Qsemble Capital Management LP Makes New Investment in Air Lease Co. (NYSE:AL)

Qsemble Capital Management LP purchased a new position in shares of Air Lease Co. (NYSE:AL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,450 shares of the transportation company’s stock, valued at approximately $354,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Mather Group LLC. purchased a new stake in shares of Air Lease in the 1st quarter valued at $31,000. Neo Ivy Capital Management increased its stake in Air Lease by 32.4% during the fourth quarter. Neo Ivy Capital Management now owns 1,350 shares of the transportation company’s stock worth $57,000 after purchasing an additional 330 shares during the period. GAMMA Investing LLC lifted its position in shares of Air Lease by 108.1% during the second quarter. GAMMA Investing LLC now owns 1,201 shares of the transportation company’s stock worth $57,000 after purchasing an additional 624 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of Air Lease in the fourth quarter valued at approximately $77,000. Finally, Hilltop National Bank increased its stake in Air Lease by 33.8% during the 2nd quarter. Hilltop National Bank now owns 1,775 shares of the transportation company’s stock worth $84,000 after buying an additional 448 shares during the period. Institutional investors and hedge funds own 94.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Barclays lowered their target price on Air Lease from $55.00 to $54.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. TD Cowen initiated coverage on shares of Air Lease in a research note on Monday, July 29th. They set a “buy” rating and a $58.00 target price on the stock. Finally, JPMorgan Chase & Co. decreased their price target on shares of Air Lease from $54.00 to $52.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $54.75.

Air Lease Trading Up 2.3 %

Shares of AL opened at $43.65 on Friday. The firm’s 50-day moving average is $45.59 and its two-hundred day moving average is $47.03. Air Lease Co. has a twelve month low of $33.33 and a twelve month high of $52.31. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 2.69. The firm has a market capitalization of $4.86 billion, a P/E ratio of 8.80, a PEG ratio of 0.91 and a beta of 1.59.

Air Lease (NYSE:AL) last released its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.15 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.41). The business had revenue of $667.29 million during the quarter, compared to analysts’ expectations of $687.93 million. Air Lease had a return on equity of 8.97% and a net margin of 20.85%. On average, research analysts predict that Air Lease Co. will post 6.68 earnings per share for the current fiscal year.

Air Lease Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Friday, September 6th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Friday, September 6th. Air Lease’s dividend payout ratio is presently 16.94%.

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.