Valueworks LLC Cuts Stock Holdings in Air Lease Co. (NYSE:AL)

Valueworks LLC trimmed its holdings in Air Lease Co. (NYSE:AL - Free Report) by 7.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,613 shares of the transportation company's stock after selling 15,310 shares during the quarter. Air Lease comprises approximately 3.2% of Valueworks LLC's portfolio, making the stock its 15th largest holding. Valueworks LLC owned approximately 0.18% of Air Lease worth $9,527,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AL. Barclays PLC raised its position in shares of Air Lease by 104.6% during the 3rd quarter. Barclays PLC now owns 86,033 shares of the transportation company's stock valued at $3,897,000 after buying an additional 43,981 shares during the period. Park Avenue Securities LLC raised its position in shares of Air Lease by 34.9% during the 4th quarter. Park Avenue Securities LLC now owns 18,203 shares of the transportation company's stock valued at $878,000 after buying an additional 4,708 shares during the period. MBM Wealth Consultants LLC raised its position in shares of Air Lease by 5.3% during the 4th quarter. MBM Wealth Consultants LLC now owns 13,847 shares of the transportation company's stock valued at $664,000 after buying an additional 691 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Air Lease by 27.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 26,720 shares of the transportation company's stock valued at $1,288,000 after buying an additional 5,783 shares during the period. Finally, Zweig DiMenna Associates LLC raised its position in shares of Air Lease by 230.0% during the 4th quarter. Zweig DiMenna Associates LLC now owns 66,000 shares of the transportation company's stock valued at $3,182,000 after buying an additional 46,000 shares during the period. Hedge funds and other institutional investors own 94.59% of the company's stock.

Air Lease Stock Down 0.4%

Shares of NYSE:AL traded down $0.22 during trading on Friday, hitting $56.89. The company's stock had a trading volume of 565,367 shares, compared to its average volume of 782,613. The business has a 50 day moving average price of $48.25 and a two-hundred day moving average price of $47.97. The company has a market capitalization of $6.36 billion, a PE ratio of 17.08, a P/E/G ratio of 1.33 and a beta of 1.33. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.37 and a current ratio of 0.37. Air Lease Co. has a fifty-two week low of $38.25 and a fifty-two week high of $59.27.

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

Air Lease Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 4th will be paid 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 dividend yield of 1.55%. Air Lease's payout ratio is currently 15.38%.

Insider Buying and Selling

In other Air Lease news, EVP Grant A. Levy sold 10,000 shares of the company's stock in a transaction 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 completion of the transaction, the executive vice president now owns 146,316 shares in the company, valued at $8,318,064.60. This represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 6.80% of the company's stock.

Analyst Upgrades and Downgrades

AL has been the topic of a number of research analyst reports. Citigroup raised Air Lease from a "neutral" rating to a "buy" rating and boosted their target price for the company from $45.00 to $68.00 in a research report on Tuesday, May 20th. UBS Group set a $50.00 target price on Air Lease in a research report on Friday, March 7th. Wall Street Zen raised Air Lease from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. 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. Finally, Bank of America lowered Air Lease from a "buy" rating to an "underperform" rating and cut their target price for the company from $72.00 to $50.00 in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Air Lease has an average rating of "Moderate Buy" and an average price target of $57.43.

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.