636 Shares in Air Lease Co. (NYSE:AL) Bought by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. bought a new stake in Air Lease Co. (NYSE:AL) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 636 shares of the transportation company’s stock, valued at approximately $31,000.

Other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in Air Lease during the 3rd quarter valued at about $31,000. Jones Financial Companies Lllp grew its stake in Air Lease by 679.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,497 shares of the transportation company’s stock valued at $72,000 after acquiring an additional 1,305 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of Air Lease by 2,018.9% in the 4th 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 in the last quarter. GAMMA Investing LLC boosted its position in Air Lease by 23.6% during the fourth quarter. GAMMA Investing LLC now owns 2,309 shares of the transportation company’s stock worth $111,000 after purchasing an additional 441 shares during the period. Finally, Principal Securities Inc. boosted its position in Air Lease by 11.6% during the fourth quarter. Principal Securities Inc. now owns 2,655 shares of the transportation company’s stock worth $128,000 after purchasing an additional 276 shares during the period. Institutional investors and hedge funds own 94.59% of the company’s stock.

Wall Street Analyst Weigh In

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

Air Lease Stock Up 1.5 %

Shares of AL opened at $44.41 on Thursday. Air Lease Co. has a 12 month low of $39.43 and a 12 month high of $52.31. The firm’s 50 day moving average is $46.86 and its 200-day moving average is $46.62. The stock has a market capitalization of $4.95 billion, a PE ratio of 13.34, a P/E/G ratio of 1.33 and a beta of 1.60. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 2.68.

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

Air Lease Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Tuesday, March 18th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Tuesday, March 18th. 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.