Air Lease Corporation $AL Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its position in Air Lease Corporation (NYSE:AL - Free Report) by 206.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,181 shares of the transportation company's stock after acquiring an additional 48,600 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.06% of Air Lease worth $3,487,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its holdings in Air Lease by 19.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,353,803 shares of the transportation company's stock valued at $162,492,000 after acquiring an additional 553,080 shares in the last quarter. Earnest Partners LLC raised its holdings in Air Lease by 0.4% in the fourth quarter. Earnest Partners LLC now owns 2,577,931 shares of the transportation company's stock valued at $124,282,000 after acquiring an additional 9,809 shares in the last quarter. Capital Research Global Investors raised its holdings in Air Lease by 50.7% in the fourth quarter. Capital Research Global Investors now owns 2,050,000 shares of the transportation company's stock valued at $98,830,000 after acquiring an additional 690,000 shares in the last quarter. Reinhart Partners LLC. raised its holdings in Air Lease by 11.9% in the first quarter. Reinhart Partners LLC. now owns 1,773,830 shares of the transportation company's stock valued at $85,694,000 after acquiring an additional 188,040 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Air Lease by 6.6% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,456,910 shares of the transportation company's stock valued at $70,238,000 after acquiring an additional 90,120 shares in the last quarter. Institutional investors and hedge funds own 94.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AL. Wall Street Zen raised shares of Air Lease from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Barclays reissued an "overweight" rating and set a $67.00 price objective (up previously from $56.00) on shares of Air Lease in a report on Thursday, July 10th. Finally, Citigroup raised shares of Air Lease from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $45.00 to $68.00 in a report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Air Lease currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.50.

Insider Activity

In other news, EVP David Beker sold 2,000 shares of the business's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $55.44, for a total transaction of $110,880.00. Following the completion of the sale, the executive vice president owned 19,770 shares in the company, valued at approximately $1,096,048.80. The trade was a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.80% of the company's stock.

Air Lease Price Performance

Shares of Air Lease stock traded up $0.50 on Monday, hitting $57.76. The company's stock had a trading volume of 110,486 shares, compared to its average volume of 845,287. Air Lease Corporation has a 52-week low of $38.25 and a 52-week high of $60.41. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 2.47. The firm has a fifty day moving average price of $57.35 and a 200-day moving average price of $51.72. The company has a market capitalization of $6.46 billion, a P/E ratio of 7.02, a price-to-earnings-growth ratio of 0.59 and a beta of 1.41.

Air Lease (NYSE:AL - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The transportation company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.33 by $0.07. Air Lease had a net margin of 34.04% and a return on equity of 7.99%. The business had revenue of $731.70 million for the quarter, compared to analyst estimates of $723.35 million. During the same period in the previous year, the firm earned $1.23 EPS. The business's revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities research analysts expect that Air Lease Corporation will post 5.16 earnings per share for the current fiscal year.

Air Lease Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 3rd will be issued a dividend of $0.22 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.5%. Air Lease's payout ratio is presently 10.68%.

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.