Air Lease Co. (NYSE:AL) Shares Bought by M&T Bank Corp

M&T Bank Corp raised its stake in Air Lease Co. (NYSE:ALFree Report) by 4.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,981 shares of the transportation company’s stock after acquiring an additional 372 shares during the quarter. M&T Bank Corp’s holdings in Air Lease were worth $315,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AL. Bank of Montreal Can raised its holdings in Air Lease by 140.6% in the 1st quarter. Bank of Montreal Can now owns 126,761 shares of the transportation company’s stock valued at $5,642,000 after acquiring an additional 74,067 shares during the last quarter. MetLife Investment Management LLC acquired a new position in Air Lease in the 1st quarter valued at $96,000. BlackRock Inc. raised its holdings in Air Lease by 1.6% in the 1st quarter. BlackRock Inc. now owns 5,763,177 shares of the transportation company’s stock valued at $257,324,000 after acquiring an additional 90,225 shares during the last quarter. Great West Life Assurance Co. Can increased its position in Air Lease by 7.3% during the first quarter. Great West Life Assurance Co. Can now owns 7,825 shares of the transportation company’s stock worth $368,000 after purchasing an additional 535 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Air Lease by 7.3% during the first quarter. Sei Investments Co. now owns 96,738 shares of the transportation company’s stock worth $4,324,000 after purchasing an additional 6,568 shares during the period. 88.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays upped their price objective on Air Lease from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. StockNews.com lowered Air Lease from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Finally, BMO Capital Markets assumed coverage on Air Lease in a report on Wednesday, January 10th. They set an “outperform” rating and a $54.00 target price for the company. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.17.

View Our Latest Analysis on AL

Air Lease Price Performance

Air Lease stock opened at $43.14 on Wednesday. Air Lease Co. has a 52-week low of $33.33 and a 52-week high of $46.20. The firm has a fifty day moving average of $40.40 and a 200-day moving average of $39.55. The firm has a market capitalization of $4.79 billion, a P/E ratio of 9.65, a PEG ratio of 0.91 and a beta of 1.70. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.68.

Air Lease (NYSE:ALGet Free Report) last released its quarterly earnings data on Monday, November 6th. The transportation company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.02. Air Lease had a net margin of 20.97% and a return on equity of 7.92%. The company had revenue of $659.36 million during the quarter, compared to analyst estimates of $659.17 million. As a group, analysts predict that Air Lease Co. will post 4.36 EPS for the current year.

Air Lease Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Friday, December 15th were paid a dividend of $0.21 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.95%. This is a positive change from Air Lease’s previous quarterly dividend of $0.20. Air Lease’s dividend payout ratio (DPR) is currently 18.79%.

Air Lease Company Profile

(Free Report)

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 fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. In addition, the company provides fleet management services to investors and owners of aircraft portfolios.

Featured Articles

Want to see what other hedge funds are holding AL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Lease Co. (NYSE:ALFree Report).

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

Receive News & Ratings for Air Lease Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Lease and related companies with MarketBeat.com's FREE daily email newsletter.