Air Lease Co. (NYSE:AL) is Royce & Associates LP's 2nd Largest Position

Royce & Associates LP lowered its holdings in shares of Air Lease Co. (NYSE:AL - Free Report) by 14.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,457,333 shares of the transportation company's stock after selling 418,189 shares during the period. Air Lease makes up 1.1% of Royce & Associates LP's holdings, making the stock its 2nd largest position. Royce & Associates LP owned approximately 2.21% of Air Lease worth $118,468,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new position in shares of Air Lease during the 3rd quarter valued at $31,000. SBI Securities Co. Ltd. acquired a new position in Air Lease during the fourth quarter worth about $31,000. Steward Partners Investment Advisory LLC raised its position in Air Lease by 1,506.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,189 shares of the transportation company's stock worth $57,000 after acquiring an additional 1,115 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Air Lease by 679.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,497 shares of the transportation company's stock valued at $72,000 after purchasing an additional 1,305 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Air Lease by 2,018.9% during the 4th quarter. Venturi Wealth Management LLC now owns 2,246 shares of the transportation company's stock valued at $108,000 after purchasing an additional 2,140 shares in the last quarter. Institutional investors and hedge funds own 94.59% of the company's stock.

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Air Lease Stock Down 0.2 %

Shares of AL traded down $0.08 during mid-day trading on Thursday, reaching $47.40. The company's stock had a trading volume of 646,059 shares, compared to its average volume of 742,161. The company has a market cap of $5.28 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 1.33 and a beta of 1.60. The business has a fifty day moving average of $46.64 and a 200 day moving average of $46.63. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.68. Air Lease Co. has a 1 year low of $39.43 and a 1 year high of $52.31.

Air Lease (NYSE:AL - Get Free Report) last released its earnings results on Thursday, February 13th. The transportation company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.44. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. As a group, analysts forecast that Air Lease Co. will post 5.16 earnings per share for the current fiscal year.

Air Lease Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Tuesday, March 18th. Air Lease's dividend payout ratio (DPR) is currently 26.43%.

Analyst Ratings Changes

AL has been the subject of several recent research reports. JPMorgan Chase & Co. increased their target price on shares of Air Lease from $56.00 to $57.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Bank of America downgraded Air Lease from a "buy" rating to an "underperform" rating and cut their price objective for the company from $72.00 to $50.00 in a research report on Friday, March 7th. UBS Group set a $50.00 target price on Air Lease in a report on Friday, March 7th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $65.00 target price on shares of Air Lease in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $55.67.

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.