Air Lease Co. (NYSE:AL) Holdings Raised by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its stake in shares of Air Lease Co. (NYSE:AL) by 109.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 161,127 shares of the transportation company’s stock after purchasing an additional 84,016 shares during the period. Harbor Capital Advisors Inc.’s holdings in Air Lease were worth $7,297,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. GSA Capital Partners LLP increased its holdings in Air Lease by 1.2% in the first quarter. GSA Capital Partners LLP now owns 18,776 shares of the transportation company’s stock worth $966,000 after buying an additional 217 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Air Lease by 1.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 21,757 shares of the transportation company’s stock worth $1,119,000 after acquiring an additional 291 shares in the last quarter. CWM LLC increased its stake in shares of Air Lease by 16.5% during the 2nd quarter. CWM LLC now owns 3,111 shares of the transportation company’s stock worth $148,000 after purchasing an additional 440 shares during the last quarter. Hilltop National Bank raised its holdings in shares of Air Lease by 33.8% during the 2nd quarter. Hilltop National Bank now owns 1,775 shares of the transportation company’s stock valued at $84,000 after purchasing an additional 448 shares in the last quarter. Finally, Fulton Bank N.A. lifted its stake in shares of Air Lease by 6.6% in the 3rd quarter. Fulton Bank N.A. now owns 9,588 shares of the transportation company’s stock valued at $434,000 after purchasing an additional 597 shares during the last quarter. 94.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on AL. JPMorgan Chase & Co. lowered their target price on shares of Air Lease from $54.00 to $52.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Barclays lowered their price objective on Air Lease from $55.00 to $54.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Finally, TD Cowen started coverage on Air Lease in a report on Monday, July 29th. They issued a “buy” rating and a $58.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $54.75.

Air Lease Stock Up 0.9 %

AL stock opened at $44.76 on Friday. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of 9.58, a price-to-earnings-growth ratio of 1.35 and a beta of 1.59. The company has a 50-day moving average of $44.32 and a two-hundred day moving average of $46.37. Air Lease Co. has a 52-week low of $35.21 and a 52-week high of $52.31. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.50 and a quick ratio of 0.50.

Air Lease (NYSE:AL) last announced its earnings results on Thursday, August 1st. The transportation company reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.41). The business had revenue of $667.29 million for the quarter, compared to the consensus estimate of $687.93 million. Air Lease had a net margin of 20.85% and a return on equity of 8.97%. As a group, equities research analysts anticipate that Air Lease Co. will post 4.83 EPS for the current year.

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.