Air Lease Co. (NYSE:AL) Holdings Boosted by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. increased its holdings in shares of Air Lease Co. (NYSE:AL - Free Report) by 17.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 190,296 shares of the transportation company's stock after acquiring an additional 27,611 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.17% of Air Lease worth $9,193,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of AL. Aster Capital Management DIFC Ltd acquired a new stake in Air Lease during the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. purchased a new position in shares of Air Lease in the 4th quarter worth about $31,000. Versant Capital Management Inc lifted its holdings in Air Lease by 88.1% during the first quarter. Versant Capital Management Inc now owns 743 shares of the transportation company's stock valued at $36,000 after purchasing an additional 348 shares during the last quarter. Engine Capital Management LP bought a new stake in shares of Air Lease during the fourth quarter valued at about $36,000. Finally, Brown Brothers Harriman & Co. increased its position in shares of Air Lease by 5,245.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,069 shares of the transportation company's stock valued at $52,000 after buying an additional 1,049 shares during the period. 94.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Air Lease

In other Air Lease news, EVP Grant A. Levy sold 10,000 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $56.85, for a total transaction of $568,500.00. Following the sale, the executive vice president now owns 146,316 shares in the company, valued at approximately $8,318,064.60. This represents a 6.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.64% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AL shares. Bank of America cut shares of Air Lease from a "buy" rating to an "underperform" rating and cut their target price for the stock from $72.00 to $50.00 in a report on Friday, March 7th. Citigroup upgraded Air Lease from a "neutral" rating to a "buy" rating and boosted their price target for the company from $45.00 to $68.00 in a research note on Tuesday, May 20th. Wall Street Zen raised Air Lease from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. UBS Group set a $50.00 price objective on Air Lease in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. boosted 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. One research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat.com, Air Lease currently has an average rating of "Moderate Buy" and an average target price of $57.43.

Air Lease Trading Down 2.3%

NYSE:AL traded down $1.35 on Friday, reaching $56.24. The company's stock had a trading volume of 881,777 shares, compared to its average volume of 792,102. Air Lease Co. has a 12-month low of $38.25 and a 12-month high of $59.27. 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 firm has a market cap of $6.29 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 1.33 and a beta of 1.36. The stock has a 50 day moving average price of $51.42 and a 200 day moving average price of $48.85.

Air Lease (NYSE:AL - Get Free Report) last released its earnings results on Monday, May 5th. The transportation company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.24 by $0.27. The firm had revenue of $738.28 million during the quarter, compared to analysts' expectations of $709.70 million. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. Air Lease's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.87 EPS. On average, equities analysts anticipate that Air Lease Co. will post 5.16 EPS for the current fiscal year.

Air Lease Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Wednesday, June 4th. Air Lease's dividend payout ratio is presently 15.38%.

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.