Allspring Global Investments Holdings LLC Has $134.33 Million Holdings in Air Lease Co. (NYSE:AL)

Allspring Global Investments Holdings LLC increased its position in shares of Air Lease Co. (NYSE:AL) by 43.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,800,723 shares of the transportation company’s stock after buying an additional 842,780 shares during the period. Allspring Global Investments Holdings LLC owned 2.51% of Air Lease worth $134,332,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp grew its position in shares of Air Lease by 0.8% during the 3rd quarter. State Street Corp now owns 3,410,373 shares of the transportation company’s stock worth $155,180,000 after buying an additional 25,874 shares during the period. Royce & Associates LP boosted its stake in Air Lease by 2.5% during the third quarter. Royce & Associates LP now owns 2,875,522 shares of the transportation company’s stock worth $130,232,000 after acquiring an additional 70,299 shares in the last quarter. Copeland Capital Management LLC increased its stake in Air Lease by 0.7% in the third quarter. Copeland Capital Management LLC now owns 1,830,994 shares of the transportation company’s stock valued at $82,926,000 after purchasing an additional 12,441 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Air Lease by 0.4% during the third quarter. Geode Capital Management LLC now owns 1,630,317 shares of the transportation company’s stock valued at $73,858,000 after purchasing an additional 6,190 shares during the period. Finally, Reinhart Partners LLC. boosted its position in shares of Air Lease by 2.7% during the 4th quarter. Reinhart Partners LLC. now owns 1,585,790 shares of the transportation company’s stock worth $76,451,000 after purchasing an additional 42,034 shares in the last quarter. Institutional investors and hedge funds own 94.59% of the company’s stock.

Air Lease Stock Down 0.5 %

AL stock opened at $45.76 on Wednesday. The firm has a market capitalization of $5.10 billion, a PE ratio of 10.42, a P/E/G ratio of 1.00 and a beta of 1.59. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 2.63. Air Lease Co. has a twelve month low of $39.35 and a twelve month high of $52.31. The stock’s 50 day moving average is $47.62 and its 200-day moving average is $46.25.

Analyst Ratings Changes

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

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.