Jones Financial Companies Lllp Buys 1,305 Shares of Air Lease Co. (NYSE:AL)

Jones Financial Companies Lllp increased its holdings in Air Lease Co. (NYSE:AL) by 679.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,497 shares of the transportation company’s stock after acquiring an additional 1,305 shares during the quarter. Jones Financial Companies Lllp’s holdings in Air Lease were worth $72,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AL. Wilmington Savings Fund Society FSB purchased a new stake in shares of Air Lease during the third quarter valued at about $31,000. Venturi Wealth Management LLC lifted its position in shares of Air Lease by 2,018.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,246 shares of the transportation company’s stock valued at $108,000 after buying an additional 2,140 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Air Lease by 23.6% during the fourth quarter. GAMMA Investing LLC now owns 2,309 shares of the transportation company’s stock valued at $111,000 after buying an additional 441 shares during the last quarter. Principal Securities Inc. lifted its position in shares of Air Lease by 11.6% during the fourth quarter. Principal Securities Inc. now owns 2,655 shares of the transportation company’s stock valued at $128,000 after buying an additional 276 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Air Lease by 1,606.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,816 shares of the transportation company’s stock valued at $135,000 after buying an additional 2,651 shares during the last quarter. 94.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on AL shares. The Goldman Sachs Group reissued a “buy” rating and set a $65.00 price target on shares of Air Lease in a research report on Thursday, November 21st. UBS Group set a $50.00 price objective on shares of Air Lease in a research report on Friday, March 7th. Bank of America lowered shares of Air Lease from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $72.00 to $50.00 in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Air Lease from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $55.67.

Air Lease Price Performance

Shares of NYSE:AL opened at $46.83 on Tuesday. Air Lease Co. has a twelve month low of $39.43 and a twelve month high of $52.31. The company’s 50 day moving average is $46.67 and its 200 day moving average is $46.62. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 2.68. The company has a market cap of $5.22 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 1.33 and a beta of 1.60.

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

Air Lease Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.88%. Air Lease’s payout ratio 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.