New Age Alpha Advisors LLC Purchases New Holdings in Air Lease Co. (NYSE:AL)

New Age Alpha Advisors LLC bought a new stake in Air Lease Co. (NYSE:AL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,234 shares of the transportation company's stock, valued at approximately $686,000.

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

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Air Lease Stock Performance

AL stock traded down $3.13 during mid-day trading on Friday, reaching $42.00. 1,698,793 shares of the stock traded hands, compared to its average volume of 742,597. The firm has a market capitalization of $4.69 billion, a PE ratio of 12.61, a P/E/G ratio of 1.33 and a beta of 1.60. The business has a 50-day moving average of $46.93 and a two-hundred day moving average of $46.99. Air Lease Co. has a 52 week low of $39.43 and a 52 week 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.

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

Air Lease Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Tuesday, March 18th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Tuesday, March 18th. Air Lease's dividend payout ratio (DPR) is currently 26.43%.

Wall Street Analysts Forecast Growth

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

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.