31,576 Shares in Air Lease Corporation $AL Acquired by Cantor Fitzgerald L. P.

Cantor Fitzgerald L. P. bought a new position in Air Lease Corporation (NYSE:AL) in the third quarter, HoldingsChannel.com reports. The fund bought 31,576 shares of the transportation company’s stock, valued at approximately $2,010,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of Air Lease by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,591,387 shares of the transportation company’s stock worth $419,540,000 after buying an additional 41,975 shares during the last quarter. State Street Corp grew its holdings in shares of Air Lease by 0.8% in the second quarter. State Street Corp now owns 3,459,048 shares of the transportation company’s stock worth $203,084,000 after acquiring an additional 28,227 shares during the period. AQR Capital Management LLC increased its position in Air Lease by 930.1% during the third quarter. AQR Capital Management LLC now owns 2,283,492 shares of the transportation company’s stock valued at $145,321,000 after acquiring an additional 2,061,817 shares during the last quarter. Magnetar Financial LLC purchased a new stake in Air Lease during the third quarter valued at $100,534,000. Finally, Bank of America Corp DE lifted its holdings in Air Lease by 4.1% in the second quarter. Bank of America Corp DE now owns 1,235,262 shares of the transportation company’s stock valued at $72,250,000 after acquiring an additional 48,413 shares during the period. 94.59% of the stock is owned by institutional investors.

Air Lease Stock Performance

NYSE:AL opened at $64.53 on Friday. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.46 and a current ratio of 0.46. The stock has a 50-day simple moving average of $64.56 and a two-hundred day simple moving average of $63.97. The firm has a market capitalization of $7.23 billion, a PE ratio of 6.93, a P/E/G ratio of 0.53 and a beta of 1.11. Air Lease Corporation has a 52-week low of $38.25 and a 52-week high of $64.96.

Air Lease (NYSE:AL) last posted its quarterly earnings data on Thursday, February 12th. The transportation company reported $2.20 EPS for the quarter, topping the consensus estimate of $1.46 by $0.74. The firm had revenue of $679.54 million for the quarter, compared to the consensus estimate of $782.67 million. Air Lease had a return on equity of 8.54% and a net margin of 35.72%.The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 earnings per share. Analysts forecast that Air Lease Corporation will post 5.16 EPS for the current year.

Air Lease Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 7th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.22 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 1.4%. Air Lease’s dividend payout ratio (DPR) is presently 9.45%.

Analyst Upgrades and Downgrades

AL has been the topic of several research reports. Zacks Research raised Air Lease from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Air Lease in a research note on Wednesday, January 21st. Finally, Barclays reissued an “equal weight” rating and issued a $65.00 price objective (down from $68.00) on shares of Air Lease in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Air Lease has a consensus rating of “Moderate Buy” and a consensus price target of $66.00.

Insider Buying and Selling at Air Lease

In other Air Lease news, EVP Kishore Korde sold 20,662 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $64.10, for a total value of $1,324,434.20. Following the completion of the transaction, the executive vice president directly owned 50,091 shares in the company, valued at $3,210,833.10. This represents a 29.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven F. Udvar-Hazy sold 48,632 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $64.18, for a total transaction of $3,121,201.76. Following the completion of the sale, the director directly owned 14,050 shares of the company’s stock, valued at approximately $901,729. This trade represents a 77.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 89,294 shares of company stock valued at $5,728,216 over the last 90 days. 6.64% of the stock is currently owned by corporate insiders.

Air Lease Profile

Air Lease Corporation (NYSE: AL) is a leading aircraft leasing company that acquires commercial jet aircraft and leases them to airlines worldwide. The firm’s core business activities include direct aircraft acquisition, lease management and portfolio remarketing. By structuring sale‐and‐leaseback transactions, operating leases and secured loans, Air Lease provides flexible financing solutions that enable carriers to modernize their fleets without committing large amounts of capital to ownership.

Founded in 2010 and headquartered in Los Angeles, Air Lease Corporation serves a diverse customer base spanning North America, Europe, Asia, Latin America and the Middle East.