Barton Investment Management Has $32.64 Million Position in Air Lease Co. (NYSE:AL)

Barton Investment Management lessened its stake in Air Lease Co. (NYSE:AL) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 677,123 shares of the transportation company’s stock after selling 8,545 shares during the quarter. Air Lease comprises approximately 3.5% of Barton Investment Management’s investment portfolio, making the stock its 7th biggest holding. Barton Investment Management owned approximately 0.61% of Air Lease worth $32,644,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AL. Eastern Bank acquired a new stake in Air Lease in the third quarter worth about $27,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Air Lease during the 3rd quarter worth approximately $31,000. GAMMA Investing LLC raised its stake in shares of Air Lease by 55.5% during the third quarter. GAMMA Investing LLC now owns 1,868 shares of the transportation company’s stock worth $85,000 after buying an additional 667 shares during the last quarter. KBC Group NV lifted its holdings in Air Lease by 20.0% in the third quarter. KBC Group NV now owns 3,345 shares of the transportation company’s stock valued at $151,000 after buying an additional 557 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in Air Lease by 12.6% in the third quarter. BNP Paribas Financial Markets now owns 3,468 shares of the transportation company’s stock valued at $157,000 after buying an additional 389 shares during the period. 94.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AL shares. JPMorgan Chase & Co. boosted their target price on Air Lease from $52.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group restated a “buy” rating and set a $65.00 price objective on shares of Air Lease in a report on Thursday, November 21st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Air Lease currently has a consensus rating of “Moderate Buy” and an average price target of $57.60.

Air Lease Stock Up 1.1 %

Air Lease stock opened at $45.51 on Thursday. The company has a market capitalization of $5.07 billion, a PE ratio of 10.37, a PEG ratio of 1.00 and a beta of 1.59. Air Lease Co. has a 12-month low of $39.35 and a 12-month high of $52.31. The firm’s fifty day moving average is $47.99 and its 200 day moving average is $46.34. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 2.63.

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.