Stanley Laman Group Ltd. Purchases 1,645 Shares of Air Lease Co. (NYSE:AL)

Stanley Laman Group Ltd. increased its position in shares of Air Lease Co. (NYSE:AL) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,754 shares of the transportation company’s stock after purchasing an additional 1,645 shares during the period. Stanley Laman Group Ltd. owned about 0.08% of Air Lease worth $4,423,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AL. Eastern Bank acquired a new stake in Air Lease in the 3rd quarter valued at $27,000. Wilmington Savings Fund Society FSB acquired a new stake in Air Lease in the 3rd quarter valued at $31,000. GAMMA Investing LLC boosted its stake in Air Lease by 23.6% in the 4th quarter. GAMMA Investing LLC now owns 2,309 shares of the transportation company’s stock valued at $111,000 after buying an additional 441 shares in the last quarter. KBC Group NV boosted its stake in Air Lease by 20.0% in the 3rd quarter. KBC Group NV now owns 3,345 shares of the transportation company’s stock valued at $151,000 after buying an additional 557 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Air Lease by 12.6% in the third quarter. BNP Paribas Financial Markets now owns 3,468 shares of the transportation company’s stock worth $157,000 after purchasing an additional 389 shares in the last quarter. 94.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on AL. JPMorgan Chase & Co. boosted their price objective on Air Lease from $52.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group reissued a “buy” rating and issued a $65.00 price objective on shares of Air Lease in a research note on Thursday, November 21st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $57.60.

Air Lease Trading Down 0.1 %

Shares of AL opened at $45.77 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 2.63. Air Lease Co. has a 12-month low of $39.35 and a 12-month high of $52.31. The firm has a market capitalization of $5.10 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 1.00 and a beta of 1.59. The stock’s fifty day simple moving average is $47.51 and its 200-day simple moving average is $46.25.

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.