Boston Partners Purchases 101,372 Shares of Air Lease Corporation $AL

Boston Partners increased its position in Air Lease Corporation (NYSE:AL) by 31.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 418,760 shares of the transportation company’s stock after purchasing an additional 101,372 shares during the quarter. Boston Partners owned approximately 0.37% of Air Lease worth $24,490,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Neo Ivy Capital Management bought a new position in shares of Air Lease during the 1st quarter worth approximately $1,347,000. KLP Kapitalforvaltning AS lifted its holdings in Air Lease by 7.4% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 21,900 shares of the transportation company’s stock valued at $1,285,000 after purchasing an additional 1,500 shares during the last quarter. LPL Financial LLC lifted its holdings in Air Lease by 11.3% during the 1st quarter. LPL Financial LLC now owns 45,244 shares of the transportation company’s stock valued at $2,186,000 after purchasing an additional 4,601 shares during the last quarter. Hsbc Holdings PLC bought a new position in Air Lease during the first quarter worth $987,000. Finally, Entropy Technologies LP acquired a new position in shares of Air Lease in the first quarter valued at $452,000. 94.59% of the stock is currently owned by institutional investors and hedge funds.

Air Lease Price Performance

Shares of NYSE AL opened at $63.85 on Friday. The stock has a market capitalization of $7.14 billion, a PE ratio of 7.75, a P/E/G ratio of 0.66 and a beta of 1.36. The company has a debt-to-equity ratio of 2.47, a current ratio of 0.42 and a quick ratio of 0.42. The business has a fifty day moving average price of $63.64 and a two-hundred day moving average price of $59.29. Air Lease Corporation has a fifty-two week low of $38.25 and a fifty-two week high of $64.30.

Air Lease (NYSE:AL) last released its earnings results on Monday, November 3rd. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.13. The company had revenue of $725.39 million for the quarter, compared to analyst estimates of $744.59 million. Air Lease had a return on equity of 7.99% and a net margin of 34.04%.Air Lease’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 EPS. As a group, equities analysts predict that Air Lease Corporation 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 Thursday, January 8th. Shareholders of record on Thursday, December 4th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, December 4th. Air Lease’s dividend payout ratio (DPR) is currently 10.20%.

Insider Buying and Selling

In other news, Director Steven F. Udvar-Hazy sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $63.93, for a total transaction of $767,160.00. Following the completion of the sale, the director owned 15,550 shares of the company’s stock, valued at approximately $994,111.50. This represents a 43.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Grant A. Levy sold 5,000 shares of Air Lease stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $63.57, for a total transaction of $317,850.00. Following the completion of the transaction, the executive vice president directly owned 141,316 shares in the company, valued at $8,983,458.12. This trade represents a 3.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 78,408 shares of company stock worth $5,002,933. 6.64% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Cowen cut shares of Air Lease from a “buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Air Lease in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft cut Air Lease from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a report on Wednesday, September 3rd. TD Cowen lowered Air Lease from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Finally, Zacks Research downgraded Air Lease from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 5th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $60.29.

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.