Jane Street Group LLC Boosts Holdings in Air Lease Corp (AL)

Jane Street Group LLC raised its position in Air Lease Corp (NYSE:AL) by 177.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 32,626 shares of the transportation company’s stock after purchasing an additional 20,851 shares during the period. Jane Street Group LLC’s holdings in Air Lease were worth $1,391,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AL. Bank of Montreal Can grew its holdings in Air Lease by 61.5% in the second quarter. Bank of Montreal Can now owns 6,228 shares of the transportation company’s stock valued at $233,000 after purchasing an additional 2,372 shares during the last quarter. NGAM Advisors L.P. lifted its position in shares of Air Lease by 2.4% in the second quarter. NGAM Advisors L.P. now owns 18,717 shares of the transportation company’s stock valued at $699,000 after acquiring an additional 447 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Air Lease by 79.4% in the second quarter. Canada Pension Plan Investment Board now owns 6,100 shares of the transportation company’s stock valued at $228,000 after acquiring an additional 2,700 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Air Lease by 6.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 352,634 shares of the transportation company’s stock valued at $13,175,000 after acquiring an additional 20,653 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its position in shares of Air Lease by 1.7% in the second quarter. Teacher Retirement System of Texas now owns 7,877 shares of the transportation company’s stock valued at $294,000 after acquiring an additional 134 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors.

AL has been the topic of several recent research reports. Royal Bank of Canada upped their price objective on Air Lease from $79.00 to $80.00 and gave the company a “top pick” rating in a research report on Friday, September 29th. Bank of America set a $47.00 price objective on Air Lease and gave the company a “hold” rating in a research report on Thursday, October 19th. Zacks Investment Research downgraded Air Lease from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Cowen upped their price objective on Air Lease from $45.00 to $54.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Finally, UBS upped their price objective on Air Lease from $30.00 to $31.00 and gave the company a “sell” rating in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $48.50.

Air Lease Corp (NYSE AL) opened at $43.75 on Tuesday. Air Lease Corp has a 12-month low of $34.21 and a 12-month high of $45.15. The firm has a market capitalization of $4,530.18, a PE ratio of 12.57, a P/E/G ratio of 1.32 and a beta of 1.82. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.06 and a current ratio of 1.06.

Air Lease (NYSE:AL) last released its earnings results on Thursday, November 9th. The transportation company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.03. Air Lease had a return on equity of 10.87% and a net margin of 25.67%. The firm had revenue of $376.77 million for the quarter, compared to the consensus estimate of $374.61 million. During the same period in the prior year, the business posted $1.43 earnings per share. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. analysts predict that Air Lease Corp will post 3.44 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Thursday, December 14th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, December 13th. This is an increase from Air Lease’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.91%. Air Lease’s dividend payout ratio is 8.60%.

In other Air Lease news, CEO John L. Plueger sold 300,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $41.34, for a total transaction of $12,402,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,057,310 shares in the company, valued at $43,709,195.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marc H. Baer sold 5,000 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $44.13, for a total value of $220,650.00. Following the sale, the executive vice president now owns 127,001 shares of the company’s stock, valued at $5,604,554.13. The disclosure for this sale can be found here. Insiders have sold 325,000 shares of company stock worth $13,489,290 over the last quarter. 9.76% of the stock is currently owned by company insiders.

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Air Lease Company Profile

Air Lease Corporation is an aircraft leasing company. The Company is principally engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus SAS. (Airbus), and leasing those aircraft to airlines across the world. Along with its leasing activities, the Company sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies and airlines.

Institutional Ownership by Quarter for Air Lease (NYSE:AL)

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