Teachers Advisors LLC Sells 1,207 Shares of Air Lease Co. (AL)

Teachers Advisors LLC decreased its holdings in shares of Air Lease Co. (NYSE:AL) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 114,245 shares of the transportation company’s stock after selling 1,207 shares during the quarter. Teachers Advisors LLC owned about 0.11% of Air Lease worth $5,494,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AL. Suntrust Banks Inc. increased its position in Air Lease by 17.9% during the fourth quarter. Suntrust Banks Inc. now owns 7,625 shares of the transportation company’s stock valued at $366,000 after acquiring an additional 1,159 shares during the last quarter. Advisory Services Network LLC increased its position in Air Lease by 4.9% during the fourth quarter. Advisory Services Network LLC now owns 25,430 shares of the transportation company’s stock valued at $1,223,000 after acquiring an additional 1,191 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Air Lease by 1.5% during the fourth quarter. UBS Asset Management Americas Inc. now owns 103,767 shares of the transportation company’s stock valued at $4,990,000 after acquiring an additional 1,521 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Air Lease by 48.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,333 shares of the transportation company’s stock valued at $256,000 after acquiring an additional 1,734 shares during the last quarter. Finally, Gradient Investments LLC increased its position in Air Lease by 20.3% during the fourth quarter. Gradient Investments LLC now owns 11,036 shares of the transportation company’s stock valued at $531,000 after acquiring an additional 1,865 shares during the last quarter. 90.45% of the stock is currently owned by institutional investors.

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In related news, insider Steven F. Udvar-Hazy sold 30,363 shares of the company’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $44.25, for a total value of $1,343,562.75. Following the completion of the sale, the insider now directly owns 959,175 shares of the company’s stock, valued at $42,443,493.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Grant A. Levy sold 10,000 shares of the company’s stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $44.01, for a total transaction of $440,100.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 85,077 shares of company stock worth $3,781,447. Company insiders own 9.32% of the company’s stock.

A number of research firms have weighed in on AL. ValuEngine upgraded shares of Air Lease from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 2nd. Zacks Investment Research cut shares of Air Lease from a “buy” rating to a “hold” rating in a research report on Tuesday, March 27th. Macquarie began coverage on shares of Air Lease in a research report on Tuesday, March 13th. They set an “outperform” rating on the stock. Bank of America upgraded shares of Air Lease from a “neutral” rating to a “buy” rating and set a $56.00 price objective on the stock in a research report on Friday, March 9th. Finally, JPMorgan Chase boosted their price objective on shares of Air Lease from $48.00 to $54.50 and gave the company an “overweight” rating in a research report on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $52.05.

NYSE AL opened at $41.52 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.35. The stock has a market capitalization of $4,302.37, a PE ratio of 11.34, a P/E/G ratio of 1.80 and a beta of 1.70. Air Lease Co. has a 12 month low of $34.42 and a 12 month high of $50.70.

Air Lease (NYSE:AL) last posted its quarterly earnings results on Thursday, February 22nd. The transportation company reported $1.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.19. The firm had revenue of $398.47 million for the quarter, compared to analysts’ expectations of $380.93 million. Air Lease had a net margin of 49.87% and a return on equity of 10.91%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.48 earnings per share. equities research analysts anticipate that Air Lease Co. will post 4.34 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 6th. Stockholders of record on Tuesday, March 20th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Monday, March 19th. Air Lease’s payout ratio is presently 10.96%.

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Air Lease Profile

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet transport aircraft to airlines worldwide. The company also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, and airlines.

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Institutional Ownership by Quarter for Air Lease (NYSE:AL)

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