Bank of Montreal Can Buys 6,956 Shares of Air Lease Co. (NYSE:AL)

Bank of Montreal Can lifted its holdings in Air Lease Co. (NYSE:AL - Free Report) by 9.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,940 shares of the transportation company's stock after purchasing an additional 6,956 shares during the period. Bank of Montreal Can owned about 0.07% of Air Lease worth $3,757,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AL. SBI Securities Co. Ltd. bought a new position in shares of Air Lease in the fourth quarter valued at $31,000. Raymond James Financial Inc. purchased a new stake in shares of Air Lease during the fourth quarter valued at $31,414,000. Barclays PLC boosted its position in shares of Air Lease by 104.6% in the 3rd quarter. Barclays PLC now owns 86,033 shares of the transportation company's stock valued at $3,897,000 after purchasing an additional 43,981 shares during the period. Principal Financial Group Inc. increased its stake in Air Lease by 9.2% in the 3rd quarter. Principal Financial Group Inc. now owns 830,047 shares of the transportation company's stock worth $37,591,000 after purchasing an additional 69,887 shares in the last quarter. Finally, Reinhart Partners LLC. raised its holdings in Air Lease by 2.7% during the 4th quarter. Reinhart Partners LLC. now owns 1,585,790 shares of the transportation company's stock worth $76,451,000 after buying an additional 42,034 shares during the period. 94.59% of the stock is owned by institutional investors and hedge funds.

Air Lease Stock Down 2.3 %

AL stock traded down $0.98 during mid-day trading on Monday, hitting $41.46. The stock had a trading volume of 1,049,704 shares, compared to its average volume of 761,581. Air Lease Co. has a 1-year low of $38.25 and a 1-year high of $52.31. The company has a fifty day moving average of $45.92 and a 200 day moving average of $46.74. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 2.68. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 1.33 and a beta of 1.34.

Air Lease (NYSE:AL - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The transportation company reported $1.26 EPS for the quarter, topping 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%. On average, equities analysts expect that Air Lease Co. will post 5.16 EPS for the current fiscal year.

Air Lease Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.22 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.12%. Air Lease's dividend payout ratio is currently 26.43%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. UBS Group set a $50.00 price target on shares of Air Lease in a report on Friday, March 7th. Bank of America lowered 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 report on Friday, March 7th. Finally, JPMorgan Chase & Co. upped their price target on Air Lease from $56.00 to $57.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat, Air Lease presently has a consensus rating of "Moderate Buy" and an average target price of $55.67.

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.