Air Lease Co. (NYSE:AL) Shares Acquired by NBC Securities Inc.

NBC Securities Inc. raised its holdings in shares of Air Lease Co. (NYSE:AL - Free Report) by 104,954.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,112 shares of the transportation company's stock after acquiring an additional 23,090 shares during the period. NBC Securities Inc.'s holdings in Air Lease were worth $1,116,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Wellington Management Group LLP lifted its stake in shares of Air Lease by 7.2% in the 4th quarter. Wellington Management Group LLP now owns 5,384,230 shares of the transportation company's stock valued at $259,574,000 after purchasing an additional 362,585 shares during the period. American Century Companies Inc. lifted its stake in shares of Air Lease by 13.7% in the 4th quarter. American Century Companies Inc. now owns 3,226,921 shares of the transportation company's stock valued at $155,570,000 after purchasing an additional 389,070 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Air Lease by 43.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,800,723 shares of the transportation company's stock valued at $134,332,000 after purchasing an additional 842,780 shares during the period. Earnest Partners LLC lifted its stake in shares of Air Lease by 0.4% in the 4th quarter. Earnest Partners LLC now owns 2,577,931 shares of the transportation company's stock valued at $124,282,000 after purchasing an additional 9,809 shares during the period. Finally, Capital Research Global Investors lifted its stake in shares of Air Lease by 50.7% in the 4th quarter. Capital Research Global Investors now owns 2,050,000 shares of the transportation company's stock valued at $98,830,000 after purchasing an additional 690,000 shares during the period. 94.59% of the stock is currently owned by institutional investors and hedge funds.

Air Lease Price Performance

NYSE AL traded up $0.35 on Thursday, hitting $57.08. The company had a trading volume of 674,630 shares, compared to its average volume of 785,602. Air Lease Co. has a 12-month low of $38.25 and a 12-month high of $59.27. The company has a market capitalization of $6.38 billion, a PE ratio of 17.14, a PEG ratio of 1.33 and a beta of 1.33. The company's fifty day moving average price is $49.71 and its 200-day moving average price is $48.48. 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 released its earnings results on Monday, May 5th. The transportation company reported $1.51 earnings per share (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 during the quarter, compared to analyst estimates of $709.70 million. During the same quarter in the prior year, the firm earned $0.87 earnings per share. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, analysts predict that Air Lease Co. will post 5.16 earnings per share for the current year.

Air Lease Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Wednesday, June 4th. Air Lease's payout ratio is 15.38%.

Insider Transactions at Air Lease

In other news, EVP Grant A. Levy sold 10,000 shares of the company's stock in a transaction 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 sale, the executive vice president now owns 146,316 shares of the company's stock, valued at $8,318,064.60. This represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.64% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AL shares. Citigroup upgraded shares of Air Lease from a "neutral" rating to a "buy" rating and boosted their target price for the company from $45.00 to $68.00 in a research note on Tuesday, May 20th. Bank of America cut shares of Air Lease from a "buy" rating to an "underperform" rating and decreased their target price for the company from $72.00 to $50.00 in a research note on Friday, March 7th. Wall Street Zen raised shares of Air Lease from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. boosted their price target on shares of Air Lease from $56.00 to $57.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Finally, UBS Group set a $50.00 price target on shares of Air Lease in a 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 data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.