Marathon Asset Management Ltd Sells 39,032 Shares of Air Lease Co. (NYSE:AL)

Marathon Asset Management Ltd decreased its stake in shares of Air Lease Co. (NYSE:AL - Free Report) by 10.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 336,908 shares of the transportation company's stock after selling 39,032 shares during the quarter. Marathon Asset Management Ltd owned about 0.30% of Air Lease worth $15,323,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Air Lease by 23.6% in the 1st quarter. Vanguard Group Inc. now owns 12,578,106 shares of the transportation company's stock valued at $647,018,000 after purchasing an additional 2,404,649 shares during the period. Principal Financial Group Inc. grew its position in Air Lease by 8,069.3% in the 1st quarter. Principal Financial Group Inc. now owns 532,886 shares of the transportation company's stock valued at $27,412,000 after purchasing an additional 526,363 shares during the period. Artemis Investment Management LLP acquired a new stake in Air Lease in the 2nd quarter valued at $22,339,000. Earnest Partners LLC grew its position in Air Lease by 19.4% in the 1st quarter. Earnest Partners LLC now owns 2,113,615 shares of the transportation company's stock valued at $108,724,000 after purchasing an additional 343,360 shares during the period. Finally, Boston Partners grew its position in Air Lease by 239.9% in the 1st quarter. Boston Partners now owns 307,657 shares of the transportation company's stock valued at $15,827,000 after purchasing an additional 217,153 shares during the period. Institutional investors and hedge funds own 94.59% of the company's stock.

Air Lease Stock Down 0.8 %

NYSE:AL traded down $0.38 during trading hours on Friday, hitting $44.62. 371,506 shares of the company traded hands, compared to its average volume of 988,683. The company has a market cap of $4.97 billion, a PE ratio of 8.98, a PEG ratio of 1.29 and a beta of 1.59. Air Lease Co. has a one year low of $33.33 and a one year high of $52.31. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 2.69. The firm's 50-day simple moving average is $44.32 and its 200-day simple moving average is $46.78.

Air Lease (NYSE:AL - Get Free Report) last released its earnings results on Thursday, August 1st. The transportation company reported $1.15 EPS for the quarter, missing analysts' consensus estimates of $1.56 by ($0.41). Air Lease had a return on equity of 8.97% and a net margin of 20.85%. The business had revenue of $667.29 million for the quarter, compared to the consensus estimate of $687.93 million. Equities analysts predict that Air Lease Co. will post 4.83 earnings per share for the current year.

Air Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Friday, September 6th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.88%. The ex-dividend date was Friday, September 6th. Air Lease's dividend payout ratio (DPR) is currently 16.94%.

Analyst Ratings Changes

Several analysts recently issued reports on AL shares. JPMorgan Chase & Co. reduced their price target on shares of Air Lease from $54.00 to $52.00 and set an "overweight" rating for the company in a research report on Monday, August 5th. Barclays reduced their price target on shares of Air Lease from $55.00 to $54.00 and set an "overweight" rating for the company in a research report on Friday, August 2nd. Finally, TD Cowen began coverage on Air Lease in a research note on Monday, July 29th. They set a "buy" rating and a $58.00 price objective on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $54.75.

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.