Air Lease Co. (NYSE:AL) Shares Sold by Cohen Klingenstein LLC

Cohen Klingenstein LLC decreased its stake in Air Lease Co. (NYSE:AL) by 14.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,500 shares of the transportation company’s stock after selling 6,000 shares during the quarter. Cohen Klingenstein LLC’s holdings in Air Lease were worth $1,711,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Eastern Bank acquired a new position in shares of Air Lease during the 3rd quarter worth approximately $27,000. Altshuler Shaham Ltd acquired a new position in Air Lease during the second quarter worth about $29,000. Wilmington Savings Fund Society FSB purchased a new stake in Air Lease during the 3rd quarter valued at about $31,000. GAMMA Investing LLC raised its holdings in 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 acquiring an additional 667 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Air Lease by 20.0% during the 3rd quarter. KBC Group NV now owns 3,345 shares of the transportation company’s stock worth $151,000 after purchasing an additional 557 shares during the last quarter. 94.59% of the stock is owned by institutional investors and hedge funds.

Air Lease Trading Up 1.4 %

NYSE AL opened at $46.71 on Friday. Air Lease Co. has a 52 week low of $39.35 and a 52 week high of $52.31. The firm has a 50 day moving average of $48.81 and a two-hundred day moving average of $46.50. The stock has a market capitalization of $5.20 billion, a PE ratio of 10.64, a price-to-earnings-growth ratio of 0.97 and a beta of 1.61. 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th were paid a $0.22 dividend. This is a positive change from Air Lease’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Thursday, December 12th. Air Lease’s dividend payout ratio is currently 20.05%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AL. JPMorgan Chase & Co. lifted their target price on shares of Air Lease from $52.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Air Lease in a research note on Thursday, November 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $57.60.

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.