M3F Inc. Takes $19.78 Million Position in Air Lease Corporation $AL

M3F Inc. acquired a new stake in Air Lease Corporation (NYSE:ALFree Report) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 409,350 shares of the transportation company’s stock, valued at approximately $19,776,000. Air Lease accounts for 5.4% of M3F Inc.’s portfolio, making the stock its 7th biggest position.

Several other large investors also recently modified their holdings of the stock. Keeley Teton Advisors LLC grew its stake in shares of Air Lease by 12.5% in the 1st quarter. Keeley Teton Advisors LLC now owns 178,469 shares of the transportation company’s stock valued at $8,622,000 after purchasing an additional 19,840 shares during the period. MetLife Investment Management LLC grew its stake in shares of Air Lease by 18,200.7% in the 1st quarter. MetLife Investment Management LLC now owns 335,268 shares of the transportation company’s stock valued at $16,197,000 after purchasing an additional 333,436 shares during the period. SVB Wealth LLC bought a new stake in shares of Air Lease in the 1st quarter valued at approximately $52,000. Valueworks LLC grew its stake in shares of Air Lease by 1.0% in the 1st quarter. Valueworks LLC now owns 199,508 shares of the transportation company’s stock valued at $9,638,000 after purchasing an additional 1,895 shares during the period. Finally, Resolute Capital Asset Partners LLC bought a new stake in shares of Air Lease in the 1st quarter valued at approximately $3,661,000. 94.59% of the stock is currently owned by institutional investors.

Air Lease Stock Up 0.2%

NYSE:AL opened at $60.56 on Thursday. The stock’s fifty day moving average price is $57.69 and its two-hundred day moving average price is $52.38. Air Lease Corporation has a 52-week low of $38.25 and a 52-week high of $61.10. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 7.35, a P/E/G ratio of 0.62 and a beta of 1.41.

Air Lease (NYSE:ALGet Free Report) last posted its quarterly earnings data on Monday, August 4th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.07. Air Lease had a return on equity of 7.99% and a net margin of 34.04%.The firm had revenue of $731.70 million for the quarter, compared to the consensus estimate of $723.35 million. During the same quarter in the prior year, the business earned $1.23 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, analysts anticipate that Air Lease Corporation will post 5.16 EPS for the current year.

Air Lease Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 3rd will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.88 annualized dividend and a yield of 1.5%. Air Lease’s dividend payout ratio is currently 10.68%.

Wall Street Analysts Forecast Growth

AL has been the topic of several analyst reports. Barclays reiterated an “overweight” rating and issued a $67.00 price objective (up from $56.00) on shares of Air Lease in a research note on Thursday, July 10th. Wall Street Zen raised Air Lease from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th. Finally, Citigroup raised Air Lease from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $45.00 to $68.00 in a report on Tuesday, May 20th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $59.50.

Get Our Latest Analysis on Air Lease

Insider Transactions at Air Lease

In other Air Lease news, EVP David Beker sold 2,000 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $55.44, for a total transaction of $110,880.00. Following the transaction, the executive vice president owned 19,770 shares of the company’s stock, valued at approximately $1,096,048.80. This represents a 9.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.64% of the company’s stock.

About Air Lease

(Free Report)

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.

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

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