Commonwealth Equity Services LLC Has $309,000 Stock Position in Air Lease Co. (NYSE:AL)

Commonwealth Equity Services LLC increased its position in Air Lease Co. (NYSE:AL) by 25.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,499 shares of the transportation company’s stock after purchasing an additional 1,319 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Air Lease were worth $309,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AL. Mather Group LLC. acquired a new position in Air Lease in the first quarter valued at about $31,000. GAMMA Investing LLC boosted its position in shares of Air Lease by 108.1% during the second quarter. GAMMA Investing LLC now owns 1,201 shares of the transportation company’s stock worth $57,000 after purchasing an additional 624 shares in the last quarter. Neo Ivy Capital Management boosted its position in shares of Air Lease by 32.4% during the fourth quarter. Neo Ivy Capital Management now owns 1,350 shares of the transportation company’s stock worth $57,000 after purchasing an additional 330 shares in the last quarter. Hilltop National Bank grew its stake in Air Lease by 33.8% in the second 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. Finally, Monetary Management Group Inc. acquired a new position in shares of Air Lease in the 2nd quarter valued at approximately $95,000. 94.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AL has been the topic of several research reports. Barclays cut their target price on Air Lease from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. JPMorgan Chase & Co. cut their price objective 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. Finally, TD Cowen initiated coverage on shares of Air Lease in a research report on Monday, July 29th. They issued a “buy” rating and a $58.00 target price for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Air Lease has a consensus rating of “Moderate Buy” and an average target price of $54.75.

Air Lease Price Performance

Shares of AL opened at $45.25 on Tuesday. The company has a market cap of $5.04 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 0.91 and a beta of 1.59. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 2.69. The company’s fifty day simple moving average is $45.27 and its 200 day simple moving average is $47.21. Air Lease Co. has a 1-year low of $33.33 and a 1-year high of $52.31.

Air Lease (NYSE:AL) last issued its earnings results on Thursday, August 1st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.41). The firm had revenue of $667.29 million during the quarter, compared to analyst estimates of $687.93 million. Air Lease had a net margin of 20.85% and a return on equity of 8.97%. On average, research analysts forecast that Air Lease Co. will post 6.68 earnings per share for the current fiscal year.

Air Lease Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Friday, September 6th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Friday, September 6th. Air Lease’s dividend payout ratio is 16.94%.

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.