Dana Investment Advisors Inc. Has $3.79 Million Stock Position in Air Lease Co. (NYSE:AL)

Dana Investment Advisors Inc. lessened its holdings in shares of Air Lease Co. (NYSE:AL) by 11.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 78,609 shares of the transportation company’s stock after selling 10,254 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Air Lease were worth $3,790,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Air Lease by 43.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,800,723 shares of the transportation company’s stock worth $134,332,000 after acquiring an additional 842,780 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in shares of Air Lease in the 3rd quarter valued at approximately $18,289,000. Highland Peak Capital LLC bought a new stake in Air Lease during the 3rd quarter worth approximately $7,066,000. Bank of New York Mellon Corp raised its holdings in Air Lease by 14.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,022,459 shares of the transportation company’s stock worth $49,293,000 after buying an additional 131,453 shares during the period. Finally, Royce & Associates LP lifted its stake in Air Lease by 2.5% in the third quarter. Royce & Associates LP now owns 2,875,522 shares of the transportation company’s stock valued at $130,232,000 after buying an additional 70,299 shares in the last quarter. 94.59% of the stock is currently owned by institutional investors.

Air Lease Price Performance

NYSE AL opened at $46.28 on Friday. The firm’s 50 day moving average is $47.17 and its 200-day moving average is $46.63. 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 company has a market capitalization of $5.15 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 1.33 and a beta of 1.59. Air Lease Co. has a 12-month low of $39.43 and a 12-month high of $52.31.

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, beating 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%. Equities research analysts anticipate that Air Lease Co. will post 5.16 earnings per share for the current fiscal year.

Air Lease Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.88 annualized dividend and a yield of 1.90%. Air Lease’s payout ratio is presently 26.43%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AL shares. JPMorgan Chase & Co. increased their price objective on shares of Air Lease from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. The Goldman Sachs Group reiterated a “buy” rating and set a $65.00 target price on shares of Air Lease in a report on Thursday, November 21st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $58.50.

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.