Copeland Capital Management LLC Has $83.57 Million Stake in Air Lease Corporation (NYSE:AL)

Copeland Capital Management LLC lessened its stake in shares of Air Lease Corporation (NYSE:AL - Free Report) by 2.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,729,828 shares of the transportation company's stock after selling 47,188 shares during the period. Air Lease accounts for about 1.7% of Copeland Capital Management LLC's portfolio, making the stock its 9th biggest position. Copeland Capital Management LLC owned about 1.55% of Air Lease worth $83,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management acquired a new position in Air Lease during the first quarter valued at approximately $25,000. Aster Capital Management DIFC Ltd acquired a new position in Air Lease during the fourth quarter worth about $28,000. SBI Securities Co. Ltd. bought a new position in shares of Air Lease in the fourth quarter worth about $31,000. Engine Capital Management LP acquired a new stake in shares of Air Lease in the 4th quarter valued at approximately $36,000. Finally, Versant Capital Management Inc boosted its stake in shares of Air Lease by 88.1% in the 1st 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 in the last quarter. 94.59% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Air Lease news, EVP Grant A. Levy sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $56.85, for a total transaction of $568,500.00. Following the completion of the transaction, the executive vice president owned 146,316 shares in the company, valued at approximately $8,318,064.60. This trade represents a 6.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.80% of the company's stock.

Air Lease Trading Up 0.2%

Shares of Air Lease stock traded up $0.10 during trading on Tuesday, hitting $58.59. The company's stock had a trading volume of 884,475 shares, compared to its average volume of 786,884. The stock has a market cap of $6.55 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 0.63 and a beta of 1.36. Air Lease Corporation has a 52 week low of $38.25 and a 52 week high of $59.27. The stock has a 50-day moving average price of $54.71 and a two-hundred day moving average price of $49.35. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.39 and a quick ratio of 0.39.

Air Lease (NYSE:AL - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The transportation company reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.24 by $0.27. The firm had revenue of $738.28 million for the quarter, compared to analyst estimates of $709.70 million. Air Lease had a return on equity of 8.04% and a net margin of 24.77%. The business's revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.87 EPS. Equities research analysts anticipate that Air Lease Corporation will post 5.16 EPS for the current fiscal year.

Air Lease Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 4th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Wednesday, June 4th. Air Lease's payout ratio is presently 15.38%.

Analysts Set New Price Targets

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

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.