Y Intercept Hong Kong Ltd Cuts Stake in Air Lease Co. (NYSE:AL)

Y Intercept Hong Kong Ltd lowered its position in Air Lease Co. (NYSE:AL) by 17.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,254 shares of the transportation company’s stock after selling 2,763 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Air Lease were worth $639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Air Lease during the third quarter valued at approximately $31,000. Venturi Wealth Management LLC boosted its stake in shares of Air Lease by 2,018.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,246 shares of the transportation company’s stock valued at $108,000 after purchasing an additional 2,140 shares during the period. GAMMA Investing LLC boosted its stake in shares of Air Lease by 23.6% during the fourth quarter. GAMMA Investing LLC now owns 2,309 shares of the transportation company’s stock valued at $111,000 after purchasing an additional 441 shares during the period. Principal Securities Inc. boosted its stake 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 valued at $128,000 after purchasing an additional 276 shares during the period. Finally, KBC Group NV boosted its stake in shares of Air Lease by 20.0% during the third quarter. KBC Group NV now owns 3,345 shares of the transportation company’s stock valued at $151,000 after purchasing an additional 557 shares during the period. Hedge funds and other institutional investors own 94.59% of the company’s stock.

Air Lease Price Performance

Shares of NYSE:AL opened at $47.97 on Friday. Air Lease Co. has a 1-year low of $39.40 and a 1-year high of $52.31. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.37 and a quick ratio of 0.37. The business has a fifty day moving average price of $47.36 and a 200-day moving average price of $46.54. The company has a market capitalization of $5.34 billion, a PE ratio of 14.41, a PEG ratio of 1.33 and a beta of 1.59.

Air Lease (NYSE:AL) last released its quarterly earnings data on Thursday, February 13th. The transportation company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.82 by $0.44. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. As a group, equities analysts expect that Air Lease Co. will post 5.16 EPS for the current fiscal year.

Air Lease Dividend Announcement

The company also recently announced 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. The ex-dividend date is Tuesday, March 18th. This represents a $0.88 annualized dividend and a yield of 1.83%. Air Lease’s payout ratio is 26.43%.

Analyst Ratings Changes

AL has been the subject of a number of analyst reports. The Goldman Sachs Group reissued a “buy” rating and set a $65.00 price objective on shares of Air Lease in a research note on Thursday, November 21st. JPMorgan Chase & Co. raised their price target on Air Lease from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $58.50.

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.