Air Lease Co. (NYSE:AL) Shares Sold by Lyrical Asset Management LP

Lyrical Asset Management LP reduced its stake in Air Lease Co. (NYSE:AL) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,957,735 shares of the transportation company’s stock after selling 11,953 shares during the period. Lyrical Asset Management LP owned 1.76% of Air Lease worth $94,382,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in AL. SBI Securities Co. Ltd. bought a new position in shares of Air Lease during the fourth quarter worth about $31,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Air Lease during the third quarter valued at approximately $31,000. Brown Brothers Harriman & Co. boosted its position in shares of Air Lease by 5,245.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,069 shares of the transportation company’s stock worth $52,000 after buying an additional 1,049 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Air Lease by 1,506.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,189 shares of the transportation company’s stock worth $57,000 after buying an additional 1,115 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in Air Lease by 679.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,497 shares of the transportation company’s stock worth $72,000 after buying an additional 1,305 shares in the last quarter. 94.59% of the stock is owned by institutional investors.

Air Lease Price Performance

NYSE:AL opened at $42.00 on Friday. 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 business’s 50-day moving average price is $46.93 and its 200 day moving average price is $46.99. Air Lease Co. has a 52-week low of $39.43 and a 52-week high of $52.31. The firm has a market cap of $4.69 billion, a P/E ratio of 12.61, a PEG ratio of 1.33 and a beta of 1.34.

Air Lease (NYSE:AL) last announced its quarterly earnings data on Thursday, February 13th. The transportation company reported $1.26 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts predict that Air Lease Co. will post 5.16 earnings per share for the current fiscal year.

Air Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.22 per share. 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 2.10%. Air Lease’s dividend payout ratio (DPR) is presently 26.43%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AL. Bank of America downgraded Air Lease from a “buy” rating to an “underperform” rating and cut their target price for the company from $72.00 to $50.00 in a research note on Friday, March 7th. UBS Group set a $50.00 price objective on shares of Air Lease in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of Air Lease from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.67.

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.