Air Lease Corp (AL) Stake Increased by Aperio Group LLC

Aperio Group LLC lifted its position in shares of Air Lease Corp (NYSE:AL) by 54.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 112,272 shares of the transportation company’s stock after buying an additional 39,435 shares during the period. Aperio Group LLC owned approximately 0.11% of Air Lease worth $5,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Boston Partners boosted its position in shares of Air Lease by 2.0% during the 3rd quarter. Boston Partners now owns 8,664,181 shares of the transportation company’s stock worth $369,267,000 after purchasing an additional 169,454 shares during the period. Bamco Inc. NY boosted its position in shares of Air Lease by 3.1% during the 3rd quarter. Bamco Inc. NY now owns 2,369,082 shares of the transportation company’s stock worth $100,970,000 after purchasing an additional 70,200 shares during the period. Royce & Associates LP boosted its position in shares of Air Lease by 0.3% during the 3rd quarter. Royce & Associates LP now owns 1,382,300 shares of the transportation company’s stock worth $58,914,000 after purchasing an additional 4,500 shares during the period. State Street Corp boosted its position in shares of Air Lease by 1.5% during the 2nd quarter. State Street Corp now owns 1,349,037 shares of the transportation company’s stock worth $50,398,000 after purchasing an additional 19,548 shares during the period. Finally, First Trust Advisors LP boosted its position in Air Lease by 3.4% in the 3rd quarter. First Trust Advisors LP now owns 774,270 shares of the transportation company’s stock valued at $32,999,000 after buying an additional 25,308 shares during the period. Institutional investors and hedge funds own 90.67% of the company’s stock.

In other news, EVP Jie Chen sold 2,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $43.30, for a total value of $86,600.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Grant A. Levy sold 10,000 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $43.88, for a total transaction of $438,800.00. Following the completion of the sale, the executive vice president now owns 163,824 shares in the company, valued at $7,188,597.12. The disclosure for this sale can be found here. Insiders sold a total of 81,000 shares of company stock worth $3,661,430 over the last 90 days. Company insiders own 9.76% of the company’s stock.

Several brokerages have commented on AL. Zacks Investment Research raised shares of Air Lease from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Tuesday, January 9th. ValuEngine cut shares of Air Lease from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Citigroup began coverage on shares of Air Lease in a research report on Friday, December 8th. They issued a “neutral” rating and a $46.00 price target for the company. Royal Bank of Canada reissued a “buy” rating and issued a $80.00 price target on shares of Air Lease in a research report on Thursday, November 2nd. Finally, Bank of America set a $47.00 price target on shares of Air Lease and gave the company a “hold” rating in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $49.40.

Air Lease Corp (NYSE AL) opened at $45.92 on Thursday. Air Lease Corp has a 1 year low of $34.42 and a 1 year high of $50.70. The company has a market cap of $4,604.51, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 0.70 and a beta of 1.71. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.06 and a quick ratio of 1.06.

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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.

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

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