Hahn Capital Management LLC Has $6.84 Million Stake in Air Lease Co. (NYSE:AL)

Hahn Capital Management LLC decreased its stake in Air Lease Co. (NYSE:AL - Free Report) by 24.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,970 shares of the transportation company's stock after selling 52,432 shares during the quarter. Air Lease makes up about 2.7% of Hahn Capital Management LLC's investment portfolio, making the stock its 21st largest position. Hahn Capital Management LLC owned 0.15% of Air Lease worth $6,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of AL. Belpointe Asset Management LLC acquired a new position in Air Lease in the first quarter worth $28,000. CWM LLC boosted its stake in Air Lease by 296.1% in the third quarter. CWM LLC now owns 911 shares of the transportation company's stock worth $36,000 after purchasing an additional 681 shares in the last quarter. Neo Ivy Capital Management acquired a new position in Air Lease in the second quarter worth $31,000. Quantbot Technologies LP acquired a new position in Air Lease in the third quarter worth $48,000. Finally, Tower Research Capital LLC TRC boosted its stake in Air Lease by 421.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,409 shares of the transportation company's stock worth $59,000 after purchasing an additional 1,139 shares in the last quarter. Institutional investors and hedge funds own 94.59% of the company's stock.

Insider Activity at Air Lease

In related news, CEO John L. Plueger sold 28,515 shares of the company's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $40.06, for a total value of $1,142,310.90. Following the completion of the sale, the chief executive officer now owns 808,842 shares in the company, valued at $32,402,210.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Air Lease news, EVP Alex A. Khatibi sold 11,199 shares of the business's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $47.37, for a total value of $530,496.63. Following the completion of the transaction, the executive vice president now directly owns 76,300 shares of the company's stock, valued at $3,614,331. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO John L. Plueger sold 28,515 shares of the business's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $40.06, for a total value of $1,142,310.90. Following the completion of the transaction, the chief executive officer now directly owns 808,842 shares of the company's stock, valued at $32,402,210.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,646 shares of company stock worth $3,705,152. 6.64% of the stock is owned by insiders.

Air Lease Trading Down 2.0 %

Shares of AL stock traded down $1.03 on Tuesday, reaching $50.15. 1,375,305 shares of the stock were exchanged, compared to its average volume of 1,453,410. The stock has a 50 day moving average price of $43.95 and a 200 day moving average price of $40.47. The stock has a market cap of $5.58 billion, a PE ratio of 9.74, a P/E/G ratio of 0.70 and a beta of 1.65. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.40 and a quick ratio of 0.40. Air Lease Co. has a one year low of $33.33 and a one year high of $51.77.

Air Lease (NYSE:AL - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The transportation company reported $1.89 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.79. The business had revenue of $716.57 million during the quarter, compared to the consensus estimate of $672.95 million. Air Lease had a return on equity of 8.87% and a net margin of 22.89%. The firm's revenue was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.21 earnings per share. Equities research analysts forecast that Air Lease Co. will post 5.64 EPS for the current fiscal year.

Air Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Friday, March 15th will be issued a $0.21 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.84 dividend on an annualized basis and a yield of 1.68%. Air Lease's dividend payout ratio is presently 16.31%.

Wall Street Analyst Weigh In

AL has been the topic of a number of recent analyst reports. Barclays boosted their price objective on Air Lease from $46.00 to $48.00 and gave the stock an "overweight" rating in a research note on Thursday, January 25th. BMO Capital Markets boosted their price objective on Air Lease from $54.00 to $55.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 20th. Finally, StockNews.com downgraded Air Lease from a "buy" rating to a "hold" rating in a research report on Friday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $51.50.

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.

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