Barton Investment Management Has $32.29 Million Stock Position in Air Lease Co. (NYSE:AL)

Barton Investment Management lowered its stake in shares of Air Lease Co. (NYSE:AL - Free Report) by 1.3% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 668,418 shares of the transportation company's stock after selling 8,705 shares during the period. Air Lease makes up 4.0% of Barton Investment Management's investment portfolio, making the stock its 6th biggest holding. Barton Investment Management owned about 0.60% of Air Lease worth $32,291,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Aster Capital Management DIFC Ltd acquired a new stake in shares of Air Lease during the fourth quarter worth approximately $28,000. SBI Securities Co. Ltd. acquired a new stake in shares of Air Lease during the fourth quarter worth approximately $31,000. Engine Capital Management LP acquired a new stake in shares of Air Lease during the fourth quarter worth approximately $36,000. Versant Capital Management Inc increased its holdings in shares of Air Lease by 88.1% during the first quarter. Versant Capital Management Inc now owns 743 shares of the transportation company's stock worth $36,000 after buying an additional 348 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its holdings 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 worth $52,000 after buying an additional 1,049 shares in the last quarter. Institutional investors and hedge funds own 94.59% of the company's stock.

Analyst Ratings Changes

AL has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Air Lease from $56.00 to $57.00 and gave the company 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 increased their price target for the company from $45.00 to $68.00 in a research note on Tuesday, May 20th. Finally, Bank of America cut shares of Air Lease from a "buy" rating to an "underperform" rating and decreased their price target for the company from $72.00 to $50.00 in a research note 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 MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $57.43.

Air Lease Trading Down 1.0%

Shares of NYSE AL traded down $0.56 during midday trading on Tuesday, reaching $57.48. 765,221 shares of the stock were exchanged, compared to its average volume of 790,344. The business has a 50-day simple moving average of $50.48 and a two-hundred day simple moving average of $48.72. The company has a market capitalization of $6.42 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 1.33 and a beta of 1.36. Air Lease Co. has a 12 month low of $38.25 and a 12 month high of $59.27. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.37 and a quick ratio of 0.37.

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

Air Lease Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 4th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.53%. Air Lease's payout ratio is 15.38%.

Insider Buying and Selling

In other Air Lease news, EVP Grant A. Levy sold 10,000 shares of Air Lease 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 sale, the executive vice president now directly owns 146,316 shares in the company, valued at approximately $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. 6.64% of the stock is currently owned by company insiders.

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.