Cambiar Investors LLC boosted its stake in Air Lease Corp (NYSE:AL) by 37.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 138,843 shares of the transportation company’s stock after acquiring an additional 38,131 shares during the period. Cambiar Investors LLC’s holdings in Air Lease were worth $4,769,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AL. Sageworth Trust Co purchased a new position in shares of Air Lease during the 1st quarter worth $26,000. Penserra Capital Management LLC purchased a new position in shares of Air Lease during the 4th quarter worth $27,000. First Mercantile Trust Co. lifted its stake in shares of Air Lease by 41.5% during the 4th quarter. First Mercantile Trust Co. now owns 920 shares of the transportation company’s stock worth $28,000 after purchasing an additional 270 shares during the period. SeaBridge Investment Advisors LLC purchased a new position in shares of Air Lease during the 4th quarter worth $30,000. Finally, Osborn Williams & Donohoe LLC purchased a new position in shares of Air Lease during the 1st quarter worth $38,000. 83.93% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Air Lease stock opened at $37.42 on Thursday. Air Lease Corp has a fifty-two week low of $28.13 and a fifty-two week high of $47.34. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 8.13, a price-to-earnings-growth ratio of 0.91 and a beta of 2.04. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.81 and a current ratio of 0.81.

Air Lease (NYSE:AL) last issued its quarterly earnings results on Thursday, May 9th. The transportation company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.01. The company had revenue of $466.00 million for the quarter, compared to analyst estimates of $456.91 million. Air Lease had a return on equity of 11.45% and a net margin of 30.50%. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.38 EPS. Analysts expect that Air Lease Corp will post 5.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Wednesday, June 5th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Tuesday, June 4th. Air Lease’s dividend payout ratio (DPR) is currently 11.30%.

AL has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Air Lease from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. ValuEngine lowered Air Lease from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 20th. TheStreet raised Air Lease from a “c+” rating to a “b-” rating in a research note on Wednesday, January 30th. Finally, Goldman Sachs Group initiated coverage on Air Lease in a research note on Monday, April 8th. They set a “buy” rating and a $52.00 price target on the stock. 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 stock. Air Lease has a consensus rating of “Buy” and an average target price of $55.56.

In related news, CEO John L. Plueger sold 395,806 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $38.16, for a total value of $15,103,956.96. Following the transaction, the chief executive officer now directly owns 914,145 shares of the company’s stock, valued at approximately $34,883,773.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John L. Plueger sold 50,671 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $38.59, for a total value of $1,955,393.89. Following the completion of the transaction, the chief executive officer now directly owns 914,145 shares in the company, valued at $35,276,855.55. The disclosure for this sale can be found here. Company insiders own 8.76% of the company’s stock.

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About Air Lease

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.

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

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