Valueworks LLC Has $7.85 Million Stock Holdings in Air Lease Co. (NYSE:AL)

Valueworks LLC raised its position in Air Lease Co. (NYSE:AL) by 3.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,373 shares of the transportation company’s stock after buying an additional 6,325 shares during the quarter. Air Lease accounts for 3.0% of Valueworks LLC’s holdings, making the stock its 11th biggest holding. Valueworks LLC owned 0.18% of Air Lease worth $7,849,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Treasurer of the State of North Carolina grew its holdings in shares of Air Lease by 0.7% during the 1st quarter. Treasurer of the State of North Carolina now owns 45,417 shares of the transportation company’s stock worth $1,788,000 after purchasing an additional 320 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Air Lease by 3.3% during the 2nd quarter. Principal Financial Group Inc. now owns 10,761 shares of the transportation company’s stock worth $360,000 after acquiring an additional 348 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Air Lease by 19.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,324 shares of the transportation company’s stock worth $72,000 after acquiring an additional 371 shares in the last quarter. Harbor Investment Advisory LLC boosted its position in shares of Air Lease by 13.8% during the 1st quarter. Harbor Investment Advisory LLC now owns 3,228 shares of the transportation company’s stock worth $127,000 after acquiring an additional 392 shares in the last quarter. Finally, BOKF NA boosted its position in shares of Air Lease by 1.5% during the 4th quarter. BOKF NA now owns 34,668 shares of the transportation company’s stock worth $1,332,000 after acquiring an additional 502 shares in the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AL shares. Citigroup increased their price target on shares of Air Lease from $41.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, August 11th. StockNews.com began coverage on Air Lease in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, Bank of America reduced their price objective on Air Lease from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, August 30th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.80.

Air Lease Stock Performance

NYSE:AL opened at $40.53 on Friday. The stock’s 50-day moving average is $41.58 and its 200-day moving average is $40.37. Air Lease Co. has a 1-year low of $30.08 and a 1-year high of $46.20. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 2.76. The stock has a market cap of $4.50 billion, a P/E ratio of 9.49, a price-to-earnings-growth ratio of 0.92 and a beta of 1.76.

Air Lease (NYSE:AL) last posted its earnings results on Thursday, August 3rd. The transportation company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.09 by $0.01. Air Lease had a net margin of 20.91% and a return on equity of 7.72%. The business had revenue of $672.90 million for the quarter, compared to the consensus estimate of $657.68 million. Equities research analysts anticipate that Air Lease Co. will post 4.57 earnings per share for the current year.

Air Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Tuesday, September 12th will be issued a $0.20 dividend. The ex-dividend date is Monday, September 11th. This represents a $0.80 dividend on an annualized basis and a yield of 1.97%. Air Lease’s payout ratio is 18.74%.

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 also sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. In addition, the company provides fleet management services to investors and owners of aircraft portfolios.