Dimensional Fund Advisors LP Has $318.48 Million Stake in Air Lease Corporation $AL

Key Points

• Dimensional Fund Advisors LP increased its stake in Air Lease Corporation by 0.5%, owning approximately 5.90% of the company worth $318 million as of the end of Q1.
• Air Lease recently reported earnings of $1.40 per share for the quarter, exceeding estimates, and announced a quarterly dividend of $0.22 per share, yielding 1.5% annually.
• The stock has received upgrades from various analysts, with Citigroup raising its target price from $45 to $68, reflecting strong confidence in the company's outlook.

Dimensional Fund Advisors LP grew its stake in shares of Air Lease Corporation (NYSE:AL - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,592,510 shares of the transportation company's stock after acquiring an additional 31,274 shares during the period. Dimensional Fund Advisors LP owned 5.90% of Air Lease worth $318,479,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AL. Barclays PLC boosted its holdings in Air Lease by 21.4% in the fourth quarter. Barclays PLC now owns 104,429 shares of the transportation company's stock worth $5,034,000 after purchasing an additional 18,396 shares in the last quarter. Mariner LLC boosted its holdings in Air Lease by 15.4% in the fourth quarter. Mariner LLC now owns 20,085 shares of the transportation company's stock worth $968,000 after purchasing an additional 2,686 shares in the last quarter. XTX Topco Ltd bought a new stake in Air Lease in the fourth quarter worth $255,000. First Trust Advisors LP boosted its holdings in Air Lease by 15.7% in the fourth quarter. First Trust Advisors LP now owns 710,088 shares of the transportation company's stock worth $34,233,000 after purchasing an additional 96,341 shares in the last quarter. Finally, Capital Research Global Investors boosted 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 worth $98,830,000 after purchasing an additional 690,000 shares in the last quarter. 94.59% of the stock is currently owned by institutional investors.

Insider Transactions at Air Lease

In related news, EVP David Beker sold 2,000 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $55.44, for a total value of $110,880.00. Following the completion of the transaction, the executive vice president owned 19,770 shares of the company's stock, valued at $1,096,048.80. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.80% of the stock is owned by company insiders.

Air Lease Stock Performance

Shares of NYSE AL traded down $0.4850 during mid-day trading on Wednesday, hitting $57.6150. The company had a trading volume of 709,834 shares, compared to its average volume of 845,513. The company has a debt-to-equity ratio of 2.47, a current ratio of 0.42 and a quick ratio of 0.42. The business's 50-day simple moving average is $57.36 and its 200-day simple moving average is $51.85. Air Lease Corporation has a 12 month low of $38.25 and a 12 month high of $60.41. The firm has a market cap of $6.44 billion, a P/E ratio of 6.99, a PEG ratio of 0.60 and a beta of 1.41.

Air Lease (NYSE:AL - Get Free Report) last released its earnings results on Monday, August 4th. The transportation company reported $1.40 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $723.35 million. During the same quarter last year, the company earned $1.23 earnings per share. The firm's revenue was up 9.7% on a year-over-year basis. As a group, analysts predict that Air Lease Corporation will post 5.16 earnings per share for the current fiscal year.

Air Lease Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Wednesday, September 3rd will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, September 3rd. Air Lease's dividend payout ratio is 10.68%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Barclays reiterated an "overweight" rating and issued a $67.00 price objective (up from $56.00) on shares of Air Lease in a report on Thursday, July 10th. Citigroup upgraded shares of Air Lease from a "neutral" rating to a "buy" rating and upped their price target for the company from $45.00 to $68.00 in a report on Tuesday, May 20th. Finally, Wall Street Zen upgraded shares of Air Lease from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $59.50.

Air Lease Company 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.