Vanguard Group Inc. Purchases 25,229 Shares of Air Lease Co. (NYSE:AL)

Vanguard Group Inc. grew its stake in shares of Air Lease Co. (NYSE:AL - Free Report) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,865,943 shares of the transportation company's stock after buying an additional 25,229 shares during the period. Vanguard Group Inc. owned approximately 10.65% of Air Lease worth $572,057,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of AL. Arizona State Retirement System raised its stake in shares of Air Lease by 0.8% in the 4th quarter. Arizona State Retirement System now owns 30,708 shares of the transportation company's stock valued at $1,480,000 after purchasing an additional 244 shares during the period. Principal Securities Inc. grew its holdings in shares of Air Lease by 11.6% in the 4th quarter. Principal Securities Inc. now owns 2,655 shares of the transportation company's stock valued at $128,000 after acquiring an additional 276 shares in the last quarter. State of New Jersey Common Pension Fund D grew 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 valued at $2,098,000 after acquiring an additional 318 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Air Lease by 12.6% in the third quarter. BNP Paribas Financial Markets now owns 3,468 shares of the transportation company's stock valued at $157,000 after purchasing an additional 389 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Air Lease by 23.6% in the fourth quarter. GAMMA Investing LLC now owns 2,309 shares of the transportation company's stock valued at $111,000 after buying an additional 441 shares in the last quarter. 94.59% of the stock is currently owned by institutional investors and hedge funds.

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Air Lease Trading Down 6.5 %

Shares of NYSE AL traded down $2.93 during midday trading on Friday, reaching $42.21. The stock had a trading volume of 852,314 shares, compared to its average volume of 742,041. Air Lease Co. has a twelve month low of $39.43 and a twelve month high of $52.31. The company's 50 day moving average price is $47.03 and its 200 day moving average price is $46.99. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 12.74, 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 quick ratio of 0.37 and a current ratio of 0.37.

Air Lease (NYSE:AL - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The transportation company reported $1.26 earnings per share (EPS) 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, sell-side analysts expect that Air Lease Co. will post 5.16 EPS for the current year.

Air Lease Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Tuesday, March 18th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.09%. The ex-dividend date is Tuesday, March 18th. Air Lease's payout ratio is currently 26.43%.

Wall Street Analysts Forecast Growth

AL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on Air Lease from $56.00 to $57.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. UBS Group set a $50.00 target price on Air Lease in a research report on Friday, March 7th. Finally, Bank of America cut Air Lease from a "buy" rating to an "underperform" rating and lowered their price objective for the stock from $72.00 to $50.00 in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Air Lease currently has an average rating of "Moderate Buy" and an average price target of $55.67.

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.