Factorial Partners LLC Acquires 4,300 Shares of Air Lease Co. (NYSE:AL)

Factorial Partners LLC boosted its holdings in shares of Air Lease Co. (NYSE:AL) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,000 shares of the transportation company’s stock after purchasing an additional 4,300 shares during the quarter. Air Lease comprises about 2.3% of Factorial Partners LLC’s investment portfolio, making the stock its 14th largest position. Factorial Partners LLC’s holdings in Air Lease were worth $4,050,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its stake in shares of Air Lease by 43.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,800,723 shares of the transportation company’s stock valued at $134,332,000 after purchasing an additional 842,780 shares during the last quarter. Loomis Sayles & Co. L P purchased a new position in Air Lease during the third quarter worth $18,289,000. Highland Peak Capital LLC purchased a new position in Air Lease during the third quarter worth $7,066,000. Bank of New York Mellon Corp increased its position in Air Lease by 14.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,022,459 shares of the transportation company’s stock valued at $49,293,000 after acquiring an additional 131,453 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Air Lease by 109.0% in the third quarter. Harbor Capital Advisors Inc. now owns 161,127 shares of the transportation company’s stock valued at $7,297,000 after acquiring an additional 84,016 shares during the period. Institutional investors own 94.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $65.00 price target on shares of Air Lease in a research note on Thursday, November 21st. JPMorgan Chase & Co. upped their target price on Air Lease from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $58.50.

Air Lease Stock Up 1.0 %

Shares of AL opened at $47.97 on Friday. The firm has a market capitalization of $5.34 billion, a P/E ratio of 14.41, a P/E/G ratio of 1.33 and a beta of 1.59. Air Lease Co. has a 12-month low of $39.40 and a 12-month high of $52.31. The firm has a fifty day moving average price of $47.36 and a 200-day moving average price of $46.54. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 2.68.

Air Lease (NYSE:AL) last released its quarterly earnings data on Thursday, February 13th. The transportation company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.44. Air Lease had a net margin of 15.65% and a return on equity of 8.01%. Equities research analysts expect that Air Lease Co. will post 5.16 earnings per share for the current year.

Air Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.88 annualized dividend and a yield of 1.83%. Air Lease’s payout ratio is currently 26.43%.

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.