Air Lease Corporation $AL Position Boosted by Waverton Investment Management Ltd

Waverton Investment Management Ltd raised its holdings in shares of Air Lease Corporation (NYSE:AL) by 5.2% during the 3rd quarter, Holdings Channel reports. The fund owned 426,769 shares of the transportation company’s stock after purchasing an additional 21,000 shares during the period. Waverton Investment Management Ltd’s holdings in Air Lease were worth $27,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Air Lease by 21.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,569 shares of the transportation company’s stock worth $2,443,000 after purchasing an additional 9,056 shares in the last quarter. Millennium Management LLC lifted its holdings in Air Lease by 1,675.1% in the first quarter. Millennium Management LLC now owns 204,000 shares of the transportation company’s stock worth $9,855,000 after purchasing an additional 192,508 shares during the period. Jones Financial Companies Lllp grew its position in Air Lease by 493.5% in the 1st quarter. Jones Financial Companies Lllp now owns 8,884 shares of the transportation company’s stock valued at $429,000 after buying an additional 7,387 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Air Lease by 5.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 326,717 shares of the transportation company’s stock valued at $15,784,000 after buying an additional 15,629 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Air Lease by 16.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 298,275 shares of the transportation company’s stock worth $14,410,000 after buying an additional 41,912 shares in the last quarter. Institutional investors and hedge funds own 94.59% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Barclays reiterated an “equal weight” rating and issued a $65.00 price objective (down from $68.00) on shares of Air Lease in a report on Tuesday, January 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Air Lease in a research note on Wednesday, January 21st. Finally, Zacks Research upgraded Air Lease from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Air Lease currently has an average rating of “Hold” and a consensus target price of $59.60.

Insiders Place Their Bets

In other Air Lease news, CEO John L. Plueger sold 155,821 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $64.03, for a total transaction of $9,977,218.63. Following the sale, the chief executive officer directly owned 725,941 shares of the company’s stock, valued at $46,482,002.23. The trade was a 17.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven F. Udvar-Hazy sold 64,000 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $64.02, for a total value of $4,097,280.00. Following the completion of the sale, the director owned 74,000 shares of the company’s stock, valued at $4,737,480. The trade was a 46.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 595,958 shares of company stock worth $38,158,193. Corporate insiders own 6.80% of the company’s stock.

Air Lease Trading Down 0.1%

Shares of AL opened at $64.87 on Monday. The business’s 50-day moving average price is $64.47 and its 200 day moving average price is $63.59. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 2.33. The stock has a market capitalization of $7.27 billion, a P/E ratio of 6.97, a P/E/G ratio of 0.54 and a beta of 1.11. Air Lease Corporation has a 1-year low of $38.25 and a 1-year high of $64.96.

Air Lease (NYSE:AL) last announced its earnings results on Thursday, February 12th. The transportation company reported $2.20 EPS for the quarter, topping the consensus estimate of $1.46 by $0.74. The company had revenue of $679.54 million during the quarter, compared to analysts’ expectations of $782.67 million. Air Lease had a net margin of 35.72% and a return on equity of 8.54%. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period last year, the company posted $0.83 earnings per share. Analysts expect that Air Lease Corporation will post 5.16 earnings per share for the current year.

Air Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 7th. Investors of record on Monday, March 2nd will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 1.4%. Air Lease’s dividend payout ratio (DPR) is currently 9.45%.

About Air Lease

Air Lease Corporation (NYSE: AL) is a leading aircraft leasing company that acquires commercial jet aircraft and leases them to airlines worldwide. The firm’s core business activities include direct aircraft acquisition, lease management and portfolio remarketing. By structuring sale‐and‐leaseback transactions, operating leases and secured loans, Air Lease provides flexible financing solutions that enable carriers to modernize their fleets without committing large amounts of capital to ownership.

Founded in 2010 and headquartered in Los Angeles, Air Lease Corporation serves a diverse customer base spanning North America, Europe, Asia, Latin America and the Middle East.