Air Lease Co. (NYSE:AL) Position Increased by Boston Partners

Boston Partners increased its stake in Air Lease Co. (NYSE:AL) by 11.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 524,839 shares of the transportation company’s stock after purchasing an additional 52,277 shares during the period. Boston Partners’ holdings in Air Lease were worth $25,298,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in AL. Allspring Global Investments Holdings LLC lifted its holdings in shares of Air Lease by 43.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,800,723 shares of the transportation company’s stock worth $134,332,000 after purchasing an additional 842,780 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Air Lease in the 4th quarter worth approximately $31,414,000. Loomis Sayles & Co. L P bought a new stake in shares of Air Lease in the 3rd quarter worth approximately $18,289,000. William Blair Investment Management LLC lifted its holdings in shares of Air Lease by 32.1% in the 4th quarter. William Blair Investment Management LLC now owns 799,478 shares of the transportation company’s stock worth $38,543,000 after purchasing an additional 194,189 shares during the last quarter. Finally, Highland Peak Capital LLC bought a new stake in shares of Air Lease in the 3rd quarter worth approximately $7,066,000. Institutional investors own 94.59% of the company’s stock.

Analyst Ratings Changes

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

Air Lease Stock Up 2.0 %

Shares of AL stock opened at $47.48 on Thursday. Air Lease Co. has a 1 year low of $39.43 and a 1 year high of $52.31. The stock has a market cap of $5.29 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 1.33 and a beta of 1.60. The business’s fifty day moving average is $46.64 and its 200-day moving average is $46.63. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.37 and a current ratio of 0.37.

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

Air Lease Dividend Announcement

The company 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 dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Tuesday, March 18th. Air Lease’s dividend payout ratio (DPR) is presently 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.