Segall Bryant & Hamill LLC trimmed its position in shares of Air Lease Corp (NYSE:AL) by 5.1% during the first quarter, HoldingsChannel reports. The firm owned 1,147,733 shares of the transportation company’s stock after selling 61,652 shares during the quarter. Air Lease comprises 1.1% of Segall Bryant & Hamill LLC’s portfolio, making the stock its 20th largest holding. Segall Bryant & Hamill LLC’s holdings in Air Lease were worth $48,916,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its position in Air Lease by 7.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 422,996 shares of the transportation company’s stock valued at $20,342,000 after acquiring an additional 28,479 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Air Lease by 48.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,333 shares of the transportation company’s stock valued at $256,000 after acquiring an additional 1,734 shares in the last quarter. Comerica Bank bought a new stake in Air Lease in the 4th quarter valued at $213,000. Aperio Group LLC lifted its position in Air Lease by 54.1% in the 4th quarter. Aperio Group LLC now owns 112,272 shares of the transportation company’s stock valued at $5,399,000 after acquiring an additional 39,435 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its position in Air Lease by 228.8% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 9,977 shares of the transportation company’s stock valued at $480,000 after acquiring an additional 6,943 shares in the last quarter. 85.03% of the stock is currently owned by institutional investors.

Several equities research analysts have issued reports on AL shares. Credit Suisse Group reiterated an “outperform” rating and issued a $57.00 price target (up from $55.00) on shares of Air Lease in a research note on Friday, February 23rd. UBS Group reiterated a “sell” rating and issued a $32.00 price target (up from $31.00) on shares of Air Lease in a research note on Wednesday, February 21st. Citigroup lifted their price target on shares of Air Lease from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. ValuEngine lowered shares of Air Lease from a “buy” rating to a “hold” rating in a research note on Wednesday, May 23rd. Finally, Macquarie initiated coverage on shares of Air Lease in a research note on Tuesday, March 13th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $53.35.

Shares of Air Lease stock traded up $0.30 during trading on Thursday, hitting $44.86. 2,253 shares of the stock were exchanged, compared to its average volume of 658,283. The firm has a market capitalization of $4.66 billion, a PE ratio of 12.21, a P/E/G ratio of 1.37 and a beta of 1.73. Air Lease Corp has a 1-year low of $35.75 and a 1-year high of $50.70. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.97 and a quick ratio of 0.97.

Air Lease (NYSE:AL) last announced its earnings results on Thursday, May 10th. The transportation company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.95 by $0.05. The business had revenue of $381.20 million during the quarter, compared to the consensus estimate of $379.74 million. Air Lease had a net margin of 50.86% and a return on equity of 11.03%. Air Lease’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.33 EPS. analysts expect that Air Lease Corp will post 4.51 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 10th. Investors of record on Tuesday, June 5th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Monday, June 4th. Air Lease’s payout ratio is 10.96%.

In related news, insider Steven F. Udvar-Hazy sold 30,363 shares of Air Lease stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $44.25, for a total transaction of $1,343,562.75. Following the completion of the sale, the insider now owns 959,175 shares of the company’s stock, valued at approximately $42,443,493.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Grant A. Levy sold 10,000 shares of Air Lease stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $44.01, for a total transaction of $440,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 84,507 shares of company stock valued at $3,773,850 in the last ninety days. 9.32% of the stock is currently owned by insiders.

About Air Lease

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet transport aircraft to airlines worldwide. The company also 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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