Skba Capital Management LLC trimmed its position in Air Lease Co. (NYSE:AL - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 182,515 shares of the transportation company's stock after selling 6,500 shares during the period. Skba Capital Management LLC owned 0.16% of Air Lease worth $8,799,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Arizona State Retirement System increased its position in shares of Air Lease by 0.8% in the fourth quarter. Arizona State Retirement System now owns 30,708 shares of the transportation company's stock worth $1,480,000 after purchasing an additional 244 shares during the last quarter. Principal Securities Inc. grew its stake in Air Lease by 11.6% in the 4th quarter. Principal Securities Inc. now owns 2,655 shares of the transportation company's stock worth $128,000 after buying an additional 276 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Air Lease by 0.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 43,524 shares of the transportation company's stock worth $2,098,000 after buying an additional 318 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Air Lease by 12.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,468 shares of the transportation company's stock valued at $157,000 after buying an additional 389 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Air Lease by 23.6% during the 4th quarter. GAMMA Investing LLC now owns 2,309 shares of the transportation company's stock worth $111,000 after acquiring an additional 441 shares during the last quarter. 94.59% of the stock is owned by institutional investors.
Air Lease Trading Down 6.9 %
Air Lease stock traded down $3.13 during mid-day trading on Friday, hitting $42.00. The company's stock had a trading volume of 1,698,793 shares, compared to its average volume of 744,160. The business has a 50 day moving average price of $46.93 and a 200-day moving average price of $46.97. Air Lease Co. has a 12 month low of $39.43 and a 12 month high of $52.31. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 1.33 and a beta of 1.60. 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 issued 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 EPS for the current year.
Air Lease Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Tuesday, March 18th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Tuesday, March 18th. Air Lease's dividend payout ratio is 26.43%.
Analyst Upgrades and Downgrades
A number of research firms recently commented on AL. JPMorgan Chase & Co. increased their target price on Air Lease from $56.00 to $57.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. UBS Group set a $50.00 price objective on Air Lease in a report on Friday, March 7th. Finally, Bank of America cut Air Lease from a "buy" rating to an "underperform" rating and decreased their price objective for the company from $72.00 to $50.00 in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $55.67.
Read Our Latest Stock Analysis on Air Lease
Air Lease Profile
(
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.
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