Air Lease Co. (NYSE:AL) Position Increased by Moore Capital Management LP

Moore Capital Management LP grew its position in Air Lease Co. (NYSE:AL - Free Report) by 13.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 124,752 shares of the transportation company's stock after acquiring an additional 14,752 shares during the period. Moore Capital Management LP owned about 0.11% of Air Lease worth $6,014,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP increased its position in shares of Air Lease by 7.2% in the fourth quarter. Wellington Management Group LLP now owns 5,384,230 shares of the transportation company's stock valued at $259,574,000 after buying an additional 362,585 shares in the last quarter. American Century Companies Inc. grew its stake in Air Lease by 13.7% in the 4th quarter. American Century Companies Inc. now owns 3,226,921 shares of the transportation company's stock valued at $155,570,000 after acquiring an additional 389,070 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Air Lease by 43.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,800,723 shares of the transportation company's stock valued at $134,332,000 after acquiring an additional 842,780 shares in the last quarter. Earnest Partners LLC raised its position in Air Lease by 0.4% during the fourth quarter. Earnest Partners LLC now owns 2,577,931 shares of the transportation company's stock worth $124,282,000 after acquiring an additional 9,809 shares during the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of Air Lease by 50.7% in the fourth quarter. Capital Research Global Investors now owns 2,050,000 shares of the transportation company's stock valued at $98,830,000 after purchasing an additional 690,000 shares in the last quarter. Hedge funds and other institutional investors own 94.59% of the company's stock.

Air Lease Stock Up 0.1%

Shares of NYSE AL traded up $0.08 during trading on Friday, reaching $57.48. 661,843 shares of the stock were exchanged, compared to its average volume of 773,151. Air Lease Co. has a twelve month low of $38.25 and a twelve month high of $57.80. 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 company has a market capitalization of $6.42 billion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 1.33 and a beta of 1.33. The business's 50-day moving average price is $46.83 and its 200 day moving average price is $47.46.

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. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. The business 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 firm posted $0.87 earnings per share. The company's revenue was up 11.3% compared to the same quarter last year. As a group, equities analysts forecast 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. Stockholders of record on Wednesday, June 4th will be given 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 payout ratio is currently 15.38%.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on AL. UBS Group set a $50.00 price objective on shares of Air Lease in a research note on Friday, March 7th. JPMorgan Chase & Co. lifted their price target 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. StockNews.com raised shares of Air Lease from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Finally, Bank of America cut Air Lease from a "buy" rating to an "underperform" rating and decreased their target price for the stock from $72.00 to $50.00 in a report on Friday, March 7th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to data from MarketBeat, Air Lease has an average rating of "Moderate Buy" and an average price target of $55.67.

Air Lease Company 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.