Tudor Investment Corp ET AL purchased a new position in Air Lease Co. (NYSE:AL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 39,603 shares of the transportation company's stock, valued at approximately $1,909,000.
Several other hedge funds have also recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd acquired a new position in Air Lease in the 4th quarter valued at about $28,000. SBI Securities Co. Ltd. acquired a new stake in shares of Air Lease during the 4th quarter valued at $31,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Air Lease in the third quarter valued at approximately $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 acquiring an additional 1,049 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of 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 last quarter. 94.59% of the stock is currently owned by institutional investors and hedge funds.
Air Lease Price Performance
Shares of AL stock traded down $0.19 on Thursday, reaching $53.59. The company's stock had a trading volume of 1,625,400 shares, compared to its average volume of 766,322. Air Lease Co. has a 12-month low of $38.25 and a 12-month high of $55.04. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.68. The company has a market capitalization of $5.99 billion, a P/E ratio of 16.09, a PEG ratio of 1.33 and a beta of 1.33. The stock's 50 day simple moving average is $45.61 and its 200-day simple moving average is $46.99.
Air Lease (NYSE:AL - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $738.28 million for the quarter, compared to the consensus estimate of $709.70 million. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. The company's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the business posted $0.87 earnings per share. As a group, equities analysts predict that Air Lease Co. will post 5.16 earnings per share for the current fiscal year.
Air Lease Dividend Announcement
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 dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Wednesday, June 4th. Air Lease's payout ratio is 26.43%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the stock. StockNews.com raised shares of Air Lease from a "hold" rating to a "buy" rating in a research note on Wednesday. UBS Group set a $50.00 price target on Air Lease in a research note on Friday, March 7th. JPMorgan Chase & Co. boosted their price target on shares of Air Lease from $56.00 to $57.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Finally, Bank of America downgraded shares of Air Lease from a "buy" rating to an "underperform" rating and cut their price target for the stock from $72.00 to $50.00 in a report on Friday, March 7th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.67.
Get Our Latest Stock Report on AL
About Air Lease
(
Free Report)
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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