LSV Asset Management lifted its stake in Air Lease Corp (NYSE:AL) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 428,183 shares of the transportation company’s stock after purchasing an additional 25,600 shares during the period. LSV Asset Management’s holdings in Air Lease were worth $20,591,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Boston Partners raised its position in Air Lease by 2.0% during the third quarter. Boston Partners now owns 8,664,181 shares of the transportation company’s stock worth $369,267,000 after acquiring an additional 169,454 shares during the last quarter. Northern Trust Corp raised its position in Air Lease by 15.8% during the second quarter. Northern Trust Corp now owns 1,118,964 shares of the transportation company’s stock worth $41,804,000 after acquiring an additional 152,984 shares during the last quarter. Stevens Capital Management LP acquired a new position in Air Lease during the third quarter worth about $3,462,000. Zweig DiMenna Associates LLC raised its position in Air Lease by 90.4% during the third quarter. Zweig DiMenna Associates LLC now owns 156,913 shares of the transportation company’s stock worth $6,688,000 after acquiring an additional 74,500 shares during the last quarter. Finally, Bamco Inc. NY raised its position in Air Lease by 3.1% during the third quarter. Bamco Inc. NY now owns 2,369,082 shares of the transportation company’s stock worth $100,970,000 after acquiring an additional 70,200 shares during the last quarter. Hedge funds and other institutional investors own 91.42% of the company’s stock.

In other news, Director Jie Chen sold 4,000 shares of Air Lease stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $48.81, for a total transaction of $195,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Grant A. Levy sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $43.88, for a total transaction of $438,800.00. Following the completion of the sale, the executive vice president now owns 163,824 shares of the company’s stock, valued at $7,188,597.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 383,000 shares of company stock valued at $16,145,030. Insiders own 9.76% of the company’s stock.

A number of equities analysts have issued reports on AL shares. Bank of America set a $47.00 target price on shares of Air Lease and gave the stock a “hold” rating in a research report on Thursday, October 19th. Royal Bank of Canada restated a “buy” rating and set a $80.00 target price on shares of Air Lease in a research report on Thursday, November 2nd. Zacks Investment Research cut shares of Air Lease from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Cowen lifted their target price on shares of Air Lease from $45.00 to $54.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Finally, UBS Group lifted their target price on shares of Air Lease from $30.00 to $31.00 and gave the stock a “sell” rating in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $49.40.

Shares of Air Lease Corp (NYSE AL) opened at $43.80 on Friday. The company has a market cap of $4,684.00, a PE ratio of 13.00, a PEG ratio of 0.71 and a beta of 1.71. Air Lease Corp has a twelve month low of $34.42 and a twelve month high of $50.70. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.53.

Air Lease (NYSE:AL) last issued its quarterly earnings results on Thursday, November 9th. The transportation company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. The business had revenue of $376.77 million during the quarter, compared to the consensus estimate of $374.61 million. Air Lease had a net margin of 25.67% and a return on equity of 10.87%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.43 earnings per share. research analysts predict that Air Lease Corp will post 3.46 EPS for the current year.

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Air Lease 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.

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

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