Stanley Laman Group Ltd. Sells 4,916 Shares of Air Lease Co. (NYSE:AL)

Stanley Laman Group Ltd. trimmed its position in Air Lease Co. (NYSE:AL) by 5.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 78,500 shares of the transportation company’s stock after selling 4,916 shares during the period. Stanley Laman Group Ltd. owned 0.07% of Air Lease worth $3,292,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Invesco Ltd. raised its position in Air Lease by 0.5% during the 3rd quarter. Invesco Ltd. now owns 2,720,757 shares of the transportation company’s stock worth $107,225,000 after purchasing an additional 14,549 shares during the last quarter. Earnest Partners LLC raised its position in Air Lease by 13.5% during the 3rd quarter. Earnest Partners LLC now owns 1,825,501 shares of the transportation company’s stock worth $71,943,000 after purchasing an additional 217,170 shares during the last quarter. Copeland Capital Management LLC raised its position in Air Lease by 0.3% during the 3rd quarter. Copeland Capital Management LLC now owns 1,706,579 shares of the transportation company’s stock worth $67,256,000 after purchasing an additional 4,715 shares during the last quarter. American Century Companies Inc. raised its position in Air Lease by 15.7% during the 3rd quarter. American Century Companies Inc. now owns 1,669,291 shares of the transportation company’s stock worth $65,787,000 after purchasing an additional 226,908 shares during the last quarter. Finally, Cooke & Bieler LP raised its position in Air Lease by 10.4% during the 4th quarter. Cooke & Bieler LP now owns 1,420,054 shares of the transportation company’s stock worth $59,557,000 after purchasing an additional 133,195 shares during the last quarter. 94.59% of the stock is currently owned by institutional investors.

Air Lease Stock Up 0.3 %

AL stock traded up $0.16 during mid-day trading on Thursday, reaching $51.56. 664,497 shares of the company traded hands, compared to its average volume of 1,336,038. The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 10.01, a P/E/G ratio of 0.70 and a beta of 1.65. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 2.68. Air Lease Co. has a fifty-two week low of $33.33 and a fifty-two week high of $51.77. The firm’s 50 day moving average price is $46.25 and its 200 day moving average price is $41.63.

Air Lease (NYSE:AL) last released its quarterly earnings results on Thursday, February 15th. The transportation company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.79. Air Lease had a return on equity of 8.87% and a net margin of 22.89%. The business had revenue of $716.57 million during the quarter, compared to the consensus estimate of $672.95 million. During the same quarter in the previous year, the business earned $1.21 EPS. The company’s quarterly revenue was up 19.1% on a year-over-year basis. As a group, equities research analysts predict that Air Lease Co. will post 5.64 EPS for the current fiscal year.

Air Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 15th were paid a $0.21 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.63%. Air Lease’s payout ratio is presently 16.31%.

Insider Transactions at Air Lease

In related news, EVP Kishore Korde sold 16,593 shares of Air Lease stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $39.70, for a total value of $658,742.10. Following the sale, the executive vice president now owns 112,375 shares of the company’s stock, valued at approximately $4,461,287.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Kishore Korde sold 16,593 shares of Air Lease stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $39.70, for a total value of $658,742.10. Following the sale, the executive vice president now owns 112,375 shares of the company’s stock, valued at approximately $4,461,287.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John L. Plueger sold 28,515 shares of Air Lease stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $40.06, for a total transaction of $1,142,310.90. Following the completion of the sale, the chief executive officer now directly owns 808,842 shares in the company, valued at approximately $32,402,210.52. The disclosure for this sale can be found here. Insiders have sold 89,646 shares of company stock worth $3,705,152 in the last 90 days. Insiders own 6.64% of the company’s stock.

Analysts Set New Price Targets

AL has been the subject of several research analyst reports. BMO Capital Markets lifted their price objective on Air Lease from $54.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. Barclays lifted their price objective on Air Lease from $48.00 to $55.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Finally, StockNews.com lowered Air Lease from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Air Lease has a consensus rating of “Moderate Buy” and an average price target of $53.25.

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.