Stanley Laman Group Ltd. Sells 4,916 Shares of Air Lease Co. (NYSE:AL)

Stanley Laman Group Ltd. lowered its position in shares of Air Lease Co. (NYSE:AL) by 5.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 78,500 shares of the transportation company’s stock after selling 4,916 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Air Lease were worth $3,292,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AL. CWM LLC increased its position in shares of Air Lease by 296.1% during the third quarter. CWM LLC now owns 911 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 681 shares in the last quarter. Copeland Capital Management LLC grew its position in Air Lease by 0.3% in the 3rd quarter. Copeland Capital Management LLC now owns 1,706,579 shares of the transportation company’s stock worth $67,256,000 after purchasing an additional 4,715 shares during the period. Raymond James & Associates grew its position in Air Lease by 1.4% in the 3rd quarter. Raymond James & Associates now owns 362,943 shares of the transportation company’s stock worth $14,304,000 after purchasing an additional 4,971 shares during the period. Reinhart Partners LLC. grew its position in Air Lease by 3.5% in the 3rd quarter. Reinhart Partners LLC. now owns 1,258,240 shares of the transportation company’s stock worth $49,587,000 after purchasing an additional 42,157 shares during the period. Finally, Redmont Wealth Advisors LLC grew its position in Air Lease by 8.8% in the 3rd quarter. Redmont Wealth Advisors LLC now owns 13,833 shares of the transportation company’s stock worth $545,000 after purchasing an additional 1,118 shares during the period. Institutional investors own 94.59% of the company’s stock.

Analyst Upgrades and Downgrades

AL has been the subject of a number of research analyst reports. BMO Capital Markets lifted their target price on shares of Air Lease from $54.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. StockNews.com downgraded shares of Air Lease from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Finally, Barclays lifted their target price on shares of Air Lease from $48.00 to $55.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.25.

Insider Activity at Air Lease

In related news, EVP Alex A. Khatibi sold 11,199 shares of Air Lease stock in a transaction on Friday, March 15th. The shares were sold at an average price of $47.37, for a total transaction of $530,496.63. Following the transaction, the executive vice president now owns 76,300 shares in the company, valued at approximately $3,614,331. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Air Lease news, CEO John L. Plueger sold 28,515 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $40.06, for a total value of $1,142,310.90. Following the sale, the chief executive officer now owns 808,842 shares in the company, valued at approximately $32,402,210.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Alex A. Khatibi sold 11,199 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $47.37, for a total transaction of $530,496.63. Following the completion of the sale, the executive vice president now owns 76,300 shares in the company, valued at approximately $3,614,331. The disclosure for this sale can be found here. In the last quarter, insiders have sold 89,646 shares of company stock worth $3,705,152. 6.64% of the stock is owned by corporate insiders.

Air Lease Stock Performance

Shares of Air Lease stock traded up $0.16 on Thursday, hitting $51.56. 664,497 shares of the company’s stock were exchanged, compared to its average volume of 1,336,038. The company has a 50-day simple moving average of $46.25 and a 200-day simple moving average of $41.63. The stock has a market capitalization of $5.74 billion, a PE ratio of 10.01, a PEG ratio of 0.70 and a beta of 1.65. Air Lease Co. has a 1 year low of $33.33 and a 1 year high of $51.77. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.40 and a current ratio of 0.40.

Air Lease (NYSE:AL) last issued its quarterly earnings results on Thursday, February 15th. The transportation company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.79. The business had revenue of $716.57 million for the quarter, compared to analysts’ expectations of $672.95 million. Air Lease had a net margin of 22.89% and a return on equity of 8.87%. The company’s revenue was up 19.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.21 EPS. As a group, equities analysts anticipate that Air Lease Co. will post 5.64 EPS for the current year.

Air Lease Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 15th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Thursday, March 14th. Air Lease’s dividend payout ratio (DPR) is 16.31%.

Air Lease Profile

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.