Mutual of America Capital Management LLC Sells 1,445 Shares of Air Lease Co. (NYSE:AL)

Mutual of America Capital Management LLC lessened its position in shares of Air Lease Co. (NYSE:AL) by 8.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,579 shares of the transportation company’s stock after selling 1,445 shares during the period. Mutual of America Capital Management LLC’s holdings in Air Lease were worth $706,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Eastern Bank bought a new position in Air Lease in the third quarter valued at about $27,000. Altshuler Shaham Ltd acquired a new stake in shares of Air Lease in the 2nd quarter valued at approximately $29,000. GAMMA Investing LLC grew its holdings in shares of Air Lease by 108.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,201 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 624 shares during the last quarter. Hilltop National Bank increased its position in Air Lease by 33.8% during the 2nd quarter. Hilltop National Bank now owns 1,775 shares of the transportation company’s stock worth $84,000 after purchasing an additional 448 shares in the last quarter. Finally, Monetary Management Group Inc. bought a new position in Air Lease in the 2nd quarter valued at approximately $95,000. Institutional investors and hedge funds own 94.59% of the company’s stock.

Wall Street Analysts Forecast Growth

AL has been the topic of a number of research reports. Barclays decreased their target price on shares of Air Lease from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. The Goldman Sachs Group restated a “buy” rating and set a $65.00 price objective on shares of Air Lease in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. increased their target price on 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $57.60.

Air Lease Stock Performance

Shares of Air Lease stock opened at $51.22 on Wednesday. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 11.73, a P/E/G ratio of 1.57 and a beta of 1.59. Air Lease Co. has a twelve month low of $37.65 and a twelve month high of $52.31. The company’s fifty day moving average is $45.64 and its 200 day moving average is $46.12. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 2.63.

Air Lease Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Thursday, December 12th. This is a positive change from Air Lease’s previous quarterly dividend of $0.21. Air Lease’s payout ratio is 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.