DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Boosts Stake in Air Lease Co. (NYSE:AL)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Air Lease Co. (NYSE:AL - Free Report) by 6.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,456,910 shares of the transportation company's stock after purchasing an additional 90,120 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned approximately 1.31% of Air Lease worth $70,238,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new stake in Air Lease during the fourth quarter valued at $28,000. Wilmington Savings Fund Society FSB purchased a new stake in Air Lease in the 3rd quarter valued at about $31,000. SBI Securities Co. Ltd. bought a new position in shares of Air Lease during the 4th quarter valued at approximately $31,000. Brown Brothers Harriman & Co. grew its position in shares of Air Lease by 5,245.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,069 shares of the transportation company's stock valued at $52,000 after acquiring an additional 1,049 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its holdings in Air Lease by 1,506.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,189 shares of the transportation company's stock worth $57,000 after buying an additional 1,115 shares during the period. 94.59% of the stock is currently owned by institutional investors and hedge funds.

Air Lease Stock Performance

NYSE AL traded up $1.15 on Tuesday, hitting $56.62. 504,900 shares of the company traded hands, compared to its average volume of 767,548. The company has a market capitalization of $6.33 billion, a price-to-earnings ratio of 17.00, a P/E/G ratio of 1.33 and a beta of 1.33. 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 business's 50 day moving average price is $46.11 and its 200-day moving average price is $47.23. Air Lease Co. has a 52-week low of $38.25 and a 52-week high of $57.21.

Air Lease (NYSE:AL - Get Free Report) last released its earnings results on Monday, May 5th. The transportation company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.27. The company had revenue of $738.28 million for the quarter, compared to the consensus estimate of $709.70 million. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. Air Lease's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 earnings per share. Equities analysts expect that Air Lease Co. will post 5.16 earnings per share for the current year.

Air Lease Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.22 per share. The ex-dividend date is Wednesday, June 4th. This represents a $0.88 dividend on an annualized basis and a yield of 1.55%. Air Lease's dividend payout ratio is presently 15.38%.

Analysts Set New Price Targets

Several analysts have recently weighed in on AL shares. Bank of America cut shares of 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. StockNews.com upgraded shares of Air Lease from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. upped their price objective on shares of Air Lease from $56.00 to $57.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Finally, UBS Group set a $50.00 price target on shares of Air Lease in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $55.67.

Air Lease 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.