WINTON GROUP Ltd Buys 1,926 Shares of Air Lease Co. (NYSE:AL)

WINTON GROUP Ltd increased its stake in shares of Air Lease Co. (NYSE:AL) by 8.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,837 shares of the transportation company’s stock after purchasing an additional 1,926 shares during the period. WINTON GROUP Ltd’s holdings in Air Lease were worth $1,149,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Arizona State Retirement System raised its stake in Air Lease by 0.8% during the 4th quarter. Arizona State Retirement System now owns 30,708 shares of the transportation company’s stock worth $1,480,000 after buying an additional 244 shares during the period. Principal Securities Inc. raised its position in shares of Air Lease by 11.6% during the fourth quarter. Principal Securities Inc. now owns 2,655 shares of the transportation company’s stock worth $128,000 after purchasing an additional 276 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in shares of Air Lease by 0.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 43,524 shares of the transportation company’s stock valued at $2,098,000 after purchasing an additional 318 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Air Lease by 12.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,468 shares of the transportation company’s stock valued at $157,000 after purchasing an additional 389 shares during the period. Finally, GAMMA Investing LLC increased its stake in Air Lease by 23.6% during the 4th quarter. GAMMA Investing LLC now owns 2,309 shares of the transportation company’s stock worth $111,000 after purchasing an additional 441 shares in the last quarter. Institutional investors own 94.59% of the company’s stock.

Wall Street Analysts Forecast Growth

AL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Air Lease from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. UBS Group set a $50.00 price target on Air Lease in a research note on Friday, March 7th. Finally, Bank of America lowered Air Lease from a “buy” rating to an “underperform” rating and cut their price target for the company from $72.00 to $50.00 in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $55.67.

Air Lease Trading Down 1.5 %

AL opened at $48.32 on Friday. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 14.51, a P/E/G ratio of 1.33 and a beta of 1.60. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.68. Air Lease Co. has a twelve month low of $39.43 and a twelve month high of $52.31. The company has a 50-day simple moving average of $46.96 and a 200 day simple moving average of $46.84.

Air Lease (NYSE:AL) last issued its earnings results on Thursday, February 13th. The transportation company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.44. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. Analysts predict that Air Lease Co. will post 5.16 EPS for the current fiscal year.

Air Lease Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Tuesday, March 18th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.82%. The ex-dividend date is Tuesday, March 18th. Air Lease’s dividend payout ratio (DPR) is currently 26.43%.

About Air Lease

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.