Stanley Laman Group Ltd. Purchases 3,860 Shares of Air Lease Co. (NYSE:AL)

Stanley Laman Group Ltd. lifted its position in Air Lease Co. (NYSE:AL) by 4.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,109 shares of the transportation company’s stock after acquiring an additional 3,860 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Air Lease were worth $4,081,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Eastern Bank bought a new stake in shares of Air Lease during the 3rd quarter worth approximately $27,000. Sequoia Financial Advisors LLC increased its stake in Air Lease by 1.8% in the third quarter. Sequoia Financial Advisors LLC now owns 60,691 shares of the transportation company’s stock worth $2,749,000 after purchasing an additional 1,044 shares during the period. Jade Capital Advisors LLC bought a new stake in shares of Air Lease during the third quarter worth $1,132,000. Copeland Capital Management LLC lifted its position in shares of Air Lease by 0.7% during the third quarter. Copeland Capital Management LLC now owns 1,830,994 shares of the transportation company’s stock worth $82,926,000 after purchasing an additional 12,441 shares during the last quarter. Finally, Everence Capital Management Inc. boosted its stake in shares of Air Lease by 174.1% during the third quarter. Everence Capital Management Inc. now owns 14,200 shares of the transportation company’s stock valued at $643,000 after purchasing an additional 9,020 shares during the period. 94.59% of the stock is owned by hedge funds and other institutional investors.

Air Lease Stock Up 0.7 %

NYSE:AL opened at $44.26 on Wednesday. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.50 and a quick ratio of 0.50. Air Lease Co. has a 1-year low of $33.33 and a 1-year high of $52.31. The company has a 50-day moving average of $44.39 and a 200 day moving average of $46.60. The firm has a market cap of $4.93 billion, a PE ratio of 8.92, a price-to-earnings-growth ratio of 1.29 and a beta of 1.59.

Air Lease (NYSE:AL) last announced its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.41). The business had revenue of $667.29 million during the quarter, compared to analysts’ expectations of $687.93 million. Air Lease had a return on equity of 8.97% and a net margin of 20.85%. As a group, research analysts anticipate that Air Lease Co. will post 4.83 EPS for the current fiscal year.

Air Lease Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Friday, September 6th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.90%. Air Lease’s dividend payout ratio is presently 16.94%.

Analyst Ratings Changes

AL has been the topic of several recent analyst reports. Barclays reduced their price target on shares of Air Lease from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. TD Cowen initiated coverage on shares of Air Lease in a research note on Monday, July 29th. They set a “buy” rating and a $58.00 price target for the company. Finally, JPMorgan Chase & Co. lowered their price target on Air Lease from $54.00 to $52.00 and set an “overweight” rating for the company in a report on Monday, August 5th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Air Lease presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.75.

About Air Lease

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.