Air Lease Corporation (NYSE:AL) Stock Holdings Decreased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS lessened its position in Air Lease Corporation (NYSE:AL) by 6.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,400 shares of the transportation company’s stock after selling 1,400 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Air Lease were worth $989,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund grew its stake in Air Lease by 0.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 56,306 shares of the transportation company’s stock valued at $2,720,000 after acquiring an additional 272 shares in the last quarter. Treasurer of the State of North Carolina grew its position in Air Lease by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 45,851 shares of the transportation company’s stock valued at $2,210,000 after purchasing an additional 280 shares in the last quarter. Squarepoint Ops LLC grew its position in Air Lease by 3.0% during the fourth quarter. Squarepoint Ops LLC now owns 9,564 shares of the transportation company’s stock valued at $461,000 after purchasing an additional 281 shares in the last quarter. MBM Wealth Consultants LLC increased its stake in Air Lease by 2.1% in the 1st quarter. MBM Wealth Consultants LLC now owns 14,131 shares of the transportation company’s stock valued at $686,000 after buying an additional 284 shares during the period. Finally, Versant Capital Management Inc lifted its position in Air Lease by 88.1% in the 1st quarter. Versant Capital Management Inc now owns 743 shares of the transportation company’s stock worth $36,000 after buying an additional 348 shares in the last quarter. Institutional investors and hedge funds own 94.59% of the company’s stock.

Air Lease Stock Down 1.2%

Air Lease stock opened at $57.38 on Tuesday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 2.53. Air Lease Corporation has a 1-year low of $38.25 and a 1-year high of $60.41. The firm’s fifty day simple moving average is $57.72 and its 200-day simple moving average is $50.78. The company has a market capitalization of $6.41 billion, a P/E ratio of 10.03, a P/E/G ratio of 0.63 and a beta of 1.35.

Air Lease (NYSE:AL) last posted its earnings results on Monday, May 5th. The transportation company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.24 by $0.27. Air Lease had a net margin of 24.77% and a return on equity of 8.04%. The firm had revenue of $738.28 million for the quarter, compared to the consensus estimate of $709.70 million. During the same period in the prior year, the business posted $0.87 earnings per share. The business’s quarterly revenue was up 11.3% on a year-over-year basis. Sell-side analysts forecast that Air Lease Corporation will post 5.16 earnings per share for the current fiscal year.

Air Lease Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 4th were issued a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.88 annualized dividend and a yield of 1.53%. Air Lease’s dividend payout ratio (DPR) is currently 15.38%.

Analyst Ratings Changes

Several research firms have recently commented on AL. Wall Street Zen upgraded shares of Air Lease from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th. Barclays reissued an “overweight” rating and set a $67.00 price objective (up previously from $56.00) on shares of Air Lease in a research report on Thursday, July 10th. Finally, Citigroup raised Air Lease from a “neutral” rating to a “buy” rating and upped their target price for the stock from $45.00 to $68.00 in a research report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.29.

Insiders Place Their Bets

In other Air Lease news, EVP Grant A. Levy sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $56.85, for a total transaction of $568,500.00. Following the transaction, the executive vice president owned 146,316 shares in the company, valued at $8,318,064.60. This trade represents a 6.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 6.80% of the company’s stock.

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.