Susquehanna Fundamental Investments LLC Makes New $5.13 Million Investment in Air Lease Co. (NYSE:AL)

Susquehanna Fundamental Investments LLC purchased a new position in Air Lease Co. (NYSE:AL - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 106,494 shares of the transportation company's stock, valued at approximately $5,134,000. Susquehanna Fundamental Investments LLC owned 0.10% of Air Lease at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AL. Barclays PLC grew its holdings in Air Lease by 104.6% during the third quarter. Barclays PLC now owns 86,033 shares of the transportation company's stock worth $3,897,000 after acquiring an additional 43,981 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Air Lease during the 3rd quarter worth approximately $31,000. Principal Financial Group Inc. increased its holdings in shares of Air Lease by 9.2% during the 3rd quarter. Principal Financial Group Inc. now owns 830,047 shares of the transportation company's stock valued at $37,591,000 after purchasing an additional 69,887 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Air Lease by 23.6% in the 4th quarter. GAMMA Investing LLC now owns 2,309 shares of the transportation company's stock valued at $111,000 after purchasing an additional 441 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in Air Lease by 1.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 162,685 shares of the transportation company's stock worth $7,843,000 after buying an additional 1,558 shares in the last quarter. 94.59% of the stock is owned by hedge funds and other institutional investors.

Air Lease Price Performance

AL stock traded up $1.25 during trading on Friday, hitting $48.20. The stock had a trading volume of 934,356 shares, compared to its average volume of 762,147. Air Lease Co. has a twelve month low of $38.25 and a twelve month high of $52.31. The company's 50-day moving average price is $45.37 and its two-hundred day moving average price is $46.82. 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 stock has a market capitalization of $5.39 billion, a P/E ratio of 14.47, a PEG ratio of 1.33 and a beta of 1.34.

Air Lease (NYSE:AL - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The transportation company reported $1.26 EPS for the quarter, beating the consensus estimate of $0.82 by $0.44. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. As a group, research analysts predict that Air Lease Co. will post 5.16 EPS for the current fiscal year.

Air Lease Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Tuesday, March 18th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a yield of 1.83%. Air Lease's payout ratio is presently 26.43%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AL shares. JPMorgan Chase & Co. upped their price objective on shares of Air Lease from $56.00 to $57.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. UBS Group set a $50.00 price target on Air Lease in a report on Friday, March 7th. Finally, Bank of America lowered Air Lease from a "buy" rating to an "underperform" rating and dropped their price objective for the company from $72.00 to $50.00 in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $55.67.

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.