Air Lease Co. (NYSE:AL) Holdings Decreased by Calamos Advisors LLC

Calamos Advisors LLC trimmed its holdings in shares of Air Lease Co. (NYSE:AL) by 16.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 192,000 shares of the transportation company’s stock after selling 36,500 shares during the period. Calamos Advisors LLC owned approximately 0.17% of Air Lease worth $8,052,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of AL. Bank of Montreal Can grew its holdings in shares of Air Lease by 140.6% during the 1st quarter. Bank of Montreal Can now owns 126,761 shares of the transportation company’s stock valued at $5,642,000 after acquiring an additional 74,067 shares in the last quarter. MetLife Investment Management LLC purchased a new position in Air Lease in the first quarter valued at about $96,000. BlackRock Inc. increased its position in Air Lease by 1.6% in the 1st quarter. BlackRock Inc. now owns 5,763,177 shares of the transportation company’s stock worth $257,324,000 after purchasing an additional 90,225 shares during the last quarter. Great West Life Assurance Co. Can increased its position in Air Lease by 7.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 7,825 shares of the transportation company’s stock worth $368,000 after purchasing an additional 535 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Air Lease by 7.3% during the 1st quarter. Sei Investments Co. now owns 96,738 shares of the transportation company’s stock valued at $4,324,000 after buying an additional 6,568 shares during the last quarter. 94.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on AL. Barclays increased their price objective on Air Lease from $48.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. StockNews.com lowered shares of Air Lease from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Finally, BMO Capital Markets lifted their price objective on shares of Air Lease from $54.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $53.25.

Insider Activity at Air Lease

In other Air Lease news, EVP Carol Hyland Forsyte sold 3,046 shares of Air Lease stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $40.02, for a total value of $121,900.92. Following the transaction, the executive vice president now directly owns 72,073 shares of the company’s stock, valued at approximately $2,884,361.46. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO John L. Plueger sold 28,515 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $40.06, for a total value of $1,142,310.90. Following the completion of the sale, the chief executive officer now owns 808,842 shares in the company, valued at $32,402,210.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Carol Hyland Forsyte sold 3,046 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $40.02, for a total value of $121,900.92. Following the transaction, the executive vice president now owns 72,073 shares in the company, valued at $2,884,361.46. The disclosure for this sale can be found here. Insiders sold a total of 89,646 shares of company stock worth $3,705,152 in the last 90 days. 6.64% of the stock is owned by company insiders.

Air Lease Trading Up 0.6 %

Shares of AL stock opened at $49.03 on Friday. Air Lease Co. has a 12 month low of $33.33 and a 12 month high of $51.77. The company has a market cap of $5.46 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 0.67 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. The business’s 50 day moving average is $45.73 and its two-hundred day moving average is $41.36.

Air Lease (NYSE:AL) last posted its 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. The business had revenue of $716.57 million for the quarter, compared to analyst estimates of $672.95 million. Air Lease had a net margin of 22.89% and a return on equity of 8.87%. Air Lease’s revenue was up 19.1% compared to the same quarter last year. During the same period last year, the business posted $1.21 EPS. Equities analysts predict that Air Lease Co. will post 5.64 EPS for the current year.

Air Lease Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 15th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.71%. Air Lease’s dividend payout ratio is presently 16.31%.

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.