Air Lease Co. (NYSE:AL) Holdings Decreased by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its holdings in Air Lease Co. (NYSE:AL - Free Report) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 410,911 shares of the transportation company's stock after selling 18,252 shares during the period. New York State Common Retirement Fund owned approximately 0.37% of Air Lease worth $18,610,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. GSA Capital Partners LLP raised its stake in shares of Air Lease by 1.2% in the 1st quarter. GSA Capital Partners LLP now owns 18,776 shares of the transportation company's stock valued at $966,000 after acquiring an additional 217 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in shares of Air Lease by 1.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 21,757 shares of the transportation company's stock valued at $1,119,000 after acquiring an additional 291 shares during the period. CWM LLC raised its stake in shares of Air Lease by 16.5% in the 2nd quarter. CWM LLC now owns 3,111 shares of the transportation company's stock valued at $148,000 after acquiring an additional 440 shares during the period. Hilltop National Bank grew its holdings in shares of Air Lease by 33.8% in the second quarter. Hilltop National Bank now owns 1,775 shares of the transportation company's stock valued at $84,000 after purchasing an additional 448 shares in the last quarter. Finally, Fulton Bank N.A. grew its holdings in shares of Air Lease by 6.6% in the third quarter. Fulton Bank N.A. now owns 9,588 shares of the transportation company's stock valued at $434,000 after purchasing an additional 597 shares in the last quarter. 94.59% of the stock is owned by hedge funds and other institutional investors.

Air Lease Stock Performance

Air Lease stock traded up $0.71 during trading hours on Tuesday, reaching $45.08. 425,199 shares of the stock were exchanged, compared to its average volume of 967,603. The stock has a market cap of $5.02 billion, a P/E ratio of 9.60, a P/E/G ratio of 1.33 and a beta of 1.59. 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 52-week low of $35.90 and a 52-week high of $52.31. The firm's 50 day moving average is $44.29 and its 200 day moving average is $46.33.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AL. JPMorgan Chase & Co. dropped their price objective on shares of Air Lease from $54.00 to $52.00 and set an "overweight" rating for the company in a report on Monday, August 5th. Barclays lowered their price target on shares of 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 assumed coverage on shares of Air Lease in a report on Monday, July 29th. They set a "buy" rating and a $58.00 price target for the company. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $54.75.

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.