Vise Technologies Inc. Invests $370,000 in Air Lease Co. (NYSE:AL)

Vise Technologies Inc. purchased a new position in shares of Air Lease Co. (NYSE:AL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,677 shares of the transportation company's stock, valued at approximately $370,000.

Several other large investors have also recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new position in shares of Air Lease in the fourth quarter worth approximately $31,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Air Lease in the fourth quarter worth approximately $202,000. Raymond James Financial Inc. bought a new position in shares of Air Lease in the fourth quarter worth approximately $31,414,000. Lighthouse Investment Partners LLC grew its holdings in shares of Air Lease by 1,944.9% in the fourth quarter. Lighthouse Investment Partners LLC now owns 129,261 shares of the transportation company's stock worth $6,232,000 after purchasing an additional 122,940 shares during the last quarter. Finally, Quantinno Capital Management LP grew its holdings in shares of Air Lease by 27.5% in the fourth quarter. Quantinno Capital Management LP now owns 11,626 shares of the transportation company's stock worth $561,000 after purchasing an additional 2,511 shares during the last quarter. 94.59% of the stock is owned by hedge funds and other institutional investors.

Air Lease Trading Down 1.0%

NYSE:AL traded down $0.61 during trading hours on Friday, hitting $57.60. The company had a trading volume of 857,800 shares, compared to its average volume of 782,759. The company has a market capitalization of $6.44 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 1.33 and a beta of 1.33. The stock has a 50-day moving average price of $49.22 and a 200 day moving average price of $48.31. Air Lease Co. has a 52 week low of $38.25 and a 52 week high of $59.27. 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 announced its earnings results on Monday, May 5th. The transportation company reported $1.51 EPS for the quarter, beating 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 firm had revenue of $738.28 million for the quarter, compared to analysts' expectations of $709.70 million. During the same quarter in the previous year, the business posted $0.87 EPS. The company's quarterly revenue was up 11.3% on a year-over-year basis. On average, equities research analysts predict that Air Lease Co. will post 5.16 EPS for the current fiscal year.

Air Lease Dividend Announcement

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 1.53%. The ex-dividend date is Wednesday, June 4th. Air Lease's dividend payout ratio (DPR) is presently 15.38%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price 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. Bank of America cut shares of Air Lease from a "buy" rating to an "underperform" rating and cut their target price for the stock from $72.00 to $50.00 in a report on Friday, March 7th. Wall Street Zen upgraded shares of Air Lease from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. 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. Finally, UBS Group set a $50.00 price target on shares of Air Lease in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $57.43.

Insider Activity

In other news, EVP Grant A. Levy sold 10,000 shares of the business'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 sale, the executive vice president now owns 146,316 shares in the company, valued at approximately $8,318,064.60. The trade was a 6.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 6.64% of the company's stock.

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.