American Century Companies Inc. Grows Position in Air Lease Corporation $AL

American Century Companies Inc. lifted its position in Air Lease Corporation (NYSE:AL) by 0.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,564,180 shares of the transportation company’s stock after purchasing an additional 883 shares during the period. American Century Companies Inc. owned about 3.19% of Air Lease worth $208,469,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AL. Dimensional Fund Advisors LP boosted its position in Air Lease by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,592,510 shares of the transportation company’s stock valued at $318,479,000 after buying an additional 31,274 shares during the period. Wellington Management Group LLP raised its stake in shares of Air Lease by 1.3% during the first quarter. Wellington Management Group LLP now owns 5,453,859 shares of the transportation company’s stock valued at $263,476,000 after acquiring an additional 69,629 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Air Lease by 1.2% during the first quarter. JPMorgan Chase & Co. now owns 5,025,421 shares of the transportation company’s stock worth $242,778,000 after purchasing an additional 60,216 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Air Lease by 7.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 3,619,226 shares of the transportation company’s stock worth $211,797,000 after purchasing an additional 265,423 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Air Lease by 2.5% during the 1st quarter. Northern Trust Corp now owns 1,392,292 shares of the transportation company’s stock valued at $67,262,000 after purchasing an additional 33,930 shares during the period. 94.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Air Lease

In other news, CFO Gregory B. Willis sold 23,481 shares of Air Lease stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $63.83, for a total transaction of $1,498,792.23. Following the completion of the transaction, the chief financial officer directly owned 56,408 shares in the company, valued at approximately $3,600,522.64. This trade represents a 29.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven F. Udvar-Hazy sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $63.93, for a total value of $767,160.00. Following the completion of the sale, the director owned 15,550 shares in the company, valued at $994,111.50. The trade was a 43.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 109,175 shares of company stock valued at $6,965,626. 6.64% of the stock is currently owned by company insiders.

Air Lease Price Performance

Shares of AL stock opened at $63.76 on Monday. The business’s fifty day moving average is $63.66 and its 200 day moving average is $60.07. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 2.47. The stock has a market cap of $7.13 billion, a price-to-earnings ratio of 7.74, a PEG ratio of 0.66 and a beta of 1.36. Air Lease Corporation has a twelve month low of $38.25 and a twelve month high of $64.30.

Air Lease (NYSE:AL) last announced its quarterly earnings data on Monday, November 3rd. The transportation company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.16 by $0.13. The business had revenue of $725.39 million during the quarter, compared to analyst estimates of $744.59 million. Air Lease had a return on equity of 7.99% and a net margin of 34.04%.The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 earnings per share. Research analysts expect that Air Lease Corporation 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 Thursday, January 8th. Shareholders of record on Thursday, December 4th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, December 4th. Air Lease’s dividend payout ratio is 10.20%.

Analyst Ratings Changes

Several research firms have weighed in on AL. Cowen cut Air Lease from a “buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft lowered Air Lease from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a research note on Wednesday, September 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Air Lease in a report on Wednesday, October 8th. TD Cowen lowered shares of Air Lease from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Finally, Zacks Research cut shares of Air Lease from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $59.50.

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.