Thrivent Financial for Lutherans Has $103.37 Million Stake in Air Lease Co. (NYSE:AL)

Thrivent Financial for Lutherans decreased its position in Air Lease Co. (NYSE:AL) by 4.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,144,181 shares of the transportation company’s stock after selling 90,066 shares during the period. Thrivent Financial for Lutherans’ holdings in Air Lease were worth $103,371,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AL. Wilmington Savings Fund Society FSB acquired a new stake in shares of Air Lease in the 3rd quarter valued at about $31,000. SBI Securities Co. Ltd. acquired a new stake in shares of Air Lease in the 4th quarter valued at about $31,000. Steward Partners Investment Advisory LLC raised its stake in shares of Air Lease by 1,506.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,189 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 1,115 shares during the period. Jones Financial Companies Lllp increased its position in shares of Air Lease by 679.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,497 shares of the transportation company’s stock valued at $72,000 after acquiring an additional 1,305 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Air Lease by 2,018.9% in the fourth quarter. Venturi Wealth Management LLC now owns 2,246 shares of the transportation company’s stock valued at $108,000 after acquiring an additional 2,140 shares during the last quarter. Institutional investors and hedge funds own 94.59% of the company’s stock.

Air Lease Price Performance

Shares of NYSE AL opened at $46.54 on Wednesday. The business’s 50 day moving average price is $46.64 and its two-hundred day moving average price is $46.62. The company has a market cap of $5.18 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 1.33 and a beta of 1.60. 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 twelve month low of $39.43 and a twelve month high of $52.31.

Air Lease (NYSE:AL) last issued its quarterly earnings data on Thursday, February 13th. The transportation company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.44. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. On average, analysts predict that Air Lease Co. will post 5.16 EPS for the current year.

Air Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Tuesday, March 18th. Air Lease’s dividend payout ratio is presently 26.43%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AL. UBS Group set a $50.00 target price on Air Lease in a research report on Friday, March 7th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $65.00 target price on shares of Air Lease in a research report on Thursday, November 21st. 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 report on Friday, March 7th. Finally, JPMorgan Chase & Co. lifted their target price on Air Lease from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $55.67.

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.