's stock valued at $84,000 after acquiring an additional 448 shares during the period. Finally, Monetary Management Group Inc. bought a new stake in shares of Air Lease in the second quarter valued at about $95,000. 94.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AL shares. The Goldman Sachs Group reaffirmed a "buy" rating and set a $65.00 price objective on shares of Air Lease in a research report on Thursday. JPMorgan Chase & Co. upped their price objective on Air Lease from $52.00 to $56.00 and gave the company an "overweight" rating in a research note on Tuesday, November 12th. TD Cowen assumed coverage on Air Lease in a research note on Monday, July 29th. They issued a "buy" rating and a $58.00 price objective for the company. Finally, Barclays lowered their price objective on Air Lease from $55.00 to $54.00 and set an "overweight" rating for the company in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Air Lease presently has a consensus rating of "Moderate Buy" and an average price target of $57.60.

Air Lease Stock Up 1.6 %

NYSE:AL traded up $0.82 during trading hours on Friday, hitting $50.62. 397,217 shares of the company traded hands, compared to its average volume of 956,484. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 2.63. The firm's 50-day simple moving average is $45.20 and its 200-day simple moving average is $46.11. Air Lease Co. has a one year low of $37.65 and a one year high of $52.31. The company has a market cap of $5.64 billion, a PE ratio of 11.35, a PEG ratio of 1.49 and a beta of 1.59.

Air Lease Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.88 annualized dividend and a yield of 1.74%. This is a positive change from Air Lease's previous quarterly dividend of $0.21. Air Lease's dividend payout ratio (DPR) is 19.13%.

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.