LRI Investments LLC Acquires 3,692 Shares of Air Lease Co. (NYSE:AL)

LRI Investments LLC increased its holdings in Air Lease Co. (NYSE:AL) by 2,028.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,874 shares of the transportation company’s stock after acquiring an additional 3,692 shares during the quarter. LRI Investments LLC’s holdings in Air Lease were worth $184,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Mather Group LLC. purchased a new position in shares of Air Lease during the 1st quarter worth approximately $31,000. GAMMA Investing LLC boosted its position in shares of Air Lease by 108.1% during the second quarter. GAMMA Investing LLC now owns 1,201 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 624 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in Air Lease by 1,341.4% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,254 shares of the transportation company’s stock worth $53,000 after purchasing an additional 1,167 shares during the period. Neo Ivy Capital Management raised its holdings in Air Lease by 32.4% in the fourth quarter. Neo Ivy Capital Management now owns 1,350 shares of the transportation company’s stock worth $57,000 after purchasing an additional 330 shares in the last quarter. Finally, Hilltop National Bank lifted its position in Air Lease by 33.8% during the second quarter. Hilltop National Bank now owns 1,775 shares of the transportation company’s stock valued at $84,000 after buying an additional 448 shares during the period. Institutional investors own 94.59% of the company’s stock.

Air Lease Stock Up 2.4 %

Shares of Air Lease stock opened at $46.07 on Friday. The company has a 50-day simple moving average of $46.49 and a two-hundred day simple moving average of $46.73. The stock has a market capitalization of $5.13 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 1.03 and a beta of 1.59. Air Lease Co. has a 52-week low of $33.33 and a 52-week high of $52.31. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.48 and a current ratio of 0.48.

Air Lease (NYSE:AL) last released its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.41). Air Lease had a net margin of 20.85% and a return on equity of 9.03%. The business had revenue of $667.29 million during the quarter, compared to the consensus estimate of $687.93 million. On average, analysts anticipate that Air Lease Co. will post 6.68 EPS for the current fiscal year.

Air Lease Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Friday, September 6th. Air Lease’s payout ratio is presently 16.94%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of Air Lease from $54.00 to $52.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Barclays decreased their target price on shares of Air Lease from $55.00 to $54.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Finally, TD Cowen initiated coverage on Air Lease in a research report on Monday, July 29th. They issued a “buy” rating and a $58.00 price target on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Air Lease currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.80.

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.