Burns Matteson Capital Management LLC Invests $405,000 in Air Lease Co. (NYSE:AL)

Burns Matteson Capital Management LLC bought a new position in shares of Air Lease Co. (NYSE:AL) in the fourth quarter, Holdings Channel reports. The firm bought 8,401 shares of the transportation company’s stock, valued at approximately $405,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Loomis Sayles & Co. L P purchased a new stake in shares of Air Lease in the third quarter worth about $18,289,000. Highland Peak Capital LLC acquired a new position in Air Lease during the 3rd quarter worth approximately $7,066,000. Harbor Capital Advisors Inc. boosted its holdings in Air Lease by 109.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 161,127 shares of the transportation company’s stock worth $7,297,000 after acquiring an additional 84,016 shares during the period. Royce & Associates LP grew its position in Air Lease by 2.5% in the third quarter. Royce & Associates LP now owns 2,875,522 shares of the transportation company’s stock valued at $130,232,000 after acquiring an additional 70,299 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Air Lease by 9.2% during the third quarter. Principal Financial Group Inc. now owns 830,047 shares of the transportation company’s stock valued at $37,591,000 after purchasing an additional 69,887 shares during the period. Institutional investors and hedge funds own 94.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $65.00 target price on shares of Air Lease in a research note on Thursday, November 21st. JPMorgan Chase & Co. upped their price objective on shares of Air Lease from $52.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $57.60.

Air Lease Stock Down 0.5 %

Shares of NYSE:AL opened at $46.01 on Monday. The firm has a market cap of $5.12 billion, a PE ratio of 10.48, a price-to-earnings-growth ratio of 1.00 and a beta of 1.59. The company has a fifty day simple moving average of $47.81 and a 200 day simple moving average of $46.29. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 2.63. Air Lease Co. has a 12-month low of $39.35 and a 12-month high of $52.31.

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.