New Age Alpha Advisors LLC Makes New $686,000 Investment in Air Lease Co. (NYSE:AL)

New Age Alpha Advisors LLC purchased a new stake in Air Lease Co. (NYSE:AL) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 14,234 shares of the transportation company’s stock, valued at approximately $686,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AL. Wilmington Savings Fund Society FSB bought a new stake in Air Lease in the third quarter valued at about $31,000. SBI Securities Co. Ltd. bought a new stake in shares of Air Lease in the 4th quarter valued at about $31,000. Steward Partners Investment Advisory LLC raised its position in shares of Air Lease by 1,506.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,189 shares of the transportation company’s stock valued at $57,000 after acquiring an additional 1,115 shares during the period. Jones Financial Companies Lllp boosted its stake in Air Lease by 679.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,497 shares of the transportation company’s stock worth $72,000 after acquiring an additional 1,305 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Air Lease by 2,018.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,246 shares of the transportation company’s stock valued at $108,000 after purchasing an additional 2,140 shares during the period. 94.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AL shares. JPMorgan Chase & Co. lifted their price target on shares of Air Lease from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. UBS Group set a $50.00 target price on Air Lease in a research note on Friday, March 7th. Finally, Bank of America downgraded Air Lease from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $72.00 to $50.00 in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.67.

Air Lease Trading Up 0.3 %

AL opened at $48.36 on Tuesday. The stock has a market capitalization of $5.40 billion, a P/E ratio of 14.52, a P/E/G ratio of 1.33 and a beta of 1.60. 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 Co. has a 12 month low of $39.43 and a 12 month high of $52.31. The firm’s fifty day simple moving average is $46.99 and its 200 day simple moving average is $46.94.

Air Lease (NYSE:AL) last issued its quarterly earnings results on Thursday, February 13th. The transportation company reported $1.26 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%. As a group, research analysts anticipate that Air Lease Co. will post 5.16 EPS for the current fiscal year.

Air Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Tuesday, March 18th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.82%. Air Lease’s dividend payout ratio (DPR) is presently 26.43%.

About Air Lease

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.