Air Lease Co. (NYSE:AL) Shares Acquired by Sei Investments Co.

Sei Investments Co. lifted its holdings in Air Lease Co. (NYSE:AL) by 10.4% in the second quarter, HoldingsChannel reports. The firm owned 314,556 shares of the transportation company’s stock after buying an additional 29,653 shares during the quarter. Sei Investments Co.’s holdings in Air Lease were worth $14,952,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Resolute Capital Asset Partners LLC increased its holdings in Air Lease by 7.1% during the 2nd quarter. Resolute Capital Asset Partners LLC now owns 75,000 shares of the transportation company’s stock worth $3,565,000 after purchasing an additional 5,000 shares during the period. First Eagle Investment Management LLC increased its stake in shares of Air Lease by 1.0% during the second quarter. First Eagle Investment Management LLC now owns 363,787 shares of the transportation company’s stock worth $17,291,000 after buying an additional 3,600 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in Air Lease by 8.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,508 shares of the transportation company’s stock valued at $547,000 after acquiring an additional 936 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Air Lease by 57.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 53,311 shares of the transportation company’s stock worth $2,534,000 after acquiring an additional 19,557 shares during the last quarter. Finally, NINE MASTS CAPITAL Ltd acquired a new position in Air Lease during the 2nd quarter worth approximately $1,222,000. 94.59% of the stock is owned by hedge funds and other institutional investors.

Air Lease Trading Up 0.8 %

Shares of Air Lease stock opened at $45.35 on Friday. The company has a fifty day simple moving average of $45.02 and a 200-day simple moving average of $47.19. Air Lease Co. has a 12-month low of $33.33 and a 12-month high of $52.31. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 2.69. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 1.01 and a beta of 1.59.

Air Lease (NYSE:AL) last issued its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.41). Air Lease had a return on equity of 8.97% and a net margin of 20.85%. The firm had revenue of $667.29 million for the quarter, compared to analysts’ expectations of $687.93 million. On average, equities analysts forecast that Air Lease Co. will post 6.46 EPS for the current fiscal year.

Air Lease Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Friday, September 6th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.85%. The ex-dividend date is Friday, September 6th. Air Lease’s dividend payout ratio (DPR) is 16.94%.

Analyst Upgrades and Downgrades

AL has been the topic of a number of analyst reports. TD Cowen initiated coverage on shares of Air Lease in a report on Monday, July 29th. They issued a “buy” rating and a $58.00 price objective on the stock. Barclays cut their price target on Air Lease from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on Air Lease from $54.00 to $52.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $54.75.

About Air Lease

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.