8,404 Shares in Air Lease Co. (NYSE:AL) Bought by Sapient Capital LLC

Sapient Capital LLC bought a new position in Air Lease Co. (NYSE:AL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,404 shares of the transportation company’s stock, valued at approximately $352,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AL. Jump Financial LLC acquired a new position in shares of Air Lease during the 3rd quarter worth about $1,256,000. Natixis Advisors L.P. boosted its stake in shares of Air Lease by 0.6% during the 3rd quarter. Natixis Advisors L.P. now owns 186,241 shares of the transportation company’s stock worth $7,340,000 after buying an additional 1,049 shares during the last quarter. Reinhart Partners LLC. boosted its stake in shares of Air Lease by 11.4% during the 4th quarter. Reinhart Partners LLC. now owns 1,402,282 shares of the transportation company’s stock worth $58,812,000 after buying an additional 144,042 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Air Lease by 47.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 938,826 shares of the transportation company’s stock worth $36,999,000 after buying an additional 302,576 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Air Lease by 2.1% during the 3rd quarter. Rhumbline Advisers now owns 117,134 shares of the transportation company’s stock worth $4,616,000 after buying an additional 2,423 shares during the last quarter. 94.59% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Air Lease

In other news, EVP Kishore Korde sold 16,593 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $39.70, for a total transaction of $658,742.10. Following the transaction, the executive vice president now directly owns 112,375 shares of the company’s stock, valued at $4,461,287.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Kishore Korde sold 16,593 shares of Air Lease stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $39.70, for a total value of $658,742.10. Following the transaction, the executive vice president now directly owns 112,375 shares of the company’s stock, valued at $4,461,287.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Carol Hyland Forsyte sold 3,046 shares of Air Lease stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $40.02, for a total transaction of $121,900.92. Following the completion of the transaction, the executive vice president now directly owns 72,073 shares in the company, valued at $2,884,361.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 89,646 shares of company stock valued at $3,705,152. 6.64% of the stock is currently owned by company insiders.

Air Lease Stock Down 1.2 %

Air Lease stock opened at $48.55 on Monday. The stock has a market cap of $5.41 billion, a P/E ratio of 9.43, a P/E/G ratio of 0.66 and a beta of 1.65. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 2.68. Air Lease Co. has a twelve month low of $33.33 and a twelve month high of $51.77. The company’s 50-day moving average price is $45.10 and its two-hundred day moving average price is $41.02.

Air Lease (NYSE:AL) last released its quarterly earnings results on Thursday, February 15th. The transportation company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.79. Air Lease had a net margin of 22.89% and a return on equity of 8.87%. The firm had revenue of $716.57 million for the quarter, compared to analysts’ expectations of $672.95 million. During the same period in the prior year, the firm earned $1.21 EPS. The business’s revenue was up 19.1% on a year-over-year basis. As a group, analysts expect that Air Lease Co. will post 5.64 EPS for the current year.

Air Lease Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 15th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.73%. Air Lease’s dividend payout ratio is presently 16.31%.

Wall Street Analyst Weigh In

AL has been the subject of a number of recent research reports. Barclays increased their price objective on shares of Air Lease from $46.00 to $48.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. BMO Capital Markets raised their target price on shares of Air Lease from $54.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Finally, StockNews.com downgraded shares of Air Lease from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $51.50.

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.