Air Lease Co. (NYSE:AL) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP increased its holdings in Air Lease Co. (NYSE:AL - Free Report) by 27.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 147,200 shares of the transportation company's stock after purchasing an additional 31,900 shares during the quarter. Two Sigma Advisers LP owned 0.13% of Air Lease worth $7,097,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AL. Arizona State Retirement System grew its stake in Air Lease by 0.8% in the 4th quarter. Arizona State Retirement System now owns 30,708 shares of the transportation company's stock valued at $1,480,000 after acquiring an additional 244 shares during the period. Principal Securities Inc. lifted its holdings in 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 purchasing an additional 276 shares in the last quarter. Treasurer of the State of North Carolina grew its position 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 during the period. State of New Jersey Common Pension Fund D increased its stake in shares of Air Lease by 0.7% during the fourth 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 purchasing an additional 318 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in shares of Air Lease by 0.6% during the fourth quarter. Stifel Financial Corp now owns 84,707 shares of the transportation company's stock worth $4,084,000 after purchasing an additional 519 shares in the last quarter. Hedge funds and other institutional investors own 94.59% of the company's stock.

Insider Activity at Air Lease

In related news, EVP Grant A. Levy sold 10,000 shares of the 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 now owns 146,316 shares of the company's stock, 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 SEC, which is accessible through this hyperlink. 6.64% of the stock is owned by insiders.

Analyst Ratings Changes

AL has been the topic of a number of research reports. Bank of America lowered shares of Air Lease from a "buy" rating to an "underperform" rating and decreased their price target for the company from $72.00 to $50.00 in a research note on Friday, March 7th. UBS Group set a $50.00 target price on shares of Air Lease in a report on Friday, March 7th. JPMorgan Chase & Co. raised their price target 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. Wall Street Zen raised shares of Air Lease from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Finally, Citigroup raised shares of Air Lease from a "neutral" rating to a "buy" rating and raised their target price for the stock from $45.00 to $68.00 in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Air Lease has an average rating of "Moderate Buy" and a consensus target price of $57.43.

Air Lease Trading Up 2.6%

AL stock traded up $1.46 during trading on Tuesday, reaching $58.33. 932,573 shares of the stock were exchanged, compared to its average volume of 783,213. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 2.68. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 1.33 and a beta of 1.33. The business has a 50 day moving average price of $48.44 and a 200-day moving average price of $48.05. Air Lease Co. has a 1 year low of $38.25 and a 1 year high of $59.27.

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 the consensus estimate 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 net margin of 15.65% and a return on equity of 8.01%. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.87 EPS. On average, research analysts predict that Air Lease Co. will post 5.16 earnings per share for the current year.

Air Lease Dividend Announcement

The firm also recently declared 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 1.51%. The ex-dividend date is Wednesday, June 4th. Air Lease's dividend payout ratio is presently 15.38%.

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.