Hexagon Capital Partners LLC Sells 616 Shares of Air Lease Co. (NYSE:AL)

Hexagon Capital Partners LLC lessened its stake in Air Lease Co. (NYSE:AL) by 49.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 638 shares of the transportation company’s stock after selling 616 shares during the period. Hexagon Capital Partners LLC’s holdings in Air Lease were worth $33,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AL. Janney Capital Management LLC boosted its position in shares of Air Lease by 3.1% in the 4th quarter. Janney Capital Management LLC now owns 10,668 shares of the transportation company’s stock worth $447,000 after purchasing an additional 325 shares during the last quarter. Neo Ivy Capital Management grew its position in shares of Air Lease by 32.4% during the 4th quarter. Neo Ivy Capital Management now owns 1,350 shares of the transportation company’s stock worth $57,000 after buying an additional 330 shares during the period. Quent Capital LLC increased its stake in shares of Air Lease by 10.4% in the 4th quarter. Quent Capital LLC now owns 3,798 shares of the transportation company’s stock valued at $159,000 after acquiring an additional 358 shares during the last quarter. Mariner LLC raised its position in shares of Air Lease by 2.1% in the 3rd quarter. Mariner LLC now owns 17,716 shares of the transportation company’s stock valued at $698,000 after acquiring an additional 361 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in Air Lease by 6.6% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 6,492 shares of the transportation company’s stock worth $272,000 after acquiring an additional 404 shares during the last quarter. Institutional investors and hedge funds own 94.59% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Air Lease Stock Performance

Shares of Air Lease stock opened at $46.63 on Tuesday. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.48 and a quick ratio of 0.48. The firm has a market cap of $5.19 billion, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59. The stock’s 50-day moving average is $48.23 and its 200-day moving average is $45.36. Air Lease Co. has a one year low of $33.33 and a one year high of $52.31.

Air Lease (NYSE:AL) last released its quarterly 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 firm 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 company’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the company earned $1.06 EPS. Equities analysts predict that Air Lease Co. will post 6.96 earnings per share for the current fiscal year.

Air Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Tuesday, June 4th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Tuesday, June 4th. Air Lease’s payout ratio is 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.