LRI Investments LLC Makes New $192,000 Investment in Air Lease Co. (NYSE:AL)

LRI Investments LLC purchased a new position in shares of Air Lease Co. (NYSE:AL) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,933 shares of the transportation company’s stock, valued at approximately $192,000.

Other large investors also recently bought and sold shares of the company. Mather Group LLC. purchased a new position in shares of Air Lease in the 1st quarter valued at $31,000. Hexagon Capital Partners LLC raised its stake in shares of Air Lease by 1,341.4% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,254 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 1,167 shares during the period. Neo Ivy Capital Management raised its stake in shares of Air Lease by 32.4% in the 4th quarter. Neo Ivy Capital Management now owns 1,350 shares of the transportation company’s stock valued at $57,000 after acquiring an additional 330 shares during the period. Principal Securities Inc. purchased a new position in shares of Air Lease in the 4th quarter valued at $77,000. Finally, SRS Capital Advisors Inc. raised its stake in shares of Air Lease by 38.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,452 shares of the transportation company’s stock valued at $103,000 after acquiring an additional 683 shares during the period. Hedge funds and other institutional investors own 94.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays raised their target price on shares of Air Lease from $48.00 to $55.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. TD Cowen lowered their price target on shares of Air Lease from $59.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, May 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.80.

Air Lease Stock Up 2.4 %

AL traded up $1.16 during trading hours on Friday, reaching $49.47. 601,160 shares of the stock traded hands, compared to its average volume of 712,437. The firm’s fifty day simple moving average is $47.40 and its two-hundred day simple moving average is $46.26. The company has a market cap of $5.51 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 1.07 and a beta of 1.59. Air Lease Co. has a fifty-two week low of $33.33 and a fifty-two week high of $52.31. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.48 and a quick ratio of 0.48.

Air Lease (NYSE:AL) last released its quarterly earnings results on Monday, May 6th. The transportation company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.07). The firm had revenue of $663.31 million for the quarter, compared to analyst estimates of $677.26 million. Air Lease had a net margin of 21.89% and a return on equity of 9.00%. Air Lease’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.06 earnings per share. As a group, analysts forecast that Air Lease Co. will post 6.68 earnings per share for the current fiscal year.

Air Lease Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 8th. Shareholders of record on Tuesday, June 4th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Tuesday, June 4th. Air Lease’s dividend payout ratio is currently 16.94%.

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.