Air Lease Co. (NYSE:AL) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC decreased its holdings in Air Lease Co. (NYSE:AL) by 24.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,996 shares of the transportation company’s stock after selling 2,307 shares during the quarter. Private Advisor Group LLC’s holdings in Air Lease were worth $317,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stanley Laman Group Ltd. raised its position in Air Lease by 4.5% during the 3rd quarter. Stanley Laman Group Ltd. now owns 90,109 shares of the transportation company’s stock worth $4,081,000 after buying an additional 3,860 shares during the last quarter. Eastern Bank purchased a new position in Air Lease during the 3rd quarter worth $27,000. Sequoia Financial Advisors LLC raised its position in Air Lease by 1.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 60,691 shares of the transportation company’s stock worth $2,749,000 after buying an additional 1,044 shares during the last quarter. Jade Capital Advisors LLC purchased a new position in Air Lease during the 3rd quarter worth $1,132,000. Finally, Copeland Capital Management LLC increased its holdings in shares of Air Lease by 0.7% in the 3rd quarter. Copeland Capital Management LLC now owns 1,830,994 shares of the transportation company’s stock valued at $82,926,000 after purchasing an additional 12,441 shares in the last quarter. Hedge funds and other institutional investors own 94.59% of the company’s stock.

Air Lease Price Performance

AL opened at $47.31 on Thursday. The company’s 50 day simple moving average is $44.33 and its 200 day simple moving average is $46.30. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.50 and a current ratio of 0.50. Air Lease Co. has a 1 year low of $35.90 and a 1 year high of $52.31. The stock has a market capitalization of $5.27 billion, a PE ratio of 10.13, a P/E/G ratio of 1.33 and a beta of 1.59.

Wall Street Analyst Weigh In

AL has been the topic of a number of research reports. TD Cowen assumed coverage on shares of Air Lease in a research note on Monday, July 29th. They issued a “buy” rating and a $58.00 price objective on the stock. JPMorgan Chase & Co. decreased their price target on shares of Air Lease from $54.00 to $52.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Finally, Barclays decreased their price target on shares of Air Lease from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $54.75.

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.