Wilmington Savings Fund Society FSB Has $689,000 Stock Position in Air Lease Co. (NYSE:AL)

Wilmington Savings Fund Society FSB increased its position in Air Lease Co. (NYSE:AL) by 1,980.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 14,292 shares of the transportation company’s stock after buying an additional 13,605 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Air Lease were worth $689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Creative Planning increased its stake in shares of Air Lease by 23.6% in the second quarter. Creative Planning now owns 8,885 shares of the transportation company’s stock worth $422,000 after purchasing an additional 1,698 shares during the period. GAMMA Investing LLC increased its position in Air Lease by 55.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,868 shares of the transportation company’s stock worth $85,000 after buying an additional 667 shares during the period. Raymond James & Associates lifted its holdings in shares of Air Lease by 12.4% during the third quarter. Raymond James & Associates now owns 459,018 shares of the transportation company’s stock worth $20,789,000 after buying an additional 50,675 shares during the last quarter. Everence Capital Management Inc. boosted its position in shares of Air Lease by 174.1% in the third quarter. Everence Capital Management Inc. now owns 14,200 shares of the transportation company’s stock valued at $643,000 after acquiring an additional 9,020 shares during the period. Finally, Copeland Capital Management LLC increased its position in Air Lease by 0.7% during the third quarter. Copeland Capital Management LLC now owns 1,830,994 shares of the transportation company’s stock worth $82,926,000 after acquiring an additional 12,441 shares during the period. Institutional investors and hedge funds own 94.59% of the company’s stock.

Air Lease Price Performance

NYSE:AL opened at $45.95 on Tuesday. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 1.00 and a beta of 1.59. The company has a 50-day moving average of $47.71 and a 200-day moving average of $46.28. Air Lease Co. has a 52 week low of $39.35 and a 52 week high of $52.31. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.43 and a current ratio of 0.43.

Analyst Upgrades and Downgrades

AL has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price target on shares of Air Lease from $52.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. The Goldman Sachs Group reissued a “buy” rating and set a $65.00 target price on shares of Air Lease in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Air Lease presently has a consensus rating of “Moderate Buy” and an average target price of $57.60.

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.