Air Lease Co. (NYSE:AL) Shares Purchased by Amundi

Amundi lifted its stake in Air Lease Co. (NYSE:AL) by 191.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,088 shares of the transportation company’s stock after purchasing an additional 34,853 shares during the period. Amundi’s holdings in Air Lease were worth $2,509,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AL. Arizona State Retirement System increased its holdings in Air Lease by 0.8% during the 4th quarter. Arizona State Retirement System now owns 30,708 shares of the transportation company’s stock valued at $1,480,000 after acquiring an additional 244 shares in the last quarter. Principal Securities Inc. increased its holdings in Air Lease by 11.6% during the 4th quarter. Principal Securities Inc. now owns 2,655 shares of the transportation company’s stock valued at $128,000 after acquiring an additional 276 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Air Lease by 0.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 53,625 shares of the transportation company’s stock valued at $2,429,000 after acquiring an additional 314 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in Air Lease by 0.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 43,524 shares of the transportation company’s stock valued at $2,098,000 after acquiring an additional 318 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Air Lease by 12.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,468 shares of the transportation company’s stock valued at $157,000 after acquiring an additional 389 shares in the last quarter. Institutional investors and hedge funds own 94.59% of the company’s stock.

Wall Street Analysts Forecast Growth

AL has been the subject of a number of recent research reports. UBS Group set a $50.00 price target on shares of Air Lease in a report on Friday, March 7th. The Goldman Sachs Group reiterated a “buy” rating and set a $65.00 price target on shares of Air Lease in a report on Thursday, November 21st. Bank of America downgraded shares of Air Lease from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $72.00 to $50.00 in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Air Lease from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $55.67.

Air Lease Price Performance

AL stock opened at $46.03 on Monday. The stock has a 50-day moving average price of $46.68 and a two-hundred day moving average price of $46.61. Air Lease Co. has a 12-month low of $39.43 and a 12-month high of $52.31. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 2.68. The company has a market cap of $5.13 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 1.33 and a beta of 1.60.

Air Lease (NYSE:AL) last posted its quarterly earnings results on Thursday, February 13th. The transportation company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.44. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. As a group, research analysts predict that Air Lease Co. will post 5.16 EPS for the current year.

Air Lease Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Tuesday, March 18th. Air Lease’s dividend payout ratio (DPR) is presently 26.43%.

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.