Amalgamated Bank grew its holdings in shares of Air Lease Corp (NYSE:AL) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,355 shares of the transportation company’s stock after purchasing an additional 458 shares during the period. Amalgamated Bank’s holdings in Air Lease were worth $555,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Penserra Capital Management LLC bought a new stake in Air Lease during the fourth quarter worth approximately $27,000. First Mercantile Trust Co. grew its position in Air Lease by 41.5% in the fourth quarter. First Mercantile Trust Co. now owns 920 shares of the transportation company’s stock worth $28,000 after buying an additional 270 shares during the last quarter. SeaBridge Investment Advisors LLC bought a new position in shares of Air Lease in the fourth quarter valued at $30,000. First Interstate Bank bought a new position in shares of Air Lease in the fourth quarter valued at $36,000. Finally, Berman Capital Advisors LLC acquired a new stake in shares of Air Lease during the 4th quarter valued at $60,000. Institutional investors own 85.15% of the company’s stock.

NYSE:AL opened at $35.60 on Wednesday. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 7.74, a price-to-earnings-growth ratio of 0.88 and a beta of 2.02. Air Lease Corp has a fifty-two week low of $28.13 and a fifty-two week high of $47.34. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.85 and a current ratio of 0.85.

Air Lease (NYSE:AL) last posted its quarterly earnings results on Thursday, February 21st. The transportation company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.01. The business had revenue of $449.98 million during the quarter, compared to analyst estimates of $457.55 million. Air Lease had a net margin of 30.41% and a return on equity of 11.45%. As a group, equities analysts forecast that Air Lease Corp will post 5.62 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Wednesday, March 20th will be paid a $0.13 dividend. The ex-dividend date is Tuesday, March 19th. This represents a $0.52 annualized dividend and a yield of 1.46%. Air Lease’s dividend payout ratio is presently 11.30%.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Air Lease from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Friday, December 14th. ValuEngine lowered shares of Air Lease from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 20th. Barclays set a $50.00 price objective on shares of Air Lease and gave the stock a “buy” rating in a research report on Friday, December 14th. Finally, TheStreet downgraded shares of Air Lease from a “b-” rating to a “c+” rating in a research note on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Air Lease currently has a consensus rating of “Buy” and a consensus target price of $55.56.

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Air Lease Profile

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet transport aircraft to airlines worldwide. The company also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, and airlines.

Further Reading: Are sell-side analysts objective?

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

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