Dimensional Fund Advisors LP Has $286.66 Million Stock Holdings in Air Lease Co. (NYSE:AL)

Dimensional Fund Advisors LP lifted its position in Air Lease Co. (NYSE:AL - Free Report) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,834,987 shares of the transportation company's stock after acquiring an additional 178,632 shares during the quarter. Dimensional Fund Advisors LP owned 6.16% of Air Lease worth $286,660,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bfsg LLC purchased a new stake in shares of Air Lease during the fourth quarter worth about $869,000. Jump Financial LLC purchased a new stake in Air Lease in the third quarter valued at approximately $1,256,000. Russell Investments Group Ltd. boosted its position in Air Lease by 5.6% in the fourth quarter. Russell Investments Group Ltd. now owns 722,143 shares of the transportation company's stock valued at $30,287,000 after buying an additional 38,302 shares during the last quarter. Natixis Advisors L.P. boosted its position in Air Lease by 0.6% in the third quarter. Natixis Advisors L.P. now owns 186,241 shares of the transportation company's stock valued at $7,340,000 after buying an additional 1,049 shares during the last quarter. Finally, Ellis Investment Partners LLC lifted its holdings in Air Lease by 1.7% in the fourth quarter. Ellis Investment Partners LLC now owns 72,256 shares of the transportation company's stock valued at $3,030,000 after acquiring an additional 1,209 shares during the period. Hedge funds and other institutional investors own 94.59% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on AL shares. BMO Capital Markets boosted their price target on Air Lease from $54.00 to $55.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 20th. Barclays boosted their price target on Air Lease from $48.00 to $55.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 16th. TD Cowen dropped their price target on Air Lease from $59.00 to $56.00 and set a "buy" rating for the company in a research report on Tuesday, May 7th. Finally, StockNews.com cut Air Lease from a "buy" rating to a "hold" rating in a report on Friday, March 29th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $53.80.

Air Lease Trading Down 0.4 %

NYSE:AL traded down $0.21 during trading hours on Monday, hitting $48.89. The company had a trading volume of 570,401 shares, compared to its average volume of 1,303,953. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 2.69. The company has a 50-day moving average of $48.65 and a 200 day moving average of $42.93. The company has a market cap of $5.44 billion, a P/E ratio of 9.88, a P/E/G ratio of 0.61 and a beta of 1.63. Air Lease Co. has a 1 year low of $33.33 and a 1 year high of $52.31.

Air Lease (NYSE:AL - Get Free Report) last released its quarterly earnings results on Monday, May 6th. The transportation company reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.94 by ($0.07). The business had revenue of $663.31 million for the quarter, compared to analysts' expectations of $677.26 million. Air Lease had a return on equity of 9.00% and a net margin of 21.89%. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.06 earnings per share. Sell-side analysts expect that Air Lease Co. will post 6.22 earnings per share for the current year.

Air Lease Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Tuesday, June 4th will be given a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $0.84 annualized dividend and a yield of 1.72%. Air Lease's dividend payout ratio is presently 16.94%.

Insiders Place Their Bets

In related news, EVP Alex A. Khatibi sold 11,199 shares of the business's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $47.37, for a total transaction 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 approximately $3,614,331. The transaction was disclosed in a legal 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 firm's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $47.37, for a total value of $530,496.63. Following the sale, the executive vice president now directly owns 76,300 shares in the company, valued at $3,614,331. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Carol Hyland Forsyte sold 3,046 shares of the firm's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $40.02, for a total value of $121,900.92. Following the sale, the executive vice president now directly owns 72,073 shares in the company, valued at approximately $2,884,361.46. The disclosure for this sale can be found here. Insiders sold a total of 89,646 shares of company stock worth $3,705,152 over the last 90 days. Corporate insiders own 6.64% of the company's stock.

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.