Aperio Group LLC Buys 3,465 Shares of Air Lease Corporation (AL)
Aperio Group LLC increased its stake in shares of Air Lease Corporation (NYSE:AL) by 5.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 72,837 shares of the company’s stock after acquiring an additional 3,465 shares during the period. Aperio Group LLC owned approximately 0.07% of Air Lease Corporation worth $3,104,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. SLS Management LLC acquired a new position in Air Lease Corporation during the 2nd quarter worth approximately $1,535,000. Nationwide Fund Advisors lifted its position in Air Lease Corporation by 45.4% during the 2nd quarter. Nationwide Fund Advisors now owns 33,684 shares of the company’s stock worth $1,258,000 after acquiring an additional 10,517 shares in the last quarter. Wellington Shields Capital Management LLC acquired a new position in Air Lease Corporation during the 2nd quarter worth approximately $243,000. NGAM Advisors L.P. lifted its position in Air Lease Corporation by 2.4% during the 2nd quarter. NGAM Advisors L.P. now owns 18,717 shares of the company’s stock worth $699,000 after acquiring an additional 447 shares in the last quarter. Finally, State Street Corp lifted its position in Air Lease Corporation by 7.1% during the 1st quarter. State Street Corp now owns 1,329,489 shares of the company’s stock worth $51,521,000 after acquiring an additional 88,278 shares in the last quarter. 92.20% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently commented on the company. Credit Suisse Group boosted their price target on Air Lease Corporation from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday. UBS AG boosted their price target on Air Lease Corporation from $30.00 to $31.00 and gave the stock a “sell” rating in a research report on Friday. Cowen and Company boosted their price target on Air Lease Corporation from $45.00 to $54.00 and gave the stock an “outperform” rating in a research report on Friday. Zacks Investment Research lowered Air Lease Corporation from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $80.00 price target on shares of Air Lease Corporation in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of C$48.78.
In other news, EVP Alex A. Khatibi sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of C$40.00, for a total value of C$440,000.00. Following the completion of the sale, the executive vice president now directly owns 142,786 shares in the company, valued at approximately C$5,711,440. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marc H. Baer sold 7,562 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of C$39.72, for a total value of C$300,362.64. Following the completion of the sale, the executive vice president now owns 132,001 shares of the company’s stock, valued at C$5,243,079.72. The disclosure for this sale can be found here. Insiders have sold a total of 24,562 shares of company stock worth $1,000,003 over the last 90 days. 9.76% of the stock is owned by company insiders.
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Shares of Air Lease Corporation (NYSE:AL) opened at C$43.23 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.61. Air Lease Corporation has a twelve month low of C$32.82 and a twelve month high of C$45.15. The stock has a market capitalization of $4,463.06, a P/E ratio of 12.39, a price-to-earnings-growth ratio of 1.31 and a beta of 1.83.
Air Lease Corporation (NYSE:AL) last posted its quarterly earnings data on Thursday, November 9th. The company reported C$0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.87 by C$0.03. Air Lease Corporation had a return on equity of 11.02% and a net margin of 25.67%. The company had revenue of C$376.77 million for the quarter, compared to the consensus estimate of C$374.61 million. During the same period in the previous year, the business earned $1.43 EPS. Air Lease Corporation’s revenue for the quarter was up 6.1% compared to the same quarter last year. equities analysts anticipate that Air Lease Corporation will post 3.41 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Thursday, December 14th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, December 13th. This is an increase from Air Lease Corporation’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.93%. Air Lease Corporation’s payout ratio is currently 8.60%.
Air Lease Corporation Profile
Air Lease Corporation is an aircraft leasing company. The Company is principally engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus SAS. (Airbus), and leasing those aircraft to airlines across the world. Along with its leasing activities, the Company sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies and airlines.
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