Air Lease Co. (NYSE:AL) Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. increased its stake in shares of Air Lease Co. (NYSE:AL) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,256 shares of the transportation company’s stock after purchasing an additional 1,086 shares during the quarter. Alliancebernstein L.P. owned 0.05% of Air Lease worth $2,760,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Air Lease during the third quarter worth $31,000. SBI Securities Co. Ltd. acquired a new position in shares of Air Lease during the 4th quarter worth about $31,000. Brown Brothers Harriman & Co. increased its holdings in shares of Air Lease by 5,245.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,069 shares of the transportation company’s stock valued at $52,000 after acquiring an additional 1,049 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Air Lease by 1,506.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,189 shares of the transportation company’s stock worth $57,000 after acquiring an additional 1,115 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Air Lease by 679.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,497 shares of the transportation company’s stock worth $72,000 after purchasing an additional 1,305 shares during the last quarter. Hedge funds and other institutional investors own 94.59% of the company’s stock.

Air Lease Price Performance

AL stock opened at $42.45 on Wednesday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 2.68. The company has a market capitalization of $4.74 billion, a P/E ratio of 12.75, a PEG ratio of 1.33 and a beta of 1.34. The business has a 50 day simple moving average of $46.23 and a 200-day simple moving average of $46.77. Air Lease Co. has a twelve month low of $38.25 and a twelve month high of $52.31.

Air Lease (NYSE:AL) last posted its quarterly earnings data on Thursday, February 13th. The transportation company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.44. Air Lease had a net margin of 15.65% and a return on equity of 8.01%. As a group, equities analysts anticipate that Air Lease Co. will post 5.16 EPS for the current year.

Air Lease Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Tuesday, March 18th were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.88 annualized dividend and a dividend yield of 2.07%. Air Lease’s dividend payout ratio (DPR) is currently 26.43%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. UBS Group set a $50.00 price target on shares of Air Lease in a research note on Friday, March 7th. JPMorgan Chase & Co. increased their target price on shares of Air Lease from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Finally, Bank of America cut shares of Air Lease from a “buy” rating to an “underperform” rating and reduced their price target for the company from $72.00 to $50.00 in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.67.

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.