Air Lease Co. (NYSE:AL) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lowered its holdings in Air Lease Co. (NYSE:AL - Free Report) by 15.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 173,740 shares of the transportation company's stock after selling 30,837 shares during the quarter. Natixis Advisors LLC owned about 0.16% of Air Lease worth $8,376,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AL. Arizona State Retirement System grew its holdings in shares of Air Lease by 0.8% during the fourth quarter. Arizona State Retirement System now owns 30,708 shares of the transportation company's stock worth $1,480,000 after purchasing an additional 244 shares during the last quarter. Principal Securities Inc. grew its stake in Air Lease by 11.6% during the 4th quarter. Principal Securities Inc. now owns 2,655 shares of the transportation company's stock worth $128,000 after buying an additional 276 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in Air Lease by 0.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 43,524 shares of the transportation company's stock worth $2,098,000 after buying an additional 318 shares during the period. BNP Paribas Financial Markets lifted its stake in Air Lease by 12.6% in the third quarter. BNP Paribas Financial Markets now owns 3,468 shares of the transportation company's stock valued at $157,000 after buying an additional 389 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Air Lease by 23.6% in the fourth quarter. GAMMA Investing LLC now owns 2,309 shares of the transportation company's stock valued at $111,000 after buying an additional 441 shares during the last quarter. Institutional investors and hedge funds own 94.59% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts have recently commented on AL shares. UBS Group set a $50.00 target price on shares of Air Lease in a report on Friday, March 7th. Bank of America cut shares of Air Lease from a "buy" rating to an "underperform" rating and reduced their target price for the company from $72.00 to $50.00 in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. raised their price target on Air Lease from $56.00 to $57.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $55.67.

Air Lease Stock Performance

Shares of AL stock traded down $0.51 during mid-day trading on Tuesday, hitting $48.99. The stock had a trading volume of 656,360 shares, compared to its average volume of 737,711. Air Lease Co. has a fifty-two week low of $39.43 and a fifty-two week high of $52.31. 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 company's 50-day simple moving average is $46.77 and its 200-day simple moving average is $46.72. The firm has a market cap of $5.48 billion, a PE ratio of 14.71, a PEG ratio of 1.33 and a beta of 1.60.

Air Lease (NYSE:AL - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The transportation company reported $1.26 EPS for the quarter, beating 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%. Sell-side analysts anticipate that Air Lease Co. will post 5.16 earnings per share for the current year.

Air Lease Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Tuesday, March 18th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.80%. The ex-dividend date is Tuesday, March 18th. Air Lease's payout ratio is 26.43%.

About Air Lease

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.