Captrust Financial Advisors Buys 582 Shares of Air Lease Co. (NYSE:AL)

Captrust Financial Advisors lifted its stake in Air Lease Co. (NYSE:AL) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,506 shares of the transportation company’s stock after acquiring an additional 582 shares during the quarter. Captrust Financial Advisors’ holdings in Air Lease were worth $555,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in AL. Aster Capital Management DIFC Ltd bought a new stake in Air Lease in the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. purchased a new position in shares of Air Lease in the 4th quarter worth $31,000. Brown Brothers Harriman & Co. grew its holdings in shares of Air Lease by 5,245.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,069 shares of the transportation company’s stock worth $52,000 after acquiring an additional 1,049 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in shares of Air Lease by 1,506.8% in the fourth 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 during the period. Finally, Jones Financial Companies Lllp increased its position 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 valued at $72,000 after acquiring an additional 1,305 shares during the last quarter. 94.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Grant A. Levy sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $56.85, for a total transaction of $568,500.00. Following the completion of the transaction, the executive vice president now directly owns 146,316 shares of the company’s stock, valued at approximately $8,318,064.60. This trade represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 6.64% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. StockNews.com upgraded Air Lease from a “hold” rating to a “buy” rating in a research note on Wednesday, May 7th. UBS Group set a $50.00 target price on shares of Air Lease in a research report on Friday, March 7th. JPMorgan Chase & Co. increased their price target on shares of Air Lease from $56.00 to $57.00 and gave the stock 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 dropped their price target for the stock from $72.00 to $50.00 in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.67.

Air Lease Price Performance

Shares of NYSE:AL opened at $57.48 on Monday. The company has a market capitalization of $6.42 billion, a P/E ratio of 17.26, a P/E/G ratio of 1.33 and a beta of 1.33. Air Lease Co. has a 1-year low of $38.25 and a 1-year high of $57.80. The firm’s 50 day simple moving average is $47.10 and its two-hundred day simple moving average is $47.58. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.37 and a quick ratio of 0.37.

Air Lease (NYSE:AL) last announced its quarterly earnings data on Monday, May 5th. The transportation company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.24 by $0.27. The firm had revenue of $738.28 million for the quarter, compared to the consensus estimate of $709.70 million. Air Lease had a net margin of 15.65% and a return on equity of 8.01%. The company’s revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $0.87 EPS. Research analysts expect that Air Lease Co. will post 5.16 EPS for the current fiscal year.

Air Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 4th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Wednesday, June 4th. Air Lease’s dividend payout ratio (DPR) is 15.38%.

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.