Air Lease Co. (NYSE:AL) Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC increased its stake in Air Lease Co. (NYSE:AL) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 92,765 shares of the transportation company’s stock after buying an additional 906 shares during the quarter. Corient Private Wealth LLC’s holdings in Air Lease were worth $4,472,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Arizona State Retirement System grew its stake in shares of Air Lease by 0.8% in the fourth quarter. Arizona State Retirement System now owns 30,708 shares of the transportation company’s stock valued at $1,480,000 after buying an additional 244 shares in the last quarter. Principal Securities Inc. grew its stake in shares of Air Lease by 11.6% in the fourth quarter. Principal Securities Inc. now owns 2,655 shares of the transportation company’s stock valued at $128,000 after buying an additional 276 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of Air Lease by 0.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 43,524 shares of the transportation company’s stock valued at $2,098,000 after buying an additional 318 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Air Lease by 12.6% in the third 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 in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Air Lease by 23.6% in the fourth 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. Institutional investors and hedge funds own 94.59% of the company’s stock.

Air Lease Price Performance

Shares of NYSE AL opened at $47.07 on Friday. Air Lease Co. has a fifty-two week low of $39.43 and a fifty-two week high of $52.31. The business has a 50 day moving average price of $46.68 and a two-hundred day moving average price of $46.64. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.68. The firm has a market cap of $5.24 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 1.33 and a beta of 1.60.

Air Lease (NYSE:AL) last released its earnings results on Thursday, February 13th. The transportation company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.44. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. Sell-side analysts expect that Air Lease Co. will post 5.16 earnings per share for the current fiscal year.

Air Lease Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Tuesday, March 18th. Air Lease’s dividend payout ratio is presently 26.43%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AL. UBS Group set a $50.00 target price on Air Lease in a research note on Friday, March 7th. Bank of America lowered Air Lease from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $72.00 to $50.00 in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. raised their price objective on Air Lease from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $55.67.

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.