Hahn Capital Management LLC Has $4.27 Million Position in Air Lease Co. (NYSE:AL)

Hahn Capital Management LLC lowered its holdings in shares of Air Lease Co. (NYSE:AL - Free Report) by 28.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 94,272 shares of the transportation company's stock after selling 37,198 shares during the quarter. Air Lease makes up 2.8% of Hahn Capital Management LLC's holdings, making the stock its 21st largest position. Hahn Capital Management LLC owned about 0.08% of Air Lease worth $4,270,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AL. Eastern Bank acquired a new stake in shares of Air Lease in the 3rd quarter worth $27,000. Altshuler Shaham Ltd purchased a new position in Air Lease in the second quarter valued at $29,000. GAMMA Investing LLC grew its position in shares of Air Lease by 108.1% during the second quarter. GAMMA Investing LLC now owns 1,201 shares of the transportation company's stock worth $57,000 after buying an additional 624 shares in the last quarter. Hilltop National Bank grew its holdings in Air Lease by 33.8% during the 2nd quarter. Hilltop National Bank now owns 1,775 shares of the transportation company's stock worth $84,000 after acquiring an additional 448 shares in the last quarter. Finally, Monetary Management Group Inc. acquired a new stake in Air Lease in the second quarter valued at $95,000. 94.59% of the stock is owned by institutional investors and hedge funds.

Air Lease Stock Up 0.8 %

Shares of NYSE AL traded up $0.34 during mid-day trading on Friday, reaching $44.59. The company had a trading volume of 517,994 shares, compared to its average volume of 978,229. The stock has a fifty day moving average of $44.37 and a two-hundred day moving average of $46.56. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.50 and a current ratio of 0.50. Air Lease Co. has a 12-month low of $33.33 and a 12-month high of $52.31. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 9.01, a PEG ratio of 1.29 and a beta of 1.59.

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

Air Lease Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on 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 target price on Air Lease from $55.00 to $54.00 and set an "overweight" rating for the company in a report on Friday, August 2nd. Finally, TD Cowen began 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. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.75.

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.