Air Lease Co. (NYSE:AL) Stock Holdings Reduced by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its position in Air Lease Co. (NYSE:AL) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,434 shares of the transportation company’s stock after selling 300 shares during the quarter. New York State Teachers Retirement System’s holdings in Air Lease were worth $1,949,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Air Lease by 0.8% during the 3rd quarter. State Street Corp now owns 3,410,373 shares of the transportation company’s stock worth $155,180,000 after acquiring an additional 25,874 shares in the last quarter. Royce & Associates LP boosted its stake in Air Lease by 2.5% during the 3rd quarter. Royce & Associates LP now owns 2,875,522 shares of the transportation company’s stock valued at $130,232,000 after purchasing an additional 70,299 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Air Lease by 43.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,800,723 shares of the transportation company’s stock valued at $134,332,000 after purchasing an additional 842,780 shares during the period. Geode Capital Management LLC boosted its stake in Air Lease by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,630,317 shares of the transportation company’s stock valued at $73,858,000 after purchasing an additional 6,190 shares during the period. Finally, Reinhart Partners LLC. boosted its stake in Air Lease by 2.7% during the 4th quarter. Reinhart Partners LLC. now owns 1,585,790 shares of the transportation company’s stock valued at $76,451,000 after purchasing an additional 42,034 shares during the period. Hedge funds and other institutional investors own 94.59% of the company’s stock.

Air Lease Stock Down 5.9 %

Shares of NYSE:AL opened at $47.65 on Friday. Air Lease Co. has a 12 month low of $39.39 and a 12 month high of $52.31. The firm has a market cap of $5.31 billion, a P/E ratio of 14.31, a P/E/G ratio of 1.18 and a beta of 1.59. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.68. The company’s 50-day moving average price is $47.42 and its two-hundred day moving average price is $46.43.

Air Lease (NYSE:AL) last posted its quarterly earnings data on Thursday, February 13th. The transportation company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.44. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. As a group, research analysts forecast that Air Lease Co. will post 6.17 EPS for the current fiscal year.

Air Lease Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Tuesday, March 18th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Tuesday, March 18th. Air Lease’s dividend payout ratio (DPR) is presently 26.43%.

Analyst Ratings Changes

Several equities analysts have commented on the company. JPMorgan Chase & Co. upped their price target on Air Lease from $56.00 to $57.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. The Goldman Sachs Group reissued a “buy” rating and issued a $65.00 target price on shares of Air Lease in a report on Thursday, November 21st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $58.50.

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.