Moore Capital Management LP Has $6.01 Million Stake in Air Lease Co. (NYSE:AL)

Moore Capital Management LP raised its position in Air Lease Co. (NYSE:AL - Free Report) by 13.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 124,752 shares of the transportation company's stock after acquiring an additional 14,752 shares during the quarter. Moore Capital Management LP owned approximately 0.11% of Air Lease worth $6,014,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Arizona State Retirement System grew its stake in Air Lease by 0.8% in the 4th quarter. Arizona State Retirement System now owns 30,708 shares of the transportation company's stock valued at $1,480,000 after acquiring an additional 244 shares during the last quarter. Principal Securities Inc. lifted its holdings in Air Lease by 11.6% in the 4th quarter. Principal Securities Inc. now owns 2,655 shares of the transportation company's stock valued at $128,000 after purchasing an additional 276 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in Air Lease by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 45,851 shares of the transportation company's stock valued at $2,210,000 after purchasing an additional 280 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Air Lease by 0.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 43,524 shares of the transportation company's stock worth $2,098,000 after acquiring an additional 318 shares during the period. Finally, Stifel Financial Corp lifted its holdings in shares of Air Lease by 0.6% during the 4th quarter. Stifel Financial Corp now owns 84,707 shares of the transportation company's stock worth $4,084,000 after acquiring an additional 519 shares during the period. Hedge funds and other institutional investors own 94.59% of the company's stock.

Air Lease Stock Performance

Shares of NYSE AL traded up $0.08 during midday trading on Friday, reaching $57.48. 661,843 shares of the company traded hands, compared to its average volume of 773,838. Air Lease Co. has a 52 week low of $38.25 and a 52 week high of $57.80. The stock has a 50-day moving average price of $47.10 and a 200 day moving average price of $47.58. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 1.33 and a beta of 1.33.

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 net margin of 15.65% and a return on equity of 8.01%. The business had revenue of $738.28 million for the quarter, compared to analysts' expectations of $709.70 million. During the same period in the previous year, the business earned $0.87 earnings per share. The company's revenue was up 11.3% on a year-over-year basis. Sell-side analysts anticipate that Air Lease Co. will post 5.16 earnings per share for the current fiscal year.

Air Lease Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 4th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Wednesday, June 4th. Air Lease's dividend payout ratio (DPR) is presently 15.38%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Air Lease news, EVP Grant A. Levy sold 10,000 shares of the business'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 directly owns 146,316 shares in the company, valued at approximately $8,318,064.60. The trade was a 6.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.64% of the stock is owned by company 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.