Air Lease Co. (NYSE:AL) Shares Acquired by Barclays PLC

Barclays PLC grew its holdings in Air Lease Co. (NYSE:AL - Free Report) by 21.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,429 shares of the transportation company's stock after purchasing an additional 18,396 shares during the quarter. Barclays PLC owned approximately 0.09% of Air Lease worth $5,034,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Aster Capital Management DIFC Ltd purchased a new position in Air Lease during the fourth quarter worth $28,000. Wilmington Savings Fund Society FSB purchased a new stake in Air Lease during the 3rd quarter worth about $31,000. SBI Securities Co. Ltd. acquired a new position in Air Lease in the 4th quarter valued at about $31,000. Brown Brothers Harriman & Co. lifted its holdings in Air Lease by 5,245.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,069 shares of the transportation company's stock valued at $52,000 after purchasing an additional 1,049 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Air Lease by 1,506.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,189 shares of the transportation company's stock worth $57,000 after purchasing an additional 1,115 shares during the last quarter. 94.59% of the stock is owned by hedge funds and other institutional investors.

Air Lease Trading Up 0.7 %

NYSE:AL traded up $0.35 during trading hours on Thursday, reaching $47.11. 446,082 shares of the company were exchanged, compared to its average volume of 759,889. Air Lease Co. has a 52-week low of $38.25 and a 52-week high of $52.31. The stock has a 50 day simple moving average of $45.38 and a 200 day simple moving average of $46.80. The firm has a market cap of $5.26 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 1.33 and a beta of 1.34. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.37 and a quick ratio of 0.37.

Air Lease (NYSE:AL - Get Free Report) last issued its earnings results on Thursday, February 13th. The transportation company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.44. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. As a group, analysts predict that Air Lease Co. will post 5.16 EPS for the current year.

Air Lease Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Tuesday, March 18th. Air Lease's dividend payout ratio is presently 26.43%.

Wall Street Analysts Forecast Growth

AL has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted 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. UBS Group set a $50.00 price target on Air Lease in a research note on Friday, March 7th. Finally, Bank of America downgraded Air Lease from a "buy" rating to an "underperform" rating and lowered their price objective for the company from $72.00 to $50.00 in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.