Air Lease Corporation $AL Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in Air Lease Corporation (NYSE:AL) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,591,387 shares of the transportation company’s stock after acquiring an additional 41,975 shares during the period. Dimensional Fund Advisors LP owned approximately 0.06% of Air Lease worth $419,540,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC boosted its stake in Air Lease by 2,980.0% during the 3rd quarter. True Wealth Design LLC now owns 462 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 447 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Air Lease in the 3rd quarter worth $29,000. First Horizon Corp acquired a new stake in shares of Air Lease in the third quarter valued at $31,000. Parkside Financial Bank & Trust boosted its stake in Air Lease by 273.2% during the second quarter. Parkside Financial Bank & Trust now owns 556 shares of the transportation company’s stock valued at $33,000 after buying an additional 407 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Air Lease by 129.6% during the third quarter. Nisa Investment Advisors LLC now owns 528 shares of the transportation company’s stock worth $34,000 after acquiring an additional 298 shares during the period. Institutional investors own 94.59% of the company’s stock.

Insider Activity

In other Air Lease news, EVP Kishore Korde sold 20,662 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $64.10, for a total transaction of $1,324,434.20. Following the completion of the sale, the executive vice president directly owned 50,091 shares in the company, valued at approximately $3,210,833.10. This trade represents a 29.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Steven F. Udvar-Hazy sold 48,632 shares of Air Lease stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $64.18, for a total value of $3,121,201.76. Following the transaction, the director directly owned 14,050 shares in the company, valued at approximately $901,729. This trade represents a 77.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 595,958 shares of company stock worth $38,158,193 over the last quarter. Corporate insiders own 6.64% of the company’s stock.

Air Lease Price Performance

AL stock opened at $64.71 on Thursday. Air Lease Corporation has a one year low of $38.25 and a one year high of $64.96. The firm has a 50-day moving average of $64.50 and a two-hundred day moving average of $63.70. The firm has a market capitalization of $7.25 billion, a PE ratio of 6.95, a P/E/G ratio of 0.53 and a beta of 1.11. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 2.33.

Air Lease (NYSE:AL) last released its quarterly earnings results on Thursday, February 12th. The transportation company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.74. The business had revenue of $679.54 million for the quarter, compared to analyst estimates of $782.67 million. Air Lease had a net margin of 35.72% and a return on equity of 8.54%. The firm’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 earnings per share. On average, analysts forecast that Air Lease Corporation will post 5.16 earnings per share for the current year.

Air Lease Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 7th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, March 2nd. Air Lease’s payout ratio is 9.45%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Air Lease in a report on Wednesday, January 21st. Barclays reiterated an “equal weight” rating and issued a $65.00 target price (down from $68.00) on shares of Air Lease in a report on Tuesday, January 6th. Finally, Zacks Research upgraded shares of Air Lease from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $59.60.

Air Lease Profile

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.