Air Lease Co. (NYSE:AL) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp raised its position in shares of Air Lease Co. (NYSE:AL - Free Report) by 93.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,725 shares of the transportation company's stock after acquiring an additional 14,805 shares during the period. Mackenzie Financial Corp's holdings in Air Lease were worth $1,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arizona State Retirement System boosted its stake in Air Lease by 0.8% during the fourth quarter. Arizona State Retirement System now owns 30,708 shares of the transportation company's stock worth $1,480,000 after buying an additional 244 shares during the period. Principal Securities Inc. boosted its position in shares of Air Lease by 11.6% during the fourth quarter. Principal Securities Inc. now owns 2,655 shares of the transportation company's stock valued at $128,000 after buying an additional 276 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of Air Lease by 0.6% during 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 buying an additional 280 shares during the last quarter. Squarepoint Ops LLC raised 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 worth $461,000 after buying an additional 281 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of Air Lease by 0.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 43,524 shares of the transportation company's stock worth $2,098,000 after acquiring an additional 318 shares during the last quarter. 94.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Grant A. Levy sold 10,000 shares of Air Lease stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $56.85, for a total transaction of $568,500.00. Following the completion of the sale, the executive vice president now owns 146,316 shares of the company's stock, valued at $8,318,064.60. The trade was a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.64% of the stock is owned by company insiders.

Air Lease Stock Down 1.2%

NYSE:AL traded down $0.67 during midday trading on Wednesday, reaching $56.74. 859,984 shares of the stock traded hands, compared to its average volume of 786,047. The business has a 50-day moving average of $49.71 and a two-hundred day moving average of $48.48. The stock has a market capitalization of $6.34 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 1.33 and a beta of 1.33. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.37 and a current ratio of 0.37. Air Lease Co. has a 12-month low of $38.25 and a 12-month high of $59.27.

Air Lease (NYSE:AL - Get Free Report) last announced its earnings results on Monday, May 5th. The transportation company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.27. The company 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 8.01% and a net margin of 15.65%. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.87 EPS. On average, equities analysts forecast that Air Lease Co. will post 5.16 earnings per share for the current fiscal year.

Air Lease Dividend Announcement

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 given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Wednesday, June 4th. Air Lease's payout ratio is currently 15.38%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Air Lease from $56.00 to $57.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. UBS Group set a $50.00 target price on shares of Air Lease in a report on Friday, March 7th. Citigroup raised shares of Air Lease from a "neutral" rating to a "buy" rating and raised their target price for the company from $45.00 to $68.00 in a research report on Tuesday, May 20th. Wall Street Zen raised shares of Air Lease from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Finally, Bank of America cut Air Lease from a "buy" rating to an "underperform" rating and dropped their target price for the company from $72.00 to $50.00 in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $57.43.

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.