Air Lease Co. (NYSE:AL) Position Increased by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. lifted its position in shares of Air Lease Co. (NYSE:AL - Free Report) by 24.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 143,097 shares of the transportation company's stock after buying an additional 28,250 shares during the period. Air Lease accounts for approximately 0.8% of University of Texas Texas AM Investment Management Co.'s portfolio, making the stock its 15th largest holding. University of Texas Texas AM Investment Management Co. owned approximately 0.13% of Air Lease worth $6,899,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new stake in Air Lease in the 4th quarter worth about $28,000. SBI Securities Co. Ltd. purchased a new position in shares of Air Lease during the 4th quarter worth about $31,000. Engine Capital Management LP acquired a new stake in shares of Air Lease in the fourth quarter worth approximately $36,000. Brown Brothers Harriman & Co. grew its holdings in Air Lease by 5,245.0% in the fourth 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 period. Finally, Fourth Dimension Wealth LLC acquired a new position in Air Lease during the fourth quarter worth approximately $52,000. Institutional investors and hedge funds own 94.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AL shares. Citigroup upgraded shares of Air Lease from a "neutral" rating to a "buy" rating and lifted their price target for the company from $45.00 to $68.00 in a report on Tuesday, May 20th. Wall Street Zen upgraded Air Lease from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Bank of America lowered Air Lease from a "buy" rating to an "underperform" rating and dropped their price target for the stock from $72.00 to $50.00 in a research note on Friday, March 7th. JPMorgan Chase & Co. raised their price objective on 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 target price on Air Lease in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to MarketBeat, Air Lease presently has an average rating of "Moderate Buy" and a consensus price target of $57.43.

Air Lease Stock Down 0.8%

Air Lease stock traded down $0.44 during midday trading on Wednesday, hitting $57.92. 457,936 shares of the company were exchanged, compared to its average volume of 781,989. The company has a market cap of $6.47 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 1.33 and a beta of 1.33. Air Lease Co. has a fifty-two week low of $38.25 and a fifty-two week high of $59.27. The company's fifty day moving average price is $48.66 and its 200-day moving average price is $48.12. 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 issued its quarterly earnings data on Monday, May 5th. The transportation company reported $1.51 earnings per share for the quarter, beating analysts' consensus estimates of $1.24 by $0.27. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. The firm had revenue of $738.28 million during the quarter, compared to analyst estimates of $709.70 million. During the same quarter last year, the firm earned $0.87 EPS. Air Lease's quarterly revenue was up 11.3% on a year-over-year basis. On average, research analysts predict that Air Lease Co. will post 5.16 EPS for the current fiscal year.

Air Lease Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 4th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.52%. Air Lease's dividend payout ratio (DPR) is presently 15.38%.

Insider Activity at Air Lease

In related news, EVP Grant A. Levy sold 10,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $56.85, for a total value of $568,500.00. Following the completion of the sale, the executive vice president now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.64% of the stock is currently owned by corporate 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.