Air Lease Co. (NYSE:AL) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its stake in Air Lease Co. (NYSE:AL) by 679.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,497 shares of the transportation company’s stock after acquiring an additional 1,305 shares during the quarter. Jones Financial Companies Lllp’s holdings in Air Lease were worth $72,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC lifted its holdings in Air Lease by 1,606.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,816 shares of the transportation company’s stock valued at $135,000 after purchasing an additional 2,651 shares in the last quarter. Factorial Partners LLC lifted its holdings in Air Lease by 5.4% in the 4th quarter. Factorial Partners LLC now owns 84,000 shares of the transportation company’s stock valued at $4,050,000 after purchasing an additional 4,300 shares in the last quarter. US Bancorp DE lifted its holdings in Air Lease by 6.4% in the 4th quarter. US Bancorp DE now owns 89,723 shares of the transportation company’s stock valued at $4,326,000 after purchasing an additional 5,428 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Air Lease in the 4th quarter valued at $593,000. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Air Lease by 10.8% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 59,410 shares of the transportation company’s stock valued at $2,864,000 after purchasing an additional 5,785 shares in the last quarter. Institutional investors and hedge funds own 94.59% of the company’s stock.

Air Lease Trading Up 1.8 %

Shares of AL stock opened at $46.83 on Tuesday. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market cap of $5.22 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 1.33 and a beta of 1.60. The company has a 50-day moving average of $46.67 and a two-hundred day moving average of $46.62. Air Lease Co. has a 1-year low of $39.43 and a 1-year high of $52.31.

Air Lease (NYSE:AL) last posted its quarterly earnings data on Thursday, February 13th. The transportation company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.44. Air Lease had a net margin of 15.65% and a return on equity of 8.01%. On average, analysts predict that Air Lease Co. will post 5.16 EPS for the current year.

Air Lease Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Tuesday, March 18th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.88 annualized dividend and a yield of 1.88%. Air Lease’s dividend payout ratio (DPR) is presently 26.43%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AL shares. Bank of America lowered Air Lease from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $72.00 to $50.00 in a report on Friday, March 7th. UBS Group set a $50.00 price target on Air Lease in a report on Friday, March 7th. JPMorgan Chase & Co. lifted their price target on Air Lease from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $65.00 price target on shares of Air Lease in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $55.67.

Air Lease Company Profile

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.