Rothschild & Co. Asset Management US Inc. Boosts Position in Air Lease Corp (AL)

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Rothschild & Co. Asset Management US Inc. increased its holdings in shares of Air Lease Corp (NYSE:AL) by 18.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,996 shares of the transportation company’s stock after purchasing an additional 7,008 shares during the quarter. Rothschild & Co. Asset Management US Inc.’s holdings in Air Lease were worth $1,580,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AL. Cambiar Investors LLC grew its stake in shares of Air Lease by 37.9% during the 1st quarter. Cambiar Investors LLC now owns 138,843 shares of the transportation company’s stock worth $4,769,000 after acquiring an additional 38,131 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Air Lease by 14.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 13,640 shares of the transportation company’s stock worth $467,000 after acquiring an additional 1,670 shares in the last quarter. US Bancorp DE grew its stake in shares of Air Lease by 11.7% during the 1st quarter. US Bancorp DE now owns 19,858 shares of the transportation company’s stock worth $682,000 after acquiring an additional 2,080 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Air Lease by 11.2% during the 1st quarter. New York State Common Retirement Fund now owns 233,800 shares of the transportation company’s stock worth $8,031,000 after acquiring an additional 23,500 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Air Lease by 580.6% during the 1st quarter. JPMorgan Chase & Co. now owns 156,768 shares of the transportation company’s stock worth $5,385,000 after acquiring an additional 133,735 shares in the last quarter. 85.92% of the stock is owned by institutional investors and hedge funds.

In other news, CEO John L. Plueger sold 395,806 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $38.16, for a total value of $15,103,956.96. Following the completion of the sale, the chief executive officer now owns 914,145 shares of the company’s stock, valued at approximately $34,883,773.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John L. Plueger sold 50,671 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $38.59, for a total value of $1,955,393.89. Following the completion of the sale, the chief executive officer now directly owns 914,145 shares of the company’s stock, valued at approximately $35,276,855.55. The disclosure for this sale can be found here. Corporate insiders own 8.76% of the company’s stock.

Several brokerages have recently weighed in on AL. Zacks Investment Research raised shares of Air Lease from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. ValuEngine raised shares of Air Lease from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 11th. Goldman Sachs Group began coverage on shares of Air Lease in a research note on Monday, April 8th. They set a “buy” rating and a $52.00 price target for the company. Finally, TheStreet raised shares of Air Lease from a “c+” rating to a “b-” rating in a research note on Wednesday, January 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $55.56.

NYSE AL opened at $36.76 on Monday. The company has a market capitalization of $4.08 billion, a PE ratio of 7.99, a P/E/G ratio of 0.89 and a beta of 2.04. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.81 and a quick ratio of 0.81. Air Lease Corp has a 12 month low of $28.13 and a 12 month high of $47.34.

Air Lease (NYSE:AL) last released its quarterly earnings data on Thursday, May 9th. The transportation company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.22 by $0.01. The company had revenue of $466.00 million during the quarter, compared to the consensus estimate of $456.91 million. Air Lease had a return on equity of 11.45% and a net margin of 30.50%. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.38 EPS. On average, sell-side analysts forecast that Air Lease Corp will post 5.55 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Wednesday, June 5th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Tuesday, June 4th. Air Lease’s payout ratio is presently 11.30%.

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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.

Read More: Cash Flow Analysis in Stock Selection

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

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