Air Lease Co. (NYSE:AL) Stock Position Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in Air Lease Co. (NYSE:AL) by 3.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,955 shares of the transportation company’s stock after buying an additional 1,667 shares during the period. Victory Capital Management Inc.’s holdings in Air Lease were worth $2,601,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Principal Securities Inc. boosted its position in shares of Air Lease by 11.6% during the 4th quarter. Principal Securities Inc. now owns 2,655 shares of the transportation company’s stock valued at $128,000 after purchasing an additional 276 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Air Lease by 0.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 53,625 shares of the transportation company’s stock valued at $2,429,000 after purchasing an additional 314 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Air Lease by 0.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 43,524 shares of the transportation company’s stock valued at $2,098,000 after purchasing an additional 318 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Air Lease by 12.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,468 shares of the transportation company’s stock valued at $157,000 after purchasing an additional 389 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Air Lease by 23.6% during the 4th quarter. GAMMA Investing LLC now owns 2,309 shares of the transportation company’s stock valued at $111,000 after purchasing an additional 441 shares in the last quarter. Institutional investors own 94.59% of the company’s stock.

Air Lease Price Performance

AL stock opened at $46.03 on Monday. 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 Co. has a one year low of $39.43 and a one year high of $52.31. The firm has a market capitalization of $5.13 billion, a PE ratio of 13.82, a P/E/G ratio of 1.33 and a beta of 1.60. The firm has a 50-day moving average of $46.68 and a two-hundred day moving average of $46.61.

Air Lease (NYSE:AL) last posted its quarterly earnings results on Thursday, February 13th. The transportation company reported $1.26 earnings per share (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%. On average, analysts forecast that Air Lease Co. will post 5.16 earnings per share for the current year.

Air Lease Dividend Announcement

The business 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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Tuesday, March 18th. Air Lease’s dividend payout ratio (DPR) is 26.43%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AL. JPMorgan Chase & Co. raised 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. Bank of America lowered shares of 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. The Goldman Sachs Group reaffirmed a “buy” rating and set a $65.00 price objective on shares of Air Lease in a research note on Thursday, November 21st. Finally, UBS Group set a $50.00 price objective on shares of Air Lease in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $55.67.

About Air Lease

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.