Blue Trust Inc. Sells 219 Shares of Air Lease Co. (NYSE:AL)

Blue Trust Inc. reduced its holdings in shares of Air Lease Co. (NYSE:AL) by 18.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 982 shares of the transportation company’s stock after selling 219 shares during the period. Blue Trust Inc.’s holdings in Air Lease were worth $47,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of AL. Oppenheimer Asset Management Inc. increased its holdings in shares of Air Lease by 0.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 53,625 shares of the transportation company’s stock valued at $2,429,000 after acquiring an additional 314 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Air Lease by 12.6% in the third quarter. BNP Paribas Financial Markets now owns 3,468 shares of the transportation company’s stock worth $157,000 after buying an additional 389 shares during the last quarter. GAMMA Investing LLC raised its holdings in Air Lease by 23.6% in the fourth quarter. GAMMA Investing LLC now owns 2,309 shares of the transportation company’s stock worth $111,000 after buying an additional 441 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in shares of Air Lease by 11.9% in the third quarter. Orion Portfolio Solutions LLC now owns 4,819 shares of the transportation company’s stock worth $218,000 after buying an additional 511 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Air Lease by 20.0% during the third quarter. KBC Group NV now owns 3,345 shares of the transportation company’s stock valued at $151,000 after buying an additional 557 shares during the last quarter. Institutional investors own 94.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $65.00 price objective on shares of Air Lease in a report on Thursday, November 21st. JPMorgan Chase & Co. boosted their price target on Air Lease from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $58.50.

Air Lease Stock Up 1.3 %

Shares of Air Lease stock opened at $48.16 on Thursday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.68. Air Lease Co. has a twelve month low of $39.40 and a twelve month high of $52.31. The company has a market cap of $5.36 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 1.33 and a beta of 1.59. The company’s 50 day moving average is $47.36 and its 200 day moving average is $46.53.

Air Lease (NYSE:AL) last released its quarterly earnings results on Thursday, February 13th. The transportation company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.44. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. Research analysts anticipate that Air Lease Co. will post 5.16 EPS for the current year.

Air Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Tuesday, March 18th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.88 annualized dividend and a yield of 1.83%. Air Lease’s dividend payout ratio (DPR) is 26.43%.

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.