Air Lease Co. (NYSE:AL) Position Increased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB grew its position in Air Lease Co. (NYSE:AL) by 1,980.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,292 shares of the transportation company’s stock after buying an additional 13,605 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Air Lease were worth $689,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Creative Planning raised its position in Air Lease by 23.6% during the second quarter. Creative Planning now owns 8,885 shares of the transportation company’s stock valued at $422,000 after buying an additional 1,698 shares during the period. GAMMA Investing LLC increased its holdings in shares of Air Lease by 55.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,868 shares of the transportation company’s stock valued at $85,000 after purchasing an additional 667 shares during the period. Raymond James & Associates lifted its position in shares of Air Lease by 12.4% in the third quarter. Raymond James & Associates now owns 459,018 shares of the transportation company’s stock worth $20,789,000 after purchasing an additional 50,675 shares in the last quarter. Everence Capital Management Inc. boosted its holdings in shares of Air Lease by 174.1% during the third quarter. Everence Capital Management Inc. now owns 14,200 shares of the transportation company’s stock worth $643,000 after purchasing an additional 9,020 shares during the period. Finally, Copeland Capital Management LLC grew its position in Air Lease by 0.7% during the third quarter. Copeland Capital Management LLC now owns 1,830,994 shares of the transportation company’s stock valued at $82,926,000 after purchasing an additional 12,441 shares in the last quarter. 94.59% of the stock is owned by hedge funds and other institutional investors.

Air Lease Trading Down 0.2 %

Air Lease stock opened at $45.95 on Tuesday. Air Lease Co. has a one year low of $39.35 and a one year high of $52.31. The company’s fifty day moving average price is $47.71 and its two-hundred day moving average price is $46.28. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 1.00 and a beta of 1.59.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $65.00 target price on shares of Air Lease in a research note on Thursday, November 21st. JPMorgan Chase & Co. upped 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. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Air Lease presently has a consensus rating of “Moderate Buy” and an average price target of $57.60.

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.