IFP Advisors Inc Has $424,000 Stake in Air Lease Co. (NYSE:AL)

IFP Advisors Inc trimmed its stake in shares of Air Lease Co. (NYSE:AL) by 43.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,625 shares of the transportation company’s stock after selling 6,626 shares during the period. IFP Advisors Inc’s holdings in Air Lease were worth $424,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its position in shares of Air Lease by 1,123.0% in the 4th quarter. Principal Financial Group Inc. now owns 96,113 shares of the transportation company’s stock valued at $4,270,000 after acquiring an additional 88,254 shares during the period. Cambiar Investors LLC increased its position in Air Lease by 28.5% during the 4th quarter. Cambiar Investors LLC now owns 105,050 shares of the transportation company’s stock worth $4,666,000 after purchasing an additional 23,330 shares in the last quarter. Calamos Advisors LLC increased its position in Air Lease by 27.8% during the 1st quarter. Calamos Advisors LLC now owns 717,766 shares of the transportation company’s stock worth $35,171,000 after purchasing an additional 155,985 shares in the last quarter. Copeland Capital Management LLC increased its position in Air Lease by 469.1% during the 1st quarter. Copeland Capital Management LLC now owns 548,590 shares of the transportation company’s stock worth $26,882,000 after purchasing an additional 452,197 shares in the last quarter. Finally, BBVA USA Bancshares Inc. grew its holdings in Air Lease by 20.3% during the 4th quarter. BBVA USA Bancshares Inc. now owns 19,615 shares of the transportation company’s stock worth $871,000 after acquiring an additional 3,306 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

Shares of NYSE AL opened at $43.21 on Thursday. The company has a quick ratio of 3.14, a current ratio of 3.14 and a debt-to-equity ratio of 2.54. The company’s fifty day simple moving average is $48.01 and its 200 day simple moving average is $43.28. Air Lease Co. has a 12-month low of $19.74 and a 12-month high of $52.96. The firm has a market cap of $4.93 billion, a PE ratio of 8.87, a P/E/G ratio of 0.66 and a beta of 2.20.

Air Lease (NYSE:AL) last released its quarterly earnings data on Wednesday, May 5th. The transportation company reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.25). Air Lease had a return on equity of 9.83% and a net margin of 27.48%. The business had revenue of $474.80 million for the quarter, compared to analyst estimates of $507.04 million. During the same quarter in the previous year, the company posted $1.61 EPS. The business’s quarterly revenue was down 7.2% on a year-over-year basis. On average, equities analysts predict that Air Lease Co. will post 4.31 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 9th. Shareholders of record on Tuesday, June 8th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, June 7th. This represents a $0.64 annualized dividend and a yield of 1.48%. Air Lease’s payout ratio is 12.57%.

AL has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Air Lease from a “hold” rating to a “sell” rating and set a $46.00 price objective on the stock. in a research note on Thursday, February 11th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Air Lease from $45.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, January 25th. Finally, Cowen increased their target price on shares of Air Lease from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 26th.

About Air Lease

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of new commercial jet aircraft to airlines worldwide. The company also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, airlines, and other investors.

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

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