Sei Investments Co. Purchases 5,286 Shares of Air Lease Co. (NYSE:AL)

Sei Investments Co. raised its holdings in shares of Air Lease Co. (NYSE:AL) by 1.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 377,484 shares of the transportation company’s stock after buying an additional 5,286 shares during the period. Sei Investments Co.’s holdings in Air Lease were worth $18,199,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. State Street Corp raised its stake in Air Lease by 0.8% during the 3rd quarter. State Street Corp now owns 3,410,373 shares of the transportation company’s stock valued at $155,180,000 after purchasing an additional 25,874 shares during the period. American Century Companies Inc. grew its holdings in Air Lease by 13.7% during the 4th quarter. American Century Companies Inc. now owns 3,226,921 shares of the transportation company’s stock valued at $155,570,000 after buying an additional 389,070 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Air Lease by 43.0% during 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 buying an additional 842,780 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Air Lease by 0.4% during the third quarter. Geode Capital Management LLC now owns 1,630,317 shares of the transportation company’s stock valued at $73,858,000 after buying an additional 6,190 shares during the last quarter. Finally, Reinhart Partners LLC. lifted its holdings in shares of Air Lease by 2.7% in the fourth quarter. Reinhart Partners LLC. now owns 1,585,790 shares of the transportation company’s stock worth $76,451,000 after buying an additional 42,034 shares in the last quarter. 94.59% of the stock is currently owned by hedge funds and other institutional investors.

Air Lease Stock Performance

Air Lease stock opened at $49.13 on Friday. The company’s 50-day moving average price is $46.93 and its 200-day moving average price is $46.79. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.68. The company has a market cap of $5.49 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 1.33 and a beta of 1.60. Air Lease Co. has a twelve month low of $39.43 and a twelve month high of $52.31.

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

Air Lease Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Tuesday, March 18th will be given a $0.22 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a yield of 1.79%. Air Lease’s dividend payout ratio is presently 26.43%.

Wall Street Analyst Weigh In

AL has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Air Lease from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Bank of America lowered Air Lease from a “buy” rating to an “underperform” rating and cut their price objective for the company from $72.00 to $50.00 in a research report on Friday, March 7th. Finally, UBS Group set a $50.00 target price on Air Lease in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Air Lease has a consensus rating of “Moderate Buy” and a consensus price target of $55.67.

Air Lease 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.