Segall Bryant & Hamill LLC reduced its position in Air Lease Corp (NYSE:AL) by 11.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,064,906 shares of the transportation company’s stock after selling 139,785 shares during the period. Segall Bryant & Hamill LLC owned about 1.02% of Air Lease worth $32,171,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of AL. Royce & Associates LP increased its holdings in shares of Air Lease by 19.3% during the 4th quarter. Royce & Associates LP now owns 3,062,172 shares of the transportation company’s stock valued at $92,508,000 after acquiring an additional 495,858 shares during the last quarter. Capital International Investors acquired a new position in shares of Air Lease during the 3rd quarter valued at about $18,031,000. BlackRock Inc. increased its holdings in shares of Air Lease by 7.8% during the 4th quarter. BlackRock Inc. now owns 4,330,216 shares of the transportation company’s stock valued at $130,815,000 after acquiring an additional 313,018 shares during the last quarter. Zweig DiMenna Associates LLC increased its holdings in shares of Air Lease by 113.6% during the 4th quarter. Zweig DiMenna Associates LLC now owns 565,276 shares of the transportation company’s stock valued at $17,077,000 after acquiring an additional 300,685 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Air Lease by 7.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,305,235 shares of the transportation company’s stock valued at $130,060,000 after acquiring an additional 289,140 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors.
AL has been the topic of a number of analyst reports. TheStreet raised Air Lease from a “c+” rating to a “b-” rating in a report on Wednesday, January 30th. Zacks Investment Research raised Air Lease from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Monday, November 26th. Cowen reissued a “buy” rating and set a $54.00 price objective on shares of Air Lease in a report on Friday, November 30th. Finally, Barclays set a $50.00 target price on Air Lease and gave the company a “buy” rating in a report on Friday, December 14th. One analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $56.00.
Air Lease (NYSE:AL) last released its earnings results on Thursday, February 21st. The transportation company reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.01. The firm had revenue of $449.98 million for the quarter, compared to analyst estimates of $457.55 million. Air Lease had a return on equity of 11.45% and a net margin of 30.41%. Research analysts expect that Air Lease Corp will post 5.62 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Wednesday, March 20th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Tuesday, March 19th. Air Lease’s dividend payout ratio (DPR) is currently 11.30%.
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Air Lease Company 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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