Sei Investments Co. Buys 5,286 Shares of Air Lease Co. (NYSE:AL)

Sei Investments Co. grew its position in Air Lease Co. (NYSE:AL - Free Report) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 377,484 shares of the transportation company's stock after acquiring an additional 5,286 shares during the period. Sei Investments Co. owned 0.34% of Air Lease worth $18,199,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AL. Allspring Global Investments Holdings LLC increased its stake in shares of Air Lease by 43.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,800,723 shares of the transportation company's stock valued at $134,332,000 after buying an additional 842,780 shares during the period. Raymond James Financial Inc. acquired a new stake in Air Lease in the fourth quarter worth about $31,414,000. American Century Companies Inc. increased its position in Air Lease by 13.7% in the fourth quarter. American Century Companies Inc. now owns 3,226,921 shares of the transportation company's stock worth $155,570,000 after purchasing an additional 389,070 shares during the period. William Blair Investment Management LLC lifted its position in Air Lease by 32.1% during the 4th quarter. William Blair Investment Management LLC now owns 799,478 shares of the transportation company's stock valued at $38,543,000 after purchasing an additional 194,189 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Air Lease by 14.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,022,459 shares of the transportation company's stock valued at $49,293,000 after purchasing an additional 131,453 shares during the period. 94.59% of the stock is owned by institutional investors and hedge funds.

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Air Lease Trading Up 0.3 %

AL traded up $0.13 during mid-day trading on Tuesday, hitting $48.44. The stock had a trading volume of 782,925 shares, compared to its average volume of 740,411. The stock's fifty day simple moving average is $47.01 and its 200-day simple moving average is $46.98. The firm has a market capitalization of $5.41 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 1.33 and a beta of 1.60. Air Lease Co. has a 1-year low of $39.43 and a 1-year high of $52.31. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.37 and a quick ratio of 0.37.

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

Air Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Tuesday, March 18th. Air Lease's dividend payout ratio (DPR) is presently 26.43%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AL. UBS Group set a $50.00 price target on shares of Air Lease in a research note on Friday, March 7th. JPMorgan Chase & Co. lifted their target price 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. Finally, Bank of America downgraded Air Lease from a "buy" rating to an "underperform" rating and cut their price target for the company from $72.00 to $50.00 in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.