Barton Investment Management Reduces Holdings in Air Lease Corporation $AL

Barton Investment Management trimmed its holdings in Air Lease Corporation (NYSE:AL) by 14.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 403,246 shares of the transportation company’s stock after selling 69,971 shares during the period. Air Lease comprises about 2.8% of Barton Investment Management’s holdings, making the stock its 7th largest position. Barton Investment Management owned approximately 0.36% of Air Lease worth $25,900,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. True Wealth Design LLC raised its holdings in shares of Air Lease by 2,980.0% in the third quarter. True Wealth Design LLC now owns 462 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 447 shares during the last quarter. Mather Group LLC. purchased a new stake in shares of Air Lease in the third quarter valued at about $29,000. First Horizon Corp purchased a new stake in shares of Air Lease in the third quarter valued at about $31,000. Nisa Investment Advisors LLC raised its holdings in shares of Air Lease by 129.6% in the third quarter. Nisa Investment Advisors LLC now owns 528 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 298 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in shares of Air Lease by 75.0% in the third quarter. Hantz Financial Services Inc. now owns 546 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 234 shares during the last quarter. 94.59% of the stock is owned by institutional investors.

Air Lease Stock Performance

Shares of AL stock opened at $64.98 on Tuesday. Air Lease Corporation has a one year low of $38.25 and a one year high of $64.99. The firm has a 50-day moving average of $64.71 and a 200-day moving average of $64.19. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.46 and a quick ratio of 0.46. The company has a market cap of $7.28 billion, a P/E ratio of 6.98, a P/E/G ratio of 0.54 and a beta of 1.07.

Air Lease (NYSE:AL) last posted its quarterly earnings data on Thursday, February 12th. The transportation company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.74. Air Lease had a net margin of 35.72% and a return on equity of 8.54%. The business had revenue of $679.54 million during the quarter, compared to the consensus estimate of $782.67 million. During the same quarter last year, the company posted $0.83 earnings per share. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. Equities research analysts forecast that Air Lease Corporation will post 5.16 EPS for the current fiscal year.

Air Lease Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 7th. Investors of record on Monday, March 2nd will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, March 2nd. Air Lease’s dividend payout ratio (DPR) is 9.45%.

Wall Street Analyst Weigh In

AL has been the subject of several analyst reports. Zacks Research upgraded shares of Air Lease from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Air Lease in a report on Wednesday, January 21st. Finally, Barclays reiterated an “equal weight” rating and issued a $65.00 target price (down from $68.00) on shares of Air Lease in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $66.00.

Air Lease Company Profile

Air Lease Corporation (NYSE: AL) is a leading aircraft leasing company that acquires commercial jet aircraft and leases them to airlines worldwide. The firm’s core business activities include direct aircraft acquisition, lease management and portfolio remarketing. By structuring sale‐and‐leaseback transactions, operating leases and secured loans, Air Lease provides flexible financing solutions that enable carriers to modernize their fleets without committing large amounts of capital to ownership.

Founded in 2010 and headquartered in Los Angeles, Air Lease Corporation serves a diverse customer base spanning North America, Europe, Asia, Latin America and the Middle East.