Air Lease Corporation $AL Stock Position Lessened by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. decreased its holdings in Air Lease Corporation (NYSE:AL) by 91.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,225 shares of the transportation company’s stock after selling 52,692 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Air Lease were worth $336,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of AL. True Wealth Design LLC grew its stake in shares of Air Lease by 2,980.0% in the third quarter. True Wealth Design LLC now owns 462 shares of the transportation company’s stock worth $29,000 after purchasing an additional 447 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Air Lease in the 3rd quarter worth $29,000. First Horizon Corp bought a new stake in shares of Air Lease in the 3rd quarter worth $31,000. Nisa Investment Advisors LLC raised its stake in shares of Air Lease by 129.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 528 shares of the transportation company’s stock worth $34,000 after buying an additional 298 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of Air Lease by 75.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 546 shares of the transportation company’s stock worth $35,000 after buying an additional 234 shares in the last quarter. Institutional investors own 94.59% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Zacks Research raised Air Lease from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Barclays reissued an “equal weight” rating and issued a $65.00 price objective (down from $68.00) on shares of Air Lease in a research note on Tuesday, January 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Air Lease in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $66.00.

Air Lease Price Performance

AL opened at $65.00 on Tuesday. Air Lease Corporation has a one year low of $38.25 and a one year high of $65.00. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.46 and a current ratio of 0.46. The stock’s fifty day moving average is $64.76 and its 200-day moving average is $64.24. The company has a market capitalization of $7.28 billion, a PE ratio of 6.98, a P/E/G ratio of 0.54 and a beta of 1.07.

Air Lease (NYSE:AL) last announced its earnings results on Thursday, February 12th. The transportation company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.74. The company had revenue of $679.54 million for the quarter, compared to analyst estimates of $782.67 million. Air Lease had a return on equity of 8.54% and a net margin of 35.72%.Air Lease’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.83 earnings per share. On average, equities analysts predict that Air Lease Corporation will post 5.16 EPS for the current fiscal year.

Air Lease Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 7th. Stockholders of record on Monday, March 2nd were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.4%. Air Lease’s payout ratio is 9.45%.

About Air Lease

Air Lease Corporation (NYSE: AL) is a leading aircraft leasing company that acquires commercial jet aircraft and leases them to airlines worldwide. The firm’s core business activities include direct aircraft acquisition, lease management and portfolio remarketing. By structuring sale‐and‐leaseback transactions, operating leases and secured loans, Air Lease provides flexible financing solutions that enable carriers to modernize their fleets without committing large amounts of capital to ownership.

Founded in 2010 and headquartered in Los Angeles, Air Lease Corporation serves a diverse customer base spanning North America, Europe, Asia, Latin America and the Middle East.