Charles Schwab Investment Management Inc. Has $50.51 Million Stock Position in Air Lease Co. (NYSE:AL)

Charles Schwab Investment Management Inc. increased its position in shares of Air Lease Co. (NYSE:AL) by 3.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,115,221 shares of the transportation company’s stock after acquiring an additional 36,596 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Air Lease were worth $50,508,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Royce & Associates LP raised its holdings in Air Lease by 2.5% during the 3rd quarter. Royce & Associates LP now owns 2,875,522 shares of the transportation company’s stock worth $130,232,000 after purchasing an additional 70,299 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Air Lease by 5.0% during the second quarter. American Century Companies Inc. now owns 2,433,676 shares of the transportation company’s stock worth $115,673,000 after buying an additional 115,293 shares during the last quarter. Earnest Partners LLC lifted its holdings in Air Lease by 7.4% in the second quarter. Earnest Partners LLC now owns 2,269,280 shares of the transportation company’s stock valued at $107,859,000 after buying an additional 155,665 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Air Lease by 5.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,119,561 shares of the transportation company’s stock worth $100,743,000 after purchasing an additional 101,568 shares during the last quarter. Finally, Copeland Capital Management LLC grew its position in shares of Air Lease by 0.7% in the 3rd quarter. Copeland Capital Management LLC now owns 1,830,994 shares of the transportation company’s stock valued at $82,926,000 after purchasing an additional 12,441 shares during the period. Institutional investors and hedge funds own 94.59% of the company’s stock.

Air Lease Stock Up 0.4 %

AL stock opened at $50.90 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 2.63. The business has a 50 day moving average price of $46.11 and a two-hundred day moving average price of $46.21. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 11.59, a P/E/G ratio of 1.57 and a beta of 1.59. Air Lease Co. has a twelve month low of $38.12 and a twelve month high of $52.31.

Air Lease Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, December 12th. This is an increase from Air Lease’s previous quarterly dividend of $0.21. Air Lease’s dividend payout ratio is presently 20.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group reissued a “buy” rating and issued a $65.00 target price on shares of Air Lease in a research report on Thursday, November 21st. JPMorgan Chase & Co. raised their price target on shares of Air Lease from $52.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Air Lease presently has an average rating of “Moderate Buy” and an average price target of $57.60.

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.