Wellington Management Group LLP Acquires 362,585 Shares of Air Lease Co. (NYSE:AL)

Wellington Management Group LLP increased its position in Air Lease Co. (NYSE:AL - Free Report) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,384,230 shares of the transportation company's stock after buying an additional 362,585 shares during the quarter. Wellington Management Group LLP owned 4.82% of Air Lease worth $259,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. State Street Corp grew its position in shares of Air Lease by 0.8% in the 3rd quarter. State Street Corp now owns 3,410,373 shares of the transportation company's stock valued at $155,180,000 after buying an additional 25,874 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of 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 acquiring an additional 389,070 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Air Lease by 43.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,800,723 shares of the transportation company's stock valued at $134,332,000 after acquiring an additional 842,780 shares during the last quarter. Geode Capital Management LLC increased its position in Air Lease by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,630,317 shares of the transportation company's stock valued at $73,858,000 after purchasing an additional 6,190 shares during the period. Finally, Reinhart Partners LLC. raised its holdings in Air Lease by 2.7% during the 4th quarter. Reinhart Partners LLC. now owns 1,585,790 shares of the transportation company's stock worth $76,451,000 after purchasing an additional 42,034 shares during the last quarter. Institutional investors own 94.59% of the company's stock.

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Air Lease Stock Down 9.8 %

NYSE:AL traded down $4.89 during trading hours on Thursday, reaching $45.08. The company had a trading volume of 2,011,838 shares, compared to its average volume of 741,456. Air Lease Co. has a twelve month low of $39.43 and a twelve month high of $52.31. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.68. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 13.54, a P/E/G ratio of 1.33 and a beta of 1.60. The business's 50-day simple moving average is $47.03 and its two-hundred day simple moving average is $46.99.

Air Lease (NYSE:AL - Get Free Report) last issued its earnings results on Thursday, February 13th. The transportation company reported $1.26 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%. On average, equities analysts expect that Air Lease Co. will post 5.16 earnings per share 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 given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Tuesday, March 18th. Air Lease's payout ratio is 26.43%.

Analyst Ratings Changes

AL has been the subject of several recent analyst reports. Bank of America cut shares of Air Lease from a "buy" rating to an "underperform" rating and decreased their price objective for the stock from $72.00 to $50.00 in a research report on Friday, March 7th. JPMorgan Chase & Co. increased their price target on Air Lease from $56.00 to $57.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Finally, UBS Group set a $50.00 price objective on Air Lease in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Air Lease has an average 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.