Sanctuary Advisors LLC Invests $1.95 Million in Air Lease Co. (NYSE:AL)

Sanctuary Advisors LLC purchased a new stake in shares of Air Lease Co. (NYSE:AL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 37,645 shares of the transportation company’s stock, valued at approximately $1,945,000.

Several other institutional investors and hedge funds have also modified their holdings of AL. Altshuler Shaham Ltd acquired a new position in Air Lease in the second quarter valued at approximately $29,000. Mather Group LLC. acquired a new position in Air Lease during the first quarter valued at approximately $31,000. Neo Ivy Capital Management grew its position in shares of Air Lease by 32.4% in the 4th quarter. Neo Ivy Capital Management now owns 1,350 shares of the transportation company’s stock valued at $57,000 after acquiring an additional 330 shares during the period. GAMMA Investing LLC increased its holdings in shares of Air Lease by 108.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,201 shares of the transportation company’s stock worth $57,000 after acquiring an additional 624 shares during the last quarter. Finally, Hilltop National Bank raised its holdings in Air Lease by 33.8% in the 2nd quarter. Hilltop National Bank now owns 1,775 shares of the transportation company’s stock valued at $84,000 after acquiring an additional 448 shares during the period. 94.59% of the stock is owned by institutional investors and hedge funds.

Air Lease Trading Down 0.7 %

NYSE:AL opened at $42.95 on Wednesday. Air Lease Co. has a 1 year low of $33.33 and a 1 year high of $52.31. The stock’s fifty day moving average price is $44.29 and its two-hundred day moving average price is $47.06. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.50 and a quick ratio of 0.50. The company has a market cap of $4.78 billion, a P/E ratio of 8.66, a P/E/G ratio of 1.01 and a beta of 1.59.

Air Lease (NYSE:AL) last issued 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). Air Lease had a return on equity of 8.97% and a net margin of 20.85%. The business had revenue of $667.29 million for the quarter, compared to analysts’ expectations of $687.93 million. As a group, analysts expect that Air Lease Co. will post 6.46 EPS for the current year.

Air Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Friday, September 6th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.84 annualized dividend and a dividend yield of 1.96%. Air Lease’s payout ratio is presently 16.94%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AL. JPMorgan Chase & Co. lowered their price target on shares of Air Lease from $54.00 to $52.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. TD Cowen initiated coverage on Air Lease in a research note on Monday, July 29th. They issued a “buy” rating and a $58.00 price target for the company. Finally, Barclays decreased their price target 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $54.75.

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.