Dimensional Fund Advisors LP Has $319.67 Million Position in Air Lease Co. (NYSE:AL)

Dimensional Fund Advisors LP trimmed its position in Air Lease Co. (NYSE:AL) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,725,474 shares of the transportation company’s stock after selling 20,384 shares during the quarter. Dimensional Fund Advisors LP owned 6.04% of Air Lease worth $319,666,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AL. GSA Capital Partners LLP increased its position in shares of Air Lease by 1.2% in the first quarter. GSA Capital Partners LLP now owns 18,776 shares of the transportation company’s stock worth $966,000 after purchasing an additional 217 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in Air Lease by 1.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 21,757 shares of the transportation company’s stock valued at $1,119,000 after buying an additional 291 shares during the period. Neo Ivy Capital Management raised its position in shares of Air Lease by 32.4% in the 4th quarter. Neo Ivy Capital Management now owns 1,350 shares of the transportation company’s stock valued at $57,000 after buying an additional 330 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Air Lease by 6.6% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 6,492 shares of the transportation company’s stock worth $272,000 after acquiring an additional 404 shares during the period. Finally, Bank of Nova Scotia boosted its position in shares of Air Lease by 1.6% during the 4th quarter. Bank of Nova Scotia now owns 26,856 shares of the transportation company’s stock worth $1,126,000 after acquiring an additional 414 shares in the last quarter. Institutional investors own 94.59% of the company’s stock.

Air Lease Trading Up 0.8 %

Shares of AL stock opened at $44.00 on Tuesday. Air Lease Co. has a twelve month low of $33.33 and a twelve month high of $52.31. The stock’s fifty day simple moving average is $45.59 and its 200 day simple moving average is $47.08. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 2.69. The firm has a market capitalization of $4.90 billion, a P/E ratio of 8.87, a P/E/G ratio of 0.91 and a beta of 1.59.

Air Lease (NYSE:AL) last released its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.41). The firm had revenue of $667.29 million for the quarter, compared to the consensus estimate of $687.93 million. Air Lease had a return on equity of 8.97% and a net margin of 20.85%. As a group, sell-side analysts predict that Air Lease Co. will post 6.68 EPS for the current fiscal year.

Air Lease Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Friday, September 6th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Friday, September 6th. Air Lease’s payout ratio is currently 16.94%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. TD Cowen started coverage on Air Lease in a research note on Monday, July 29th. They set a “buy” rating and a $58.00 target price for the company. JPMorgan Chase & Co. reduced their price objective on Air Lease from $54.00 to $52.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Finally, Barclays lowered their target price on Air Lease from $55.00 to $54.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $54.75.

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.