MBM Wealth Consultants LLC Purchases 691 Shares of Air Lease Co. (NYSE:AL)

MBM Wealth Consultants LLC grew its stake in shares of Air Lease Co. (NYSE:AL) by 5.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,847 shares of the transportation company’s stock after acquiring an additional 691 shares during the period. MBM Wealth Consultants LLC’s holdings in Air Lease were worth $664,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AL. Eastern Bank purchased a new stake in shares of Air Lease in the 3rd quarter valued at $27,000. Wilmington Savings Fund Society FSB bought a new position in shares of Air Lease in the 3rd quarter worth approximately $31,000. GAMMA Investing LLC boosted its stake in Air Lease by 55.5% during the third quarter. GAMMA Investing LLC now owns 1,868 shares of the transportation company’s stock worth $85,000 after acquiring an additional 667 shares in the last quarter. KBC Group NV boosted its holdings in Air Lease by 20.0% in the third quarter. KBC Group NV now owns 3,345 shares of the transportation company’s stock worth $151,000 after acquiring an additional 557 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Air Lease by 12.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,468 shares of the transportation company’s stock worth $157,000 after acquiring an additional 389 shares during the last quarter. Institutional investors own 94.59% of the company’s stock.

Air Lease Price Performance

Shares of NYSE:AL opened at $47.38 on Wednesday. The company’s 50 day moving average is $48.75 and its 200 day moving average is $46.48. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 2.63. The company has a market cap of $5.28 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 1.01 and a beta of 1.61. Air Lease Co. has a twelve month low of $39.35 and a twelve month high of $52.31.

Air Lease Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.88 dividend on an annualized basis and a yield of 1.86%. This is a positive change from Air Lease’s previous quarterly dividend of $0.21. Air Lease’s dividend payout ratio (DPR) is presently 20.05%.

Analysts Set New Price Targets

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

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.