Charles Schwab Investment Management Inc. Has $55.04 Million Stock Position in Air Lease Co. (NYSE:AL)

Charles Schwab Investment Management Inc. grew its stake in Air Lease Co. (NYSE:AL) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,141,594 shares of the transportation company’s stock after purchasing an additional 26,373 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.02% of Air Lease worth $55,036,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of AL. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Air Lease in the 3rd quarter valued at $872,000. BCGM Wealth Management LLC acquired a new stake in Air Lease during the third quarter worth approximately $1,899,000. SBI Securities Co. Ltd. acquired a new stake in Air Lease during the fourth quarter worth approximately $31,000. Highland Peak Capital LLC acquired a new stake in shares of Air Lease in the third quarter valued at approximately $7,066,000. Finally, Loomis Sayles & Co. L P bought a new position in Air Lease in the third quarter valued at approximately $18,289,000. 94.59% of the stock is currently owned by institutional investors.

Air Lease Price Performance

NYSE:AL opened at $44.48 on Friday. Air Lease Co. has a 52 week low of $39.43 and a 52 week high of $52.31. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.68. The stock has a market capitalization of $4.95 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 1.33 and a beta of 1.60. The stock’s 50-day moving average price is $46.78 and its 200-day moving average price is $46.61.

Air Lease (NYSE:AL) last posted its earnings results on Thursday, February 13th. The transportation company reported $1.26 earnings per share for the quarter, beating 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%. As a group, equities analysts expect that Air Lease Co. will post 5.16 EPS for the current fiscal year.

Air Lease Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Tuesday, March 18th will be given a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.88 annualized dividend and a dividend yield of 1.98%. Air Lease’s dividend payout ratio is presently 26.43%.

Wall Street Analysts Forecast Growth

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

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.