Air Lease Co. (NYSE:AL) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Air Lease Co. (NYSE:AL - Free Report) by 10.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 223,185 shares of the transportation company's stock after selling 26,968 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.20% of Air Lease worth $10,108,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Air Lease during the 3rd quarter worth approximately $872,000. American Century Companies Inc. boosted its stake in shares of Air Lease by 5.0% during the 2nd quarter. American Century Companies Inc. now owns 2,433,676 shares of the transportation company's stock worth $115,673,000 after acquiring an additional 115,293 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in shares of Air Lease by 7.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 227,921 shares of the transportation company's stock worth $10,833,000 after acquiring an additional 16,281 shares in the last quarter. BCGM Wealth Management LLC purchased a new stake in shares of Air Lease during the 3rd quarter worth approximately $1,899,000. Finally, Hahn Capital Management LLC lifted its stake in Air Lease by 20.2% in the 2nd quarter. Hahn Capital Management LLC now owns 131,470 shares of the transportation company's stock valued at $6,249,000 after buying an additional 22,053 shares in the last quarter. Institutional investors and hedge funds own 94.59% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on AL shares. JPMorgan Chase & Co. upped their target price on Air Lease from $52.00 to $56.00 and gave the company an "overweight" rating in a research note on Tuesday, November 12th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $65.00 target price on shares of Air Lease in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $57.60.

Air Lease Trading Up 0.4 %

Shares of AL stock traded up $0.19 on Monday, reaching $50.22. 653,973 shares of the stock were exchanged, compared to its average volume of 941,058. The stock has a market cap of $5.59 billion, a P/E ratio of 11.44, a price-to-earnings-growth ratio of 1.55 and a beta of 1.61. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 2.63. The firm has a 50 day moving average of $46.74 and a two-hundred day moving average of $46.24. Air Lease Co. has a 1-year low of $38.92 and a 1-year high of $52.31.

Air Lease Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a $0.22 dividend. This is an increase from Air Lease's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, December 12th. Air Lease's dividend payout ratio is currently 19.13%.

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.