Air Lease Co. (NYSE:AL) Shares Purchased by Caxton Associates LP

Caxton Associates LP grew its stake in shares of Air Lease Co. (NYSE:AL) by 52.3% during the second quarter, HoldingsChannel reports. The firm owned 22,920 shares of the transportation company’s stock after buying an additional 7,870 shares during the period. Caxton Associates LP’s holdings in Air Lease were worth $1,089,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of AL. Altshuler Shaham Ltd purchased a new stake in shares of Air Lease during the 2nd quarter valued at about $29,000. Mather Group LLC. acquired a new stake in Air Lease in the first quarter valued at approximately $31,000. Neo Ivy Capital Management raised its stake in shares of Air Lease by 32.4% during the fourth quarter. Neo Ivy Capital Management now owns 1,350 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 330 shares during the period. GAMMA Investing LLC lifted its position in shares of Air Lease by 108.1% during the second quarter. GAMMA Investing LLC now owns 1,201 shares of the transportation company’s stock worth $57,000 after purchasing an additional 624 shares in the last quarter. Finally, Hilltop National Bank boosted its stake in shares of Air Lease by 33.8% in the second quarter. Hilltop National Bank now owns 1,775 shares of the transportation company’s stock valued at $84,000 after purchasing an additional 448 shares during the period. Institutional investors and hedge funds own 94.59% of the company’s stock.

Air Lease Stock Performance

Shares of Air Lease stock opened at $45.35 on Friday. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.50 and a current ratio of 0.50. Air Lease Co. has a 1 year low of $33.33 and a 1 year high of $52.31. The firm’s 50-day simple moving average is $45.02 and its 200-day simple moving average is $47.19. The firm has a market cap of $5.05 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 1.01 and a beta of 1.59.

Air Lease (NYSE:AL) last released its earnings results on Thursday, August 1st. The transportation company reported $1.15 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $687.93 million. Equities analysts forecast that Air Lease Co. will post 6.46 earnings per share for the current fiscal year.

Air Lease Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on AL shares. JPMorgan Chase & Co. dropped their price target on shares of Air Lease from $54.00 to $52.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. TD Cowen initiated coverage on Air Lease in a research report on Monday, July 29th. They set a “buy” rating and a $58.00 target price on the stock. Finally, Barclays reduced their price target on Air Lease from $55.00 to $54.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.75.

Air Lease 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.