Air Lease Co. (NYSE:AL) Shares Acquired by Ellis Investment Partners LLC

Ellis Investment Partners LLC lifted its stake in shares of Air Lease Co. (NYSE:ALFree Report) by 1.7% during the fourth quarter, Holdings Channel reports. The firm owned 72,256 shares of the transportation company’s stock after buying an additional 1,209 shares during the period. Ellis Investment Partners LLC’s holdings in Air Lease were worth $3,030,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in AL. Belpointe Asset Management LLC acquired a new stake in shares of Air Lease during the 1st quarter worth approximately $28,000. Neo Ivy Capital Management bought a new position in Air Lease in the 2nd quarter worth approximately $31,000. CWM LLC grew its holdings in Air Lease by 296.1% in the 3rd quarter. CWM LLC now owns 911 shares of the transportation company’s stock worth $36,000 after buying an additional 681 shares in the last quarter. Quantbot Technologies LP bought a new position in Air Lease in the 3rd quarter worth approximately $48,000. Finally, Tower Research Capital LLC TRC grew its holdings in Air Lease by 421.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,409 shares of the transportation company’s stock worth $59,000 after buying an additional 1,139 shares in the last quarter. 94.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on AL. BMO Capital Markets increased their price objective on Air Lease from $54.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. StockNews.com lowered Air Lease from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Finally, Barclays increased their price objective on Air Lease from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $51.50.

Check Out Our Latest Report on Air Lease

Insider Activity

In other news, EVP Carol Hyland Forsyte sold 3,046 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $40.02, for a total transaction of $121,900.92. Following the completion of the sale, the executive vice president now owns 72,073 shares in the company, valued at approximately $2,884,361.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Carol Hyland Forsyte sold 3,046 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $40.02, for a total value of $121,900.92. Following the completion of the sale, the executive vice president now owns 72,073 shares in the company, valued at $2,884,361.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alex A. Khatibi sold 11,199 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $47.37, for a total value of $530,496.63. Following the completion of the sale, the executive vice president now owns 76,300 shares of the company’s stock, valued at approximately $3,614,331. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,646 shares of company stock worth $3,705,152. Insiders own 6.64% of the company’s stock.

Air Lease Price Performance

NYSE AL traded down $0.60 on Friday, reaching $48.56. 1,151,455 shares of the stock traded hands, compared to its average volume of 1,410,025. The firm’s fifty day simple moving average is $44.99 and its 200 day simple moving average is $40.94. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 2.68. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 9.55, a P/E/G ratio of 0.67 and a beta of 1.65. Air Lease Co. has a 12 month low of $33.33 and a 12 month high of $51.77.

Air Lease (NYSE:ALGet Free Report) last issued its quarterly earnings results on Thursday, February 15th. The transportation company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.79. Air Lease had a return on equity of 8.87% and a net margin of 22.89%. The firm had revenue of $716.57 million during the quarter, compared to analyst estimates of $672.95 million. During the same period last year, the company posted $1.21 EPS. The firm’s quarterly revenue was up 19.1% on a year-over-year basis. As a group, research analysts predict that Air Lease Co. will post 5.64 EPS for the current fiscal year.

Air Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 15th were given a dividend of $0.21 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.73%. Air Lease’s dividend payout ratio (DPR) is presently 16.31%.

Air Lease Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding AL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Lease Co. (NYSE:ALFree Report).

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

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