Alaska Permanent Fund Corp Purchases 1,175 Shares of Air Lease Co. (NYSE:AL)

Alaska Permanent Fund Corp raised its position in shares of Air Lease Co. (NYSE:AL) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,275 shares of the transportation company’s stock after acquiring an additional 1,175 shares during the period. Alaska Permanent Fund Corp owned approximately 0.05% of Air Lease worth $2,402,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AL. CWM LLC boosted its stake in shares of Air Lease by 296.1% in the third quarter. CWM LLC now owns 911 shares of the transportation company’s stock valued at $36,000 after buying an additional 681 shares during the period. Neo Ivy Capital Management bought a new stake in shares of Air Lease in the third quarter valued at approximately $40,000. Quantbot Technologies LP bought a new stake in shares of Air Lease in the third quarter valued at approximately $48,000. Orion Capital Management LLC bought a new stake in shares of Air Lease in the third quarter valued at approximately $126,000. Finally, Quent Capital LLC boosted its stake in shares of Air Lease by 10.4% in the fourth quarter. Quent Capital LLC now owns 3,798 shares of the transportation company’s stock valued at $159,000 after buying an additional 358 shares during the period. Institutional investors own 94.59% of the company’s stock.

Insider Transactions at Air Lease

In related news, EVP Alex A. Khatibi sold 11,198 shares of Air Lease stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $43.11, for a total value of $482,745.78. Following the completion of the transaction, the executive vice president now directly owns 87,499 shares in the company, valued at approximately $3,772,081.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Air Lease news, EVP Alex A. Khatibi sold 11,199 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $47.37, for a total value of $530,496.63. Following the completion of the transaction, the executive vice president now directly owns 76,300 shares of the company’s stock, valued at approximately $3,614,331. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Alex A. Khatibi sold 11,198 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $43.11, for a total transaction of $482,745.78. Following the completion of the transaction, the executive vice president now directly owns 87,499 shares of the company’s stock, valued at $3,772,081.89. The disclosure for this sale can be found here. Insiders sold a total of 89,646 shares of company stock worth $3,705,152 in the last quarter. Insiders own 6.64% of the company’s stock.

Air Lease Stock Down 1.0 %

Shares of AL stock traded down $0.53 on Thursday, reaching $50.87. 43,541 shares of the company were exchanged, compared to its average volume of 1,328,085. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 9.98, a PEG ratio of 0.70 and a beta of 1.65. The company has a 50-day moving average of $46.07 and a 200-day moving average of $41.56. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.40 and a quick ratio of 0.40. Air Lease Co. has a one year low of $33.33 and a one year high of $51.77.

Air Lease (NYSE:AL) last posted its quarterly earnings data on Thursday, February 15th. The transportation company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.10 by $0.79. The firm had revenue of $716.57 million during the quarter, compared to analyst estimates of $672.95 million. Air Lease had a net margin of 22.89% and a return on equity of 8.87%. The company’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter last year, the business posted $1.21 EPS. Analysts anticipate that Air Lease Co. will post 5.64 earnings per share for the current year.

Air Lease Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 15th were paid a dividend of $0.21 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.65%. Air Lease’s payout ratio is currently 16.31%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Barclays upped their price target on shares of Air Lease from $48.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. StockNews.com downgraded shares of Air Lease from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Finally, BMO Capital Markets upped their price target on shares of Air Lease from $54.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Air Lease presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.25.

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.