Lighthouse Investment Partners LLC Purchases 122,940 Shares of Air Lease Co. (NYSE:AL)

Lighthouse Investment Partners LLC raised its holdings in shares of Air Lease Co. (NYSE:AL - Free Report) by 1,944.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,261 shares of the transportation company's stock after purchasing an additional 122,940 shares during the period. Lighthouse Investment Partners LLC owned 0.12% of Air Lease worth $6,232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AL. Barclays PLC raised its position in shares of Air Lease by 104.6% in the 3rd quarter. Barclays PLC now owns 86,033 shares of the transportation company's stock worth $3,897,000 after acquiring an additional 43,981 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Air Lease by 9.2% in the 3rd quarter. Principal Financial Group Inc. now owns 830,047 shares of the transportation company's stock worth $37,591,000 after acquiring an additional 69,887 shares in the last quarter. Reinhart Partners LLC. raised its position in shares of Air Lease by 2.7% in the 4th quarter. Reinhart Partners LLC. now owns 1,585,790 shares of the transportation company's stock worth $76,451,000 after acquiring an additional 42,034 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Air Lease by 34.9% in the 4th quarter. Park Avenue Securities LLC now owns 18,203 shares of the transportation company's stock worth $878,000 after acquiring an additional 4,708 shares in the last quarter. Finally, MBM Wealth Consultants LLC raised its position in shares of Air Lease by 5.3% in the 4th quarter. MBM Wealth Consultants LLC now owns 13,847 shares of the transportation company's stock worth $664,000 after acquiring an additional 691 shares in the last quarter. Institutional investors own 94.59% of the company's stock.

Air Lease Stock Up 0.1%

Shares of Air Lease stock traded up $0.08 during midday trading on Friday, hitting $57.48. The company had a trading volume of 661,843 shares, compared to its average volume of 773,838. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a market capitalization of $6.42 billion, a P/E ratio of 17.26, a P/E/G ratio of 1.33 and a beta of 1.33. The company has a 50 day moving average of $47.10 and a 200 day moving average of $47.58. Air Lease Co. has a 52-week low of $38.25 and a 52-week high of $57.80.

Air Lease (NYSE:AL - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The transportation company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.27. The company had revenue of $738.28 million for the quarter, compared to the consensus estimate of $709.70 million. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.87 EPS. On average, equities analysts predict that Air Lease Co. will post 5.16 earnings per share for the current fiscal year.

Air Lease Announces Dividend

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 annualized dividend and a dividend yield of 1.53%. Air Lease's payout ratio is currently 15.38%.

Insider Buying and Selling at Air Lease

In other Air Lease 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 transaction of $568,500.00. Following the sale, the executive vice president now directly owns 146,316 shares in the company, valued at approximately $8,318,064.60. This trade represents a 6.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 6.64% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. StockNews.com raised Air Lease from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. increased their target price on Air Lease from $56.00 to $57.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. UBS Group set a $50.00 target price on Air Lease in a research report on Friday, March 7th. Finally, Bank of America downgraded Air Lease from a "buy" rating to an "underperform" rating and cut their price target for the stock from $72.00 to $50.00 in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $55.67.

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.