Northern Trust Corp Has $65.49 Million Stock Holdings in Air Lease Co. (NYSE:AL)

Northern Trust Corp increased its holdings in shares of Air Lease Co. (NYSE:AL - Free Report) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,358,362 shares of the transportation company's stock after acquiring an additional 110,877 shares during the quarter. Northern Trust Corp owned approximately 1.22% of Air Lease worth $65,487,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Aster Capital Management DIFC Ltd bought a new position in Air Lease in the 4th quarter worth approximately $28,000. Wilmington Savings Fund Society FSB bought a new position in shares of Air Lease in the third quarter worth $31,000. SBI Securities Co. Ltd. acquired a new position in shares of Air Lease during the fourth quarter valued at $31,000. Brown Brothers Harriman & Co. raised its stake in shares of Air Lease by 5,245.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,069 shares of the transportation company's stock valued at $52,000 after purchasing an additional 1,049 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Air Lease by 1,506.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,189 shares of the transportation company's stock worth $57,000 after purchasing an additional 1,115 shares during the period. Institutional investors own 94.59% of the company's stock.

Air Lease Trading Up 3.0%

AL traded up $1.59 during trading on Monday, reaching $55.24. The company had a trading volume of 120,875 shares, compared to its average volume of 765,443. Air Lease Co. has a 12-month low of $38.25 and a 12-month high of $55.77. The firm's 50-day simple moving average is $45.93 and its 200 day simple moving average is $47.16. 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 company has a market cap of $6.17 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 1.33 and a beta of 1.33.

Air Lease (NYSE:AL - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $738.28 million for the quarter, compared to analysts' expectations of $709.70 million. Air Lease had a net margin of 15.65% and a return on equity of 8.01%. The company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.87 EPS. Equities research analysts anticipate that Air Lease Co. will post 5.16 earnings per share for the current year.

Air Lease Dividend Announcement

The firm also recently disclosed 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. This represents a $0.88 annualized dividend and a yield of 1.59%. The ex-dividend date is Wednesday, June 4th. Air Lease's dividend payout ratio is currently 15.38%.

Wall Street Analyst Weigh In

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