UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Holdings in Air Lease Co. (NYSE:AL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Air Lease Co. (NYSE:AL - Free Report) by 14.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 256,363 shares of the transportation company's stock after acquiring an additional 33,178 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.23% of Air Lease worth $12,359,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new stake in Air Lease in the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. bought a new stake in shares of Air Lease during the fourth quarter valued at approximately $31,000. Engine Capital Management LP bought a new position in shares of Air Lease in the fourth quarter valued at $36,000. Brown Brothers Harriman & Co. boosted its stake in Air Lease by 5,245.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,069 shares of the transportation company's stock valued at $52,000 after purchasing an additional 1,049 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in Air Lease by 1,506.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,189 shares of the transportation company's stock worth $57,000 after buying an additional 1,115 shares in the last quarter. 94.59% of the stock is owned by institutional investors.

Insider Transactions at Air Lease

In related news, EVP Grant A. Levy sold 10,000 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $56.85, for a total value of $568,500.00. Following the completion of the transaction, the executive vice president now directly 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 at this link. Company insiders own 6.64% of the company's stock.

Air Lease Price Performance

Shares of NYSE AL traded down $0.61 during mid-day trading on Friday, reaching $57.60. 857,800 shares of the company were exchanged, compared to its average volume of 782,759. The company's 50 day moving average price is $49.22 and its 200 day moving average price is $48.32. Air Lease Co. has a 52 week low of $38.25 and a 52 week high of $59.27. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.68. The stock has a market capitalization of $6.44 billion, a PE ratio of 17.30, a PEG ratio of 1.33 and a beta of 1.33.

Air Lease (NYSE:AL - Get Free Report) last issued its earnings results on Monday, May 5th. The transportation company reported $1.51 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 company had revenue of $738.28 million for the quarter, compared to analysts' expectations of $709.70 million. During the same quarter last year, the company earned $0.87 EPS. The firm's revenue was up 11.3% compared to the same quarter last year. Sell-side analysts forecast that Air Lease Co. will post 5.16 earnings per share for the current fiscal year.

Air Lease Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Wednesday, June 4th. Air Lease's dividend payout ratio (DPR) is presently 15.38%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Citigroup upgraded Air Lease from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $45.00 to $68.00 in a report on Tuesday, May 20th. Bank of America downgraded Air Lease from a "buy" rating to an "underperform" rating and dropped their target price for the stock from $72.00 to $50.00 in a research report on Friday, March 7th. Wall Street Zen raised Air Lease from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. boosted their price objective on Air Lease from $56.00 to $57.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Finally, UBS Group set a $50.00 target price 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 assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $57.43.

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.