Thrivent Financial for Lutherans Has $103.37 Million Stock Position in Air Lease Co. (NYSE:AL)

Thrivent Financial for Lutherans reduced its position in Air Lease Co. (NYSE:AL) by 4.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,144,181 shares of the transportation company’s stock after selling 90,066 shares during the period. Thrivent Financial for Lutherans owned 1.93% of Air Lease worth $103,371,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AL. KBC Group NV increased its stake in shares of Air Lease by 20.0% in the 3rd quarter. KBC Group NV now owns 3,345 shares of the transportation company’s stock valued at $151,000 after buying an additional 557 shares during the period. Natixis Advisors LLC increased its stake in shares of Air Lease by 8.6% in the 3rd quarter. Natixis Advisors LLC now owns 204,577 shares of the transportation company’s stock valued at $9,266,000 after buying an additional 16,184 shares during the period. Factorial Partners LLC increased its stake in shares of Air Lease by 10.7% in the 3rd quarter. Factorial Partners LLC now owns 79,700 shares of the transportation company’s stock valued at $3,610,000 after buying an additional 7,700 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Air Lease in the 3rd quarter valued at $872,000. Finally, Highland Peak Capital LLC acquired a new stake in shares of Air Lease in the 3rd quarter valued at $7,066,000. 94.59% of the stock is owned by institutional investors and hedge funds.

Air Lease Stock Performance

AL stock opened at $46.54 on Wednesday. The business’s 50-day moving average price is $46.64 and its two-hundred day moving average price is $46.62. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 2.68. The firm has a market cap of $5.18 billion, a PE ratio of 13.98, a P/E/G ratio of 1.33 and a beta of 1.60. Air Lease Co. has a 1-year low of $39.43 and a 1-year high of $52.31.

Air Lease (NYSE:AL) last posted its earnings results on Thursday, February 13th. The transportation company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.44. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. As a group, research analysts forecast that Air Lease Co. will post 5.16 earnings per share for the current year.

Air Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.22 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.88 annualized dividend and a yield of 1.89%. Air Lease’s dividend payout ratio is presently 26.43%.

Wall Street Analysts Forecast Growth

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

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.