Buffington Mohr McNeal increased its position in shares of Air Lease Corporation (NYSE:AL) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 117,990 shares of the transportation company’s stock after buying an additional 110 shares during the period. Air Lease Corporation accounts for 1.7% of Buffington Mohr McNeal’s portfolio, making the stock its 17th largest position. Buffington Mohr McNeal owned approximately 0.11% of Air Lease Corporation worth $4,408,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in AL. Bank of Montreal Can raised its stake in shares of Air Lease Corporation by 0.9% in the first quarter. Bank of Montreal Can now owns 3,856 shares of the transportation company’s stock worth $150,000 after buying an additional 35 shares during the period. Garrison Bradford & Associates Inc. raised its stake in shares of Air Lease Corporation by 0.9% in the first quarter. Garrison Bradford & Associates Inc. now owns 21,900 shares of the transportation company’s stock worth $849,000 after buying an additional 200 shares during the period. Suntrust Banks Inc. raised its stake in shares of Air Lease Corporation by 1.8% in the first quarter. Suntrust Banks Inc. now owns 12,725 shares of the transportation company’s stock worth $493,000 after buying an additional 231 shares during the period. Ingalls & Snyder LLC raised its stake in shares of Air Lease Corporation by 1.1% in the first quarter. Ingalls & Snyder LLC now owns 76,225 shares of the transportation company’s stock worth $2,954,000 after buying an additional 844 shares during the period. Finally, Wright Investors Service Inc. raised its stake in shares of Air Lease Corporation by 8.6% in the first quarter. Wright Investors Service Inc. now owns 11,325 shares of the transportation company’s stock worth $439,000 after buying an additional 900 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

Air Lease Corporation (NYSE:AL) opened at 42.74 on Tuesday. The company has a 50 day moving average of $38.43 and a 200-day moving average of $37.86. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 12.73 and a beta of 1.78. Air Lease Corporation has a 12-month low of $27.05 and a 12-month high of $42.87.

Air Lease Corporation (NYSE:AL) last posted its quarterly earnings data on Thursday, August 3rd. The transportation company reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.08. Air Lease Corporation had a return on equity of 10.99% and a net margin of 25.64%. The firm had revenue of $380.59 million during the quarter, compared to the consensus estimate of $375.14 million. During the same period in the prior year, the company earned $1.39 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts forecast that Air Lease Corporation will post $3.45 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Wednesday, September 13th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Tuesday, September 12th. Air Lease Corporation’s dividend payout ratio is currently 8.70%.

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A number of brokerages have issued reports on AL. Cowen and Company increased their price objective on shares of Air Lease Corporation from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Friday. BidaskClub raised shares of Air Lease Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Zacks Investment Research raised shares of Air Lease Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 10th. ValuEngine raised shares of Air Lease Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 10th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Air Lease Corporation in a report on Monday, May 15th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $45.43.

In other Air Lease Corporation news, EVP Kishore Korde sold 2,000 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $38.00, for a total value of $76,000.00. Following the completion of the sale, the executive vice president now directly owns 86,410 shares in the company, valued at approximately $3,283,580. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Grant A. Levy sold 27,854 shares of the company’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $38.16, for a total value of $1,062,908.64. Following the completion of the sale, the executive vice president now owns 210,824 shares of the company’s stock, valued at $8,045,043.84. The disclosure for this sale can be found here. 9.76% of the stock is currently owned by corporate insiders.

Air Lease Corporation Company Profile

Air Lease Corporation is an aircraft leasing company. The Company is principally engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus SAS. (Airbus), and leasing those aircraft to airlines across the world. Along with its leasing activities, the Company sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies and airlines.

Institutional Ownership by Quarter for Air Lease Corporation (NYSE:AL)

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