Air Lease Co. (NYSE:AL) Holdings Lifted by Gotham Asset Management LLC

Gotham Asset Management LLC increased its stake in shares of Air Lease Co. (NYSE:AL - Free Report) by 47.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 188,645 shares of the transportation company's stock after purchasing an additional 60,577 shares during the quarter. Gotham Asset Management LLC owned 0.17% of Air Lease worth $9,095,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Engine Capital Management LP purchased a new position in shares of Air Lease in the fourth quarter valued at $36,000. Deutsche Bank AG boosted its stake in shares of Air Lease by 13.3% during the fourth quarter. Deutsche Bank AG now owns 6,408 shares of the transportation company's stock valued at $309,000 after acquiring an additional 754 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Air Lease by 6.6% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,456,910 shares of the transportation company's stock valued at $70,238,000 after acquiring an additional 90,120 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Air Lease by 5.3% during the fourth quarter. Captrust Financial Advisors now owns 11,506 shares of the transportation company's stock valued at $555,000 after acquiring an additional 582 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Air Lease by 46.0% during the fourth quarter. BNP Paribas Financial Markets now owns 5,063 shares of the transportation company's stock valued at $244,000 after acquiring an additional 1,595 shares during the last quarter. Hedge funds and other institutional investors own 94.59% of the company's stock.

Insiders Place Their Bets

In other news, EVP Grant A. Levy sold 10,000 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 146,316 shares of the company's stock, valued at approximately $8,318,064.60. This represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 6.64% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AL has been the topic of a number of analyst reports. Bank of America lowered Air Lease from a "buy" rating to an "underperform" rating and decreased their price objective for the company from $72.00 to $50.00 in a research note on Friday, March 7th. StockNews.com upgraded Air Lease from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. lifted their price target on Air Lease from $56.00 to $57.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Finally, UBS Group set a $50.00 price target on Air Lease in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $55.67.

Air Lease Stock Up 0.1%

Air Lease stock traded up $0.08 during midday trading on Friday, hitting $57.48. 661,843 shares of the company were exchanged, compared to its average volume of 772,272. The company's fifty day moving average price is $46.83 and its 200-day moving average price is $47.46. The company has a market cap of $6.42 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 1.33 and a beta of 1.33. 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 Co. has a fifty-two week low of $38.25 and a fifty-two week high of $57.80.

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, topping 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 return on equity of 8.01% and a net margin of 15.65%. Air Lease's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 EPS. On average, 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 disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.22 per share. The ex-dividend date is Wednesday, June 4th. This represents a $0.88 annualized dividend and a yield of 1.53%. Air Lease's dividend payout ratio is presently 15.38%.

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.