Thrivent Financial for Lutherans Sells 90,066 Shares of Air Lease Co. (NYSE:AL)

Thrivent Financial for Lutherans reduced its stake in shares of Air Lease Co. (NYSE:AL - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,144,181 shares of the transportation company's stock after selling 90,066 shares during the period. Thrivent Financial for Lutherans owned 1.93% of Air Lease worth $103,371,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in Air Lease in the third quarter valued at approximately $31,000. SBI Securities Co. Ltd. acquired a new stake in shares of Air Lease during the fourth quarter worth approximately $31,000. Steward Partners Investment Advisory LLC grew its position in shares of Air Lease by 1,506.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,189 shares of the transportation company's stock worth $57,000 after buying an additional 1,115 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Air Lease by 679.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,497 shares of the transportation company's stock worth $72,000 after purchasing an additional 1,305 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in Air Lease by 2,018.9% in the fourth quarter. Venturi Wealth Management LLC now owns 2,246 shares of the transportation company's stock worth $108,000 after purchasing an additional 2,140 shares during the period. 94.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on AL shares. UBS Group set a $50.00 price objective on shares of Air Lease in a report on Friday, March 7th. Bank of America downgraded shares of Air Lease from a "buy" rating to an "underperform" rating and reduced their price objective for the stock from $72.00 to $50.00 in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of Air Lease from $56.00 to $57.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $55.67.

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Air Lease Trading Down 0.7 %

NYSE AL traded down $0.34 on Friday, hitting $47.07. 1,005,131 shares of the company were exchanged, compared to its average volume of 736,967. The firm has a market capitalization of $5.26 billion, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 1.33 and a beta of 1.60. Air Lease Co. has a twelve month low of $39.43 and a twelve month 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. The company's 50 day moving average price is $46.68 and its 200-day moving average price is $46.66.

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 analysts' consensus estimates of $0.82 by $0.44. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. Analysts predict that Air Lease Co. will post 5.16 earnings per share for the current fiscal year.

Air Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Tuesday, March 18th will be issued a $0.22 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a yield of 1.87%. Air Lease's dividend payout ratio is currently 26.43%.

Air Lease 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.