SRS Capital Advisors Inc. Increases Stake in Air Lease Co. (NYSE:AL)

SRS Capital Advisors Inc. raised its holdings in shares of Air Lease Co. (NYSE:AL) by 38.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,452 shares of the transportation company’s stock after acquiring an additional 683 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Air Lease were worth $103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Raymond James & Associates lifted its position in shares of Air Lease by 1.4% during the 3rd quarter. Raymond James & Associates now owns 362,943 shares of the transportation company’s stock valued at $14,304,000 after buying an additional 4,971 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Air Lease by 8.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,705 shares of the transportation company’s stock valued at $777,000 after purchasing an additional 1,557 shares in the last quarter. Strs Ohio boosted its position in shares of Air Lease by 22.4% in the third quarter. Strs Ohio now owns 44,744 shares of the transportation company’s stock worth $1,763,000 after purchasing an additional 8,188 shares during the period. Cambiar Investors LLC increased its stake in shares of Air Lease by 4.6% in the third quarter. Cambiar Investors LLC now owns 110,756 shares of the transportation company’s stock worth $4,365,000 after purchasing an additional 4,846 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Air Lease by 5.9% during the 3rd quarter. Fifth Third Bancorp now owns 34,120 shares of the transportation company’s stock valued at $1,345,000 after purchasing an additional 1,908 shares during the period. Hedge funds and other institutional investors own 94.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AL shares. BMO Capital Markets increased their price objective on shares of Air Lease from $54.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Barclays raised their target price on shares of Air Lease from $48.00 to $55.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Finally, StockNews.com downgraded shares of Air Lease from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Air Lease currently has an average rating of “Moderate Buy” and an average target price of $53.25.

Insider Buying and Selling

In related news, CEO John L. Plueger sold 19,095 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $40.27, for a total transaction of $768,955.65. Following the completion of the sale, the chief executive officer now directly owns 859,153 shares in the company, valued at approximately $34,598,091.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO John L. Plueger sold 19,095 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $40.27, for a total transaction of $768,955.65. Following the completion of the transaction, the chief executive officer now owns 859,153 shares in the company, valued at approximately $34,598,091.31. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Alex A. Khatibi sold 11,199 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $47.37, for a total transaction of $530,496.63. Following the sale, the executive vice president now directly owns 76,300 shares of the company’s stock, valued at approximately $3,614,331. The disclosure for this sale can be found here. Insiders sold 89,646 shares of company stock valued at $3,705,152 over the last 90 days. Corporate insiders own 6.64% of the company’s stock.

Air Lease Stock Up 1.2 %

Shares of AL opened at $51.41 on Friday. The firm has a market capitalization of $5.73 billion, a P/E ratio of 9.98, a P/E/G ratio of 0.63 and a beta of 1.63. Air Lease Co. has a 12-month low of $33.33 and a 12-month high of $52.31. The firm has a fifty day moving average price of $47.70 and a 200-day moving average price of $42.35. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 2.68.

Air Lease (NYSE:AL) last posted its quarterly earnings results on Thursday, February 15th. The transportation company reported $1.89 earnings per share 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 the consensus estimate 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 was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.21 earnings per share. Equities research analysts expect that Air Lease Co. will post 6.22 earnings per share for the current year.

Air Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 15th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Thursday, March 14th. Air Lease’s payout ratio is 16.31%.

Air Lease Company 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.