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

Dimensional Fund Advisors LP lessened its position in shares of Air Lease Co. (NYSE:AL) by 0.3% in the second quarter, HoldingsChannel.com reports. The firm owned 6,725,474 shares of the transportation company’s stock after selling 20,384 shares during the quarter. Dimensional Fund Advisors LP owned 0.06% of Air Lease worth $319,666,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Air Lease by 23.6% during the first quarter. Vanguard Group Inc. now owns 12,578,106 shares of the transportation company’s stock worth $647,018,000 after buying an additional 2,404,649 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Air Lease by 44.3% in the 4th quarter. Wellington Management Group LLP now owns 4,584,168 shares of the transportation company’s stock worth $192,260,000 after acquiring an additional 1,407,902 shares in the last quarter. Norges Bank acquired a new position in shares of Air Lease in the 4th quarter valued at about $42,482,000. Principal Financial Group Inc. boosted its position in shares of Air Lease by 8,069.3% during the 1st quarter. Principal Financial Group Inc. now owns 532,886 shares of the transportation company’s stock valued at $27,412,000 after purchasing an additional 526,363 shares in the last quarter. Finally, Artemis Investment Management LLP acquired a new stake in Air Lease during the second quarter worth approximately $22,339,000. Institutional investors own 94.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. cut their price target on Air Lease from $54.00 to $52.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. TD Cowen initiated coverage on shares of Air Lease in a research note on Monday, July 29th. They set a “buy” rating and a $58.00 target price on the stock. Finally, Barclays reduced their price target on shares of Air Lease from $55.00 to $54.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Air Lease presently has a consensus rating of “Moderate Buy” and an average price target of $54.75.

Air Lease Trading Up 0.8 %

NYSE AL opened at $44.00 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 2.69. Air Lease Co. has a 52 week low of $33.33 and a 52 week high of $52.31. The business has a 50 day moving average price of $45.59 and a 200-day moving average price of $47.08. The company has a market cap of $4.90 billion, a price-to-earnings 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 data 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 business had revenue of $667.29 million for the quarter, compared to analyst estimates of $687.93 million. Air Lease had a return on equity of 8.97% and a net margin of 20.85%. As a group, equities analysts expect that Air Lease Co. will post 6.68 earnings per share for the current fiscal year.

Air Lease Announces Dividend

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

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.