Cantor Fitzgerald L. P. Makes New $2.01 Million Investment in Air Lease Corporation $AL

Cantor Fitzgerald L. P. acquired a new stake in shares of Air Lease Corporation (NYSE:AL) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 31,576 shares of the transportation company’s stock, valued at approximately $2,010,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Mather Group LLC. purchased a new position in Air Lease during the third quarter valued at approximately $29,000. True Wealth Design LLC boosted its position in Air Lease by 2,980.0% in the 3rd quarter. True Wealth Design LLC now owns 462 shares of the transportation company’s stock worth $29,000 after purchasing an additional 447 shares in the last quarter. First Horizon Corp purchased a new stake in Air Lease in the 3rd quarter worth approximately $31,000. Nisa Investment Advisors LLC grew its stake in shares of Air Lease by 129.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 528 shares of the transportation company’s stock worth $34,000 after purchasing an additional 298 shares during the period. Finally, Hantz Financial Services Inc. increased its holdings in shares of Air Lease by 75.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 546 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 234 shares in the last quarter. Institutional investors and hedge funds own 94.59% of the company’s stock.

Analyst Ratings Changes

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

Air Lease Stock Down 0.1%

Air Lease stock opened at $64.65 on Thursday. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a market capitalization of $7.24 billion, a PE ratio of 6.94, a price-to-earnings-growth ratio of 0.53 and a beta of 1.11. The business has a 50 day simple moving average of $64.59 and a 200-day simple moving average of $64.06. Air Lease Corporation has a 12 month low of $38.25 and a 12 month high of $64.96.

Air Lease (NYSE:AL) last announced its earnings results on Thursday, February 12th. The transportation company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.74. Air Lease had a return on equity of 8.54% and a net margin of 35.72%.The firm had revenue of $679.54 million for the quarter, compared to analyst estimates of $782.67 million. During the same quarter last year, the firm posted $0.83 EPS. The business’s revenue was up 15.1% on a year-over-year basis. On average, analysts anticipate that Air Lease Corporation will post 5.16 EPS for the current fiscal year.

Air Lease Dividend Announcement

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

Air Lease Company 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.