Air Lease Co. (NYSE:AL) Shares Sold by Cwm LLC

Cwm LLC lowered its stake in Air Lease Co. (NYSE:AL) by 20.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,487 shares of the transportation company’s stock after selling 624 shares during the period. Cwm LLC’s holdings in Air Lease were worth $113,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Air Lease by 23.6% in the first quarter. Vanguard Group Inc. now owns 12,578,106 shares of the transportation company’s stock valued at $647,018,000 after buying an additional 2,404,649 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Air Lease by 5.0% in the second quarter. American Century Companies Inc. now owns 2,433,676 shares of the transportation company’s stock worth $115,673,000 after acquiring an additional 115,293 shares during the period. Earnest Partners LLC raised its holdings in shares of Air Lease by 7.4% during the second quarter. Earnest Partners LLC now owns 2,269,280 shares of the transportation company’s stock worth $107,859,000 after purchasing an additional 155,665 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Air Lease by 5.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,119,561 shares of the transportation company’s stock valued at $100,743,000 after purchasing an additional 101,568 shares during the period. Finally, Reinhart Partners LLC. boosted its holdings in Air Lease by 1.0% in the second quarter. Reinhart Partners LLC. now owns 1,445,001 shares of the transportation company’s stock valued at $68,681,000 after purchasing an additional 13,801 shares during the last quarter. 94.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AL. TD Cowen assumed coverage on Air Lease in a research note on Monday, July 29th. They set a “buy” rating and a $58.00 price objective for the company. Barclays reduced their price target on Air Lease from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on Air Lease from $54.00 to $52.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $54.75.

Air Lease Price Performance

NYSE:AL opened at $44.59 on Friday. The stock has a market capitalization of $4.97 billion, a PE ratio of 8.99, a price-to-earnings-growth ratio of 1.29 and a beta of 1.59. Air Lease Co. has a 52 week low of $33.33 and a 52 week high of $52.31. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 2.69. The stock’s 50-day moving average price is $44.37 and its 200-day moving average price is $46.52.

Air Lease (NYSE:AL) last posted its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.41). Air Lease had a net margin of 20.85% and a return on equity of 8.97%. The business had revenue of $667.29 million during the quarter, compared to analysts’ expectations of $687.93 million. As a group, equities analysts expect that Air Lease Co. will post 4.83 EPS for the current fiscal year.

Air Lease Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Friday, September 6th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.84 annualized dividend and a dividend yield of 1.88%. Air Lease’s dividend payout ratio (DPR) is 16.94%.

Air Lease Company 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.