Xponance Inc. Sells 501 Shares of Air Lease Co. (NYSE:AL)

Xponance Inc. lessened its stake in Air Lease Co. (NYSE:AL) by 7.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,814 shares of the transportation company’s stock after selling 501 shares during the period. Xponance Inc.’s holdings in Air Lease were worth $244,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Jump Financial LLC bought a new stake in Air Lease in the 3rd quarter worth approximately $1,256,000. Natixis Advisors L.P. grew its position in Air Lease by 0.6% in the 3rd quarter. Natixis Advisors L.P. now owns 186,241 shares of the transportation company’s stock worth $7,340,000 after purchasing an additional 1,049 shares during the period. Ellis Investment Partners LLC boosted its stake in shares of Air Lease by 1.7% during the 4th quarter. Ellis Investment Partners LLC now owns 72,256 shares of the transportation company’s stock worth $3,030,000 after acquiring an additional 1,209 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 acquiring an additional 144,042 shares during the last quarter. Finally, 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 acquiring an additional 302,576 shares during the last quarter. Institutional investors own 94.59% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AL shares. StockNews.com cut shares of Air Lease from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. BMO Capital Markets lifted their price target on shares of Air Lease from $54.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Finally, Barclays lifted their price target on shares of Air Lease from $48.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Air Lease presently has an average rating of “Moderate Buy” and an average target price of $53.25.

Insider Activity at Air Lease

In related news, EVP Alex A. Khatibi sold 11,199 shares of Air Lease stock in a transaction on Friday, March 15th. The shares were sold at an average price of $47.37, for a total transaction of $530,496.63. Following the transaction, the executive vice president now owns 76,300 shares in the company, valued at approximately $3,614,331. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Air Lease news, CEO John L. Plueger sold 28,515 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $40.06, for a total value of $1,142,310.90. Following the sale, the chief executive officer now owns 808,842 shares in the company, valued at approximately $32,402,210.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Alex A. Khatibi sold 11,199 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $47.37, for a total transaction of $530,496.63. Following the completion of the sale, the executive vice president now owns 76,300 shares in the company, valued at approximately $3,614,331. The disclosure for this sale can be found here. In the last quarter, insiders have sold 89,646 shares of company stock worth $3,705,152. 6.64% of the stock is owned by corporate insiders.

Air Lease Stock Up 0.2 %

AL opened at $51.66 on Friday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.40 and a current ratio of 0.40. Air Lease Co. has a fifty-two week low of $33.33 and a fifty-two week high of $52.31. The firm’s fifty day moving average is $46.63 and its 200 day moving average is $41.81. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of 10.03, a price-to-earnings-growth ratio of 0.70 and a beta of 1.65.

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

Air Lease Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 15th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Thursday, March 14th. Air Lease’s dividend payout ratio (DPR) is 16.31%.

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.