Osborne Partners Capital Management LLC Has $4.72 Million Stock Position in Air Lease Corporation $AL

Osborne Partners Capital Management LLC lessened its holdings in Air Lease Corporation (NYSE:AL) by 42.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,185 shares of the transportation company’s stock after selling 55,286 shares during the period. Osborne Partners Capital Management LLC’s holdings in Air Lease were worth $4,722,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Air Lease by 23.0% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 22,968 shares of the transportation company’s stock worth $1,462,000 after purchasing an additional 4,302 shares in the last quarter. NorthCrest Asset Manangement LLC purchased a new position in shares of Air Lease during the third quarter valued at approximately $430,000. Wealth Enhancement Advisory Services LLC grew its holdings in Air Lease by 124.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 35,369 shares of the transportation company’s stock worth $2,252,000 after buying an additional 19,606 shares in the last quarter. Amalgamated Bank raised its position in Air Lease by 2.1% in the 3rd quarter. Amalgamated Bank now owns 32,063 shares of the transportation company’s stock valued at $2,041,000 after buying an additional 664 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in Air Lease by 9.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 82,313 shares of the transportation company’s stock valued at $5,239,000 after acquiring an additional 7,218 shares in the last quarter. Institutional investors own 94.59% of the company’s stock.

Analysts Set New Price Targets

AL has been the subject of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Air Lease in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Air Lease from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $65.00 price objective (down from $68.00) on shares of Air Lease in a research report on Tuesday, January 6th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $59.17.

Insider Buying and Selling

In related news, EVP Grant A. Levy sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $64.30, for a total value of $64,300.00. Following the transaction, the executive vice president owned 137,206 shares in the company, valued at approximately $8,822,345.80. This represents a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kishore Korde sold 20,662 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $64.10, for a total value of $1,324,434.20. Following the transaction, the executive vice president directly owned 50,091 shares of the company’s stock, valued at approximately $3,210,833.10. This trade represents a 29.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 760,593 shares of company stock valued at $48,668,588. 6.80% of the stock is owned by company insiders.

Air Lease Trading Up 0.1%

NYSE AL opened at $64.36 on Wednesday. The business’s fifty day moving average is $64.08 and its 200-day moving average is $62.11. The company has a debt-to-equity ratio of 2.42, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 7.46, a PEG ratio of 0.56 and a beta of 1.15. Air Lease Corporation has a one year low of $38.25 and a one year high of $64.40.

Air Lease (NYSE:AL) last posted its quarterly earnings results on Monday, November 3rd. The transportation company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.13. The company had revenue of $725.39 million during the quarter, compared to analyst estimates of $744.59 million. Air Lease had a net margin of 35.08% and a return on equity of 7.84%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.82 earnings per share. Equities research analysts predict that Air Lease Corporation will post 5.16 EPS for the current year.

Air Lease Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Thursday, December 4th were paid a dividend of $0.22 per share. The ex-dividend date was Thursday, December 4th. This represents a $0.88 annualized dividend and a dividend yield of 1.4%. Air Lease’s dividend payout ratio (DPR) is presently 10.20%.

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.