Jade Capital Advisors LLC Acquires Shares of 25,000 Air Lease Co. (NYSE:AL)

Jade Capital Advisors LLC bought a new position in Air Lease Co. (NYSE:AL - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 25,000 shares of the transportation company's stock, valued at approximately $1,132,000.

Several other hedge funds also recently modified their holdings of AL. Altshuler Shaham Ltd acquired a new position in Air Lease in the 2nd quarter valued at $29,000. Mather Group LLC. bought a new position in shares of Air Lease in the first quarter worth about $31,000. GAMMA Investing LLC boosted its stake in Air Lease by 108.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,201 shares of the transportation company's stock valued at $57,000 after purchasing an additional 624 shares during the period. Hilltop National Bank grew its holdings in Air Lease by 33.8% in the 2nd quarter. Hilltop National Bank now owns 1,775 shares of the transportation company's stock valued at $84,000 after buying an additional 448 shares during the last quarter. Finally, Monetary Management Group Inc. bought a new position in Air Lease in the 2nd quarter worth approximately $95,000. Institutional investors and hedge funds own 94.59% of the company's stock.

Wall Street Analyst Weigh In

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

Air Lease Price Performance

Shares of AL stock traded up $0.30 during mid-day trading on Tuesday, reaching $44.26. The company's stock had a trading volume of 459,624 shares, compared to its average volume of 984,540. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.50 and a current ratio of 0.50. The firm's 50-day moving average is $44.38 and its two-hundred day moving average is $46.64. Air Lease Co. has a 1-year low of $33.33 and a 1-year high of $52.31. The company has a market cap of $4.93 billion, a P/E ratio of 8.90, a PEG ratio of 1.29 and a beta of 1.59.

Air Lease (NYSE:AL - Get Free Report) last announced its quarterly 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. On average, research analysts predict that Air Lease Co. will post 4.83 earnings per share for the current year.

Air Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Friday, September 6th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.84 annualized dividend and a yield of 1.90%. Air Lease's dividend payout ratio is currently 16.94%.

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.