Air Lease Co. (NYSE:AL) Stock Holdings Decreased by Lyrical Asset Management LP

Lyrical Asset Management LP lowered its position in shares of Air Lease Co. (NYSE:AL) by 0.6% during the fourth quarter, Holdings Channel reports. The fund owned 1,957,735 shares of the transportation company’s stock after selling 11,953 shares during the quarter. Lyrical Asset Management LP’s holdings in Air Lease were worth $94,382,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in AL. Wellington Management Group LLP lifted its stake in Air Lease by 7.2% in the 4th quarter. Wellington Management Group LLP now owns 5,384,230 shares of the transportation company’s stock worth $259,574,000 after acquiring an additional 362,585 shares in the last quarter. State Street Corp lifted its position in shares of Air Lease by 0.8% in the third quarter. State Street Corp now owns 3,410,373 shares of the transportation company’s stock worth $155,180,000 after purchasing an additional 25,874 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Air Lease by 13.7% during the fourth quarter. American Century Companies Inc. now owns 3,226,921 shares of the transportation company’s stock worth $155,570,000 after purchasing an additional 389,070 shares during the period. Allspring Global Investments Holdings LLC grew its position in Air Lease by 43.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,800,723 shares of the transportation company’s stock valued at $134,332,000 after purchasing an additional 842,780 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Air Lease by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,630,317 shares of the transportation company’s stock valued at $73,858,000 after buying an additional 6,190 shares during the period. Hedge funds and other institutional investors own 94.59% of the company’s stock.

Air Lease Stock Performance

Shares of AL opened at $42.00 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.68. Air Lease Co. has a 12 month low of $39.43 and a 12 month high of $52.31. The company’s fifty day moving average is $46.93 and its 200-day moving average is $46.99. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 1.33 and a beta of 1.34.

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

Air Lease Dividend Announcement

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 $0.22 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.88 annualized dividend and a yield of 2.10%. Air Lease’s dividend payout ratio (DPR) is currently 26.43%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. UBS Group set a $50.00 target price on shares of Air Lease in a research note on Friday, March 7th. JPMorgan Chase & Co. increased their price objective on Air Lease from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Finally, Bank of America downgraded Air Lease from a “buy” rating to an “underperform” rating and lowered their target price for the company from $72.00 to $50.00 in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.