Avantax Advisory Services Inc. Purchases 1,530 Shares of Air Lease Co. (NYSE:AL)

Avantax Advisory Services Inc. grew its position in shares of Air Lease Co. (NYSE:AL) by 7.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,379 shares of the transportation company’s stock after buying an additional 1,530 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Air Lease were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in shares of Air Lease during the 4th quarter valued at $31,000. Wilmington Savings Fund Society FSB bought a new position in shares of Air Lease during the 3rd quarter valued at $31,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Air Lease by 1,506.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,189 shares of the transportation company’s stock valued at $57,000 after buying an additional 1,115 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Air Lease by 679.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,497 shares of the transportation company’s stock valued at $72,000 after buying an additional 1,305 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in Air Lease by 2,018.9% in the 4th quarter. Venturi Wealth Management LLC now owns 2,246 shares of the transportation company’s stock worth $108,000 after purchasing an additional 2,140 shares during the period. 94.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AL shares. UBS Group set a $50.00 target price on Air Lease in a report on Friday, March 7th. Bank of America cut Air Lease from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $72.00 to $50.00 in a report on Friday, March 7th. JPMorgan Chase & Co. raised their target price on Air Lease from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $65.00 target price on shares of Air Lease in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.67.

Air Lease Trading Up 2.0 %

Shares of AL stock opened at $47.48 on Thursday. Air Lease Co. has a 52-week low of $39.43 and a 52-week high of $52.31. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a market capitalization of $5.29 billion, a PE ratio of 14.26, a PEG ratio of 1.33 and a beta of 1.60. The stock has a fifty day simple moving average of $46.64 and a two-hundred day simple moving average of $46.63.

Air Lease (NYSE:AL) last issued its quarterly earnings results on Thursday, February 13th. The transportation company reported $1.26 earnings per share (EPS) for the quarter, topping 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, analysts predict that Air Lease Co. will post 5.16 EPS for the current fiscal year.

Air Lease Dividend Announcement

The company 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 is Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.85%. Air Lease’s payout ratio is 26.43%.

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.