Air Lease Co. (NYSE:AL) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its stake in shares of Air Lease Co. (NYSE:ALGet Rating) by 1.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,857,620 shares of the transportation company’s stock after selling 71,849 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.05% of Air Lease worth $259,080,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Toronto Dominion Bank purchased a new position in shares of Air Lease in the third quarter worth about $1,003,000. FIL Ltd raised its stake in Air Lease by 2.5% during the third quarter. FIL Ltd now owns 1,941,681 shares of the transportation company’s stock worth $76,386,000 after purchasing an additional 46,843 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its stake in Air Lease by 12.5% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 17,042 shares of the transportation company’s stock worth $670,000 after purchasing an additional 1,900 shares during the period. Marshall Wace LLP purchased a new position in Air Lease during the third quarter worth about $1,219,000. Finally, Ceredex Value Advisors LLC purchased a new position in Air Lease during the third quarter worth about $17,141,000. 86.00% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on AL. StockNews.com began coverage on shares of Air Lease in a report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research cut shares of Air Lease from a “buy” rating to a “hold” rating and set a $46.00 price objective for the company. in a report on Tuesday, April 26th. HSBC started coverage on shares of Air Lease in a report on Tuesday, March 15th. They issued a “buy” rating and a $50.00 price objective for the company. Barclays lifted their price target on shares of Air Lease from $56.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 10th. Finally, Credit Suisse Group lifted their price target on shares of Air Lease from $50.00 to $53.00 and gave the stock an “outperform” rating in a research note on Friday, February 11th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Air Lease has an average rating of “Buy” and a consensus price target of $52.50.

Shares of NYSE:AL opened at $41.15 on Thursday. The company has a market capitalization of $4.70 billion, a PE ratio of 11.56, a P/E/G ratio of 0.54 and a beta of 1.90. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 2.43. Air Lease Co. has a twelve month low of $33.41 and a twelve month high of $50.99. The firm has a 50 day simple moving average of $41.75 and a 200-day simple moving average of $42.77.

Air Lease (NYSE:ALGet Rating) last issued its quarterly earnings data on Thursday, February 17th. The transportation company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.41. The business had revenue of $597.18 million during the quarter, compared to the consensus estimate of $535.32 million. Air Lease had a net margin of 20.45% and a return on equity of 6.44%. During the same quarter in the previous year, the firm earned $0.94 EPS. As a group, equities research analysts predict that Air Lease Co. will post 4.64 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 7th. Investors of record on Friday, March 18th were given a $0.185 dividend. The ex-dividend date of this dividend was Thursday, March 17th. This represents a $0.74 annualized dividend and a yield of 1.80%. Air Lease’s dividend payout ratio (DPR) is 20.79%.

Air Lease Profile (Get Rating)

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

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

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