MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Stock Holdings in Air Lease Co. (NYSE:AL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Air Lease Co. (NYSE:AL - Free Report) by 32.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,513 shares of the transportation company's stock after purchasing an additional 10,126 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Air Lease were worth $2,001,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AL. Barclays PLC raised its stake in shares of Air Lease by 104.6% in the third quarter. Barclays PLC now owns 86,033 shares of the transportation company's stock valued at $3,897,000 after acquiring an additional 43,981 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Air Lease by 27.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 26,720 shares of the transportation company's stock valued at $1,288,000 after acquiring an additional 5,783 shares during the period. Zweig DiMenna Associates LLC raised its stake in shares of Air Lease by 230.0% in the fourth quarter. Zweig DiMenna Associates LLC now owns 66,000 shares of the transportation company's stock valued at $3,182,000 after acquiring an additional 46,000 shares during the period. KBC Group NV raised its stake in shares of Air Lease by 39.9% in the fourth quarter. KBC Group NV now owns 4,681 shares of the transportation company's stock valued at $226,000 after acquiring an additional 1,336 shares during the period. Finally, Wilmington Savings Fund Society FSB raised its holdings in shares of Air Lease by 1,980.3% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 14,292 shares of the transportation company's stock worth $689,000 after buying an additional 13,605 shares during the period. Hedge funds and other institutional investors own 94.59% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Air Lease from $56.00 to $57.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Wall Street Zen raised shares of Air Lease from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. UBS Group set a $50.00 price target on shares of Air Lease in a research note on Friday, March 7th. Citigroup raised shares of Air Lease from a "neutral" rating to a "buy" rating and raised their price target for the stock from $45.00 to $68.00 in a research note on Tuesday, May 20th. Finally, Bank of America downgraded shares of Air Lease from a "buy" rating to an "underperform" rating and reduced their price target for the stock from $72.00 to $50.00 in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Air Lease presently has an average rating of "Moderate Buy" and an average price target of $57.43.

Air Lease Stock Down 0.8%

NYSE AL traded down $0.45 during trading on Wednesday, reaching $57.91. 94,505 shares of the company's stock traded hands, compared to its average volume of 780,569. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 17.40, a price-to-earnings-growth ratio of 1.33 and a beta of 1.33. The company's 50 day simple moving average is $48.66 and its two-hundred day simple moving average is $48.12. Air Lease Co. has a 12-month low of $38.25 and a 12-month high of $59.27.

Air Lease (NYSE:AL - Get Free Report) last announced its earnings results on Monday, May 5th. The transportation company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.27. The business had revenue of $738.28 million for 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%. The business's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 EPS. As a group, sell-side analysts forecast that Air Lease Co. will post 5.16 EPS for the current fiscal year.

Air Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 4th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Wednesday, June 4th. Air Lease's payout ratio is currently 15.38%.

Insider Transactions at Air Lease

In other news, EVP Grant A. Levy sold 10,000 shares of Air Lease stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $56.85, for a total value of $568,500.00. Following the transaction, the executive vice president now owns 146,316 shares of the company's stock, valued at $8,318,064.60. The trade was a 6.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.64% of the company's stock.

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.