Air Lease Co. (NYSE:AL) Shares Acquired by KBC Group NV

KBC Group NV increased its stake in Air Lease Co. (NYSE:AL) by 39.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,681 shares of the transportation company’s stock after acquiring an additional 1,336 shares during the period. KBC Group NV’s holdings in Air Lease were worth $226,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Air Lease in the third quarter valued at about $872,000. BCGM Wealth Management LLC acquired a new position in Air Lease in the third quarter valued at approximately $1,899,000. Harbor Capital Advisors Inc. grew its holdings in shares of Air Lease by 109.0% during the third quarter. Harbor Capital Advisors Inc. now owns 161,127 shares of the transportation company’s stock valued at $7,297,000 after purchasing an additional 84,016 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Air Lease by 12.4% in the 3rd quarter. Raymond James & Associates now owns 459,018 shares of the transportation company’s stock worth $20,789,000 after purchasing an additional 50,675 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Air Lease by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,115,221 shares of the transportation company’s stock valued at $50,508,000 after purchasing an additional 36,596 shares during the period. Hedge funds and other institutional investors own 94.59% of the company’s stock.

Wall Street Analysts Forecast Growth

AL has been the topic of several analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $65.00 target price on shares of Air Lease in a research report on Thursday, November 21st. JPMorgan Chase & Co. lifted their price objective on shares of Air Lease from $52.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and five 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 an average price target of $57.60.

Air Lease Trading Down 0.5 %

Shares of NYSE:AL opened at $44.95 on Wednesday. The company has a 50 day moving average of $48.10 and a 200-day moving average of $46.34. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 2.63. The firm has a market cap of $5.01 billion, a P/E ratio of 10.24, a P/E/G ratio of 1.00 and a beta of 1.59. Air Lease Co. has a twelve month low of $39.35 and a twelve month high of $52.31.

Air Lease Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 12th were issued a $0.22 dividend. This is an increase from Air Lease’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Thursday, December 12th. Air Lease’s payout ratio is presently 20.05%.

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.