Global Assets Advisory LLC Acquires New Holdings in Air Lease Co. (NYSE:AL)

Global Assets Advisory LLC bought a new position in shares of Air Lease Co. (NYSE:AL) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 18,681 shares of the transportation company’s stock, valued at approximately $961,000.

A number of other institutional investors have also recently bought and sold shares of AL. Fulton Bank N.A. raised its holdings in shares of Air Lease by 10.7% during the first quarter. Fulton Bank N.A. now owns 8,794 shares of the transportation company’s stock worth $452,000 after acquiring an additional 847 shares during the period. Alaska Permanent Fund Corp increased its holdings in Air Lease by 5.5% during the 1st quarter. Alaska Permanent Fund Corp now owns 60,418 shares of the transportation company’s stock worth $3,108,000 after purchasing an additional 3,143 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Air Lease in the 1st quarter valued at about $31,000. Reinhart Partners LLC. lifted its holdings in shares of Air Lease by 2.1% in the first quarter. Reinhart Partners LLC. now owns 1,431,200 shares of the transportation company’s stock valued at $73,621,000 after purchasing an additional 28,918 shares in the last quarter. Finally, Quadrature Capital Ltd boosted its position in shares of Air Lease by 350.7% during the fourth quarter. Quadrature Capital Ltd now owns 25,551 shares of the transportation company’s stock worth $1,072,000 after buying an additional 19,882 shares during the period. Institutional investors own 94.59% of the company’s stock.

Air Lease Price Performance

NYSE:AL opened at $47.86 on Thursday. The stock has a market capitalization of $5.33 billion, a PE ratio of 9.65, a P/E/G ratio of 0.91 and a beta of 1.62. Air Lease Co. has a 1-year low of $33.33 and a 1-year high of $52.31. The firm has a fifty day simple moving average of $48.33 and a 200 day simple moving average of $45.18. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 2.69.

Air Lease (NYSE:AL) last announced its quarterly earnings data on Monday, May 6th. The transportation company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.07). The firm had revenue of $663.31 million during the quarter, compared to the consensus estimate of $677.26 million. Air Lease had a net margin of 21.89% and a return on equity of 9.00%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the business earned $1.06 EPS. On average, research analysts expect that Air Lease Co. will post 6.96 EPS for the current fiscal year.

Air Lease Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Tuesday, June 4th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $0.84 annualized dividend and a yield of 1.76%. Air Lease’s dividend payout ratio is 16.94%.

Analyst Upgrades and Downgrades

Several research firms have commented on AL. TD Cowen cut their target price on Air Lease from $59.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday, May 7th. Barclays boosted their price objective on shares of Air Lease from $48.00 to $55.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Finally, StockNews.com lowered shares of Air Lease from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.80.

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.