Quadrature Capital Ltd Buys 19,882 Shares of Air Lease Co. (NYSE:AL)

Quadrature Capital Ltd grew its stake in shares of Air Lease Co. (NYSE:AL) by 350.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,551 shares of the transportation company’s stock after buying an additional 19,882 shares during the period. Quadrature Capital Ltd’s holdings in Air Lease were worth $1,072,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AL. Neo Ivy Capital Management bought a new position in shares of Air Lease during the 3rd quarter valued at about $40,000. Hexagon Capital Partners LLC raised its position in Air Lease by 1,341.4% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,254 shares of the transportation company’s stock valued at $53,000 after buying an additional 1,167 shares during the last quarter. Principal Securities Inc. acquired a new stake in Air Lease in the 4th quarter valued at approximately $77,000. SRS Capital Advisors Inc. raised its position in Air Lease by 38.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,452 shares of the transportation company’s stock valued at $103,000 after buying an additional 683 shares during the last quarter. Finally, Orion Capital Management LLC acquired a new stake in Air Lease in the 3rd quarter valued at approximately $126,000. Institutional investors own 94.59% of the company’s stock.

Wall Street Analyst Weigh In

AL has been the topic of a number of recent research reports. Barclays lifted their target price on Air Lease from $48.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. StockNews.com lowered Air Lease from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Finally, TD Cowen lowered their price target on Air Lease from $59.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $53.80.

Air Lease Stock Up 2.2 %

NYSE:AL opened at $46.32 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 2.69. The firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of 9.34, a price-to-earnings-growth ratio of 0.75 and a beta of 1.62. Air Lease Co. has a twelve month low of $33.33 and a twelve month high of $52.31. The stock’s 50 day moving average price is $48.46 and its two-hundred day moving average price is $44.89.

Air Lease (NYSE:AL) last posted its earnings results on Monday, May 6th. The transportation company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.07). The business had revenue of $663.31 million for the quarter, compared to analyst estimates of $677.26 million. Air Lease had a return on equity of 9.00% and a net margin of 21.89%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.06 earnings per share. Equities research analysts expect that Air Lease Co. will post 6.96 earnings per share for the current fiscal year.

Air Lease Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Investors of record on Tuesday, June 4th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Tuesday, June 4th. Air Lease’s payout ratio is presently 16.94%.

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.