Barclays PLC Has $3.90 Million Stake in Air Lease Co. (NYSE:AL)

Barclays PLC increased its position in shares of Air Lease Co. (NYSE:AL) by 104.6% during the third quarter, HoldingsChannel reports. The fund owned 86,033 shares of the transportation company’s stock after buying an additional 43,981 shares during the quarter. Barclays PLC’s holdings in Air Lease were worth $3,897,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AL. Eastern Bank bought a new position in shares of Air Lease during the third quarter valued at $27,000. Altshuler Shaham Ltd acquired a new stake in Air Lease in the second quarter valued at $29,000. GAMMA Investing LLC raised its position in Air Lease by 55.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,868 shares of the transportation company’s stock worth $85,000 after purchasing an additional 667 shares during the last quarter. KBC Group NV lifted its holdings in Air Lease by 20.0% during the 3rd quarter. KBC Group NV now owns 3,345 shares of the transportation company’s stock worth $151,000 after buying an additional 557 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Air Lease by 12.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,468 shares of the transportation company’s stock valued at $157,000 after buying an additional 389 shares during the last quarter. Institutional investors and hedge funds own 94.59% of the company’s stock.

Analyst Upgrades and Downgrades

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

Air Lease Stock Up 2.3 %

Shares of NYSE:AL opened at $48.57 on Monday. The business’s 50-day moving average is $47.75 and its 200-day moving average is $46.34. Air Lease Co. has a 1 year low of $39.15 and a 1 year high of $52.31. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of 11.06, a P/E/G ratio of 1.55 and a beta of 1.61. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.43 and a quick ratio of 0.43.

Air Lease Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.81%. This is a boost from Air Lease’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, December 12th. Air Lease’s dividend payout ratio is presently 20.05%.

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.