Natixis Advisors LLC Has $8.38 Million Stake in Air Lease Co. (NYSE:AL)

Natixis Advisors LLC trimmed its position in shares of Air Lease Co. (NYSE:AL) by 15.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 173,740 shares of the transportation company’s stock after selling 30,837 shares during the period. Natixis Advisors LLC’s holdings in Air Lease were worth $8,376,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Air Lease in the third quarter valued at $31,000. SBI Securities Co. Ltd. acquired a new position in shares of Air Lease in the fourth quarter valued at $31,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Air Lease by 1,506.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,189 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 1,115 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Air Lease by 679.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,497 shares of the transportation company’s stock valued at $72,000 after purchasing an additional 1,305 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Air Lease by 2,018.9% in the fourth quarter. Venturi Wealth Management LLC now owns 2,246 shares of the transportation company’s stock valued at $108,000 after purchasing an additional 2,140 shares during the last quarter. 94.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Air Lease Trading Down 0.2 %

AL opened at $47.40 on Friday. Air Lease Co. has a twelve month low of $39.43 and a twelve month high of $52.31. The company has a 50-day simple moving average of $46.64 and a 200 day simple moving average of $46.63. 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 $5.28 billion, a price-to-earnings ratio of 14.24, a P/E/G ratio of 1.33 and a beta of 1.60.

Air Lease (NYSE:AL) last posted its quarterly earnings data on Thursday, February 13th. The transportation company reported $1.26 earnings per share for the quarter, topping 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%. Analysts predict that Air Lease Co. will post 5.16 EPS for the current fiscal year.

Air Lease Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Tuesday, March 18th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.86%. Air Lease’s dividend payout ratio (DPR) is currently 26.43%.

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.