Air Lease Corporation (NYSE:AL) Stock Holdings Lessened by Invesco Ltd.

Invesco Ltd. reduced its position in shares of Air Lease Corporation (NYSE:AL - Free Report) by 11.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,069,781 shares of the transportation company's stock after selling 532,192 shares during the period. Invesco Ltd. owned about 3.64% of Air Lease worth $196,611,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Illinois Municipal Retirement Fund boosted its holdings in Air Lease by 0.5% during the first quarter. Illinois Municipal Retirement Fund now owns 56,306 shares of the transportation company's stock worth $2,720,000 after buying an additional 272 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Air Lease by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 45,851 shares of the transportation company's stock valued at $2,210,000 after purchasing an additional 280 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Air Lease by 3.0% in the fourth quarter. Squarepoint Ops LLC now owns 9,564 shares of the transportation company's stock valued at $461,000 after purchasing an additional 281 shares in the last quarter. MBM Wealth Consultants LLC lifted its holdings in shares of Air Lease by 2.1% in the first quarter. MBM Wealth Consultants LLC now owns 14,131 shares of the transportation company's stock valued at $686,000 after purchasing an additional 284 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Air Lease by 88.1% in the first 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 hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Citigroup raised 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. Barclays reissued an "overweight" rating and set a $67.00 price objective (up previously from $56.00) on shares of Air Lease in a research note on Thursday, July 10th. Finally, Wall Street Zen raised shares of Air Lease from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $59.50.

Air Lease Trading Down 1.2%

AL stock traded down $0.70 on Friday, hitting $57.21. 381,023 shares of the company were exchanged, compared to its average volume of 854,792. Air Lease Corporation has a twelve month low of $38.25 and a twelve month high of $60.41. 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 fifty day moving average is $57.35 and its two-hundred day moving average is $51.68. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 6.94, a price-to-earnings-growth ratio of 0.59 and a beta of 1.41.

Air Lease (NYSE:AL - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $731.70 million during the quarter, compared to analyst estimates of $723.35 million. During the same quarter in the prior year, the business posted $1.23 earnings per share. Air Lease's revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, research analysts forecast that Air Lease Corporation will post 5.16 earnings per share for the current year.

Air Lease Dividend Announcement

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

Insider Activity

In related news, EVP David Beker sold 2,000 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were 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 directly owned 19,770 shares of the company's stock, valued at approximately $1,096,048.80. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.64% of the stock is owned by 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.