Oppenheimer Asset Management Inc. boosted its stake in shares of Air Lease Co. (NYSE:AL - Free Report) by 10.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,410 shares of the transportation company's stock after buying an additional 5,785 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.05% of Air Lease worth $2,864,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Principal Securities Inc. raised its stake in Air Lease by 11.6% during the fourth quarter. Principal Securities Inc. now owns 2,655 shares of the transportation company's stock worth $128,000 after buying an additional 276 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Air Lease by 0.7% during the 4th 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 purchasing an additional 318 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Air Lease by 12.6% during the third quarter. BNP Paribas Financial Markets now owns 3,468 shares of the transportation company's stock worth $157,000 after purchasing an additional 389 shares during the period. GAMMA Investing LLC increased its holdings 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 purchasing an additional 441 shares in the last quarter. Finally, Orion Portfolio Solutions LLC lifted its stake in Air Lease by 11.9% in the third quarter. Orion Portfolio Solutions LLC now owns 4,819 shares of the transportation company's stock valued at $218,000 after buying an additional 511 shares during the period. Institutional investors own 94.59% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on AL. The Goldman Sachs Group reaffirmed a "buy" rating and set a $65.00 price objective on shares of Air Lease in a research report on Thursday, November 21st. JPMorgan Chase & Co. raised their price target on shares of Air Lease from $56.00 to $57.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $58.50.
View Our Latest Research Report on AL
Air Lease Stock Down 1.5 %
Shares of NYSE AL traded down $0.71 during midday trading on Thursday, hitting $46.11. 173,888 shares of the stock traded hands, compared to its average volume of 665,517. Air Lease Co. has a one year low of $39.43 and a one year high of $52.31. The business has a 50 day moving average price of $47.17 and a two-hundred day moving average price of $46.63. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market cap of $5.14 billion, a PE ratio of 13.84, a P/E/G ratio of 1.33 and a beta of 1.59.
Air Lease (NYSE:AL - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The transportation company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.44. Air Lease had a net margin of 15.65% and a return on equity of 8.01%. On average, equities analysts predict that Air Lease Co. will post 5.16 EPS for the current year.
Air Lease Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Tuesday, March 18th will be given a $0.22 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.88 annualized dividend and a yield of 1.91%. Air Lease's payout ratio is 26.43%.
About Air Lease
(
Free Report)
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.
See Also
Before you consider Air Lease, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Air Lease wasn't on the list.
While Air Lease currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
