Charles Schwab Investment Management Inc. Buys 27,885 Shares of Air Lease Co. (NYSE:AL)
Charles Schwab Investment Management Inc. lifted its stake in Air Lease Co. (NYSE:AL – Free Report) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,016,326 shares of the transportation company’s stock after buying an additional 27,885 shares during the period. Charles Schwab Investment Management Inc. owned about 0.92% of Air Lease worth $42,625,000 at the end of the most recent reporting period. A number of other institutional investors have also added to or reduced their stakes in the company. National Bank of Canada FI increased its holdings in Air Lease by 9,451.6% in the 4th quarter. National Bank of Canada FI now owns 59,220 shares of the transportation company’s stock valued at $2,436,000 after buying an additional 58,600 shares during the period. Sapient Capital LLC bought a new stake in Air Lease in the fourth quarter valued at about $352,000. SRS Capital Advisors Inc. raised its position in Air Lease by 38.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,452 shares of the transportation company’s stock worth $103,000 after purchasing an additional 683 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Air Lease during the fourth quarter worth about $212,000. Finally, Victory Capital Management Inc. boosted its holdings in Air Lease by 6.5% during the fourth quarter. Victory Capital Management Inc. now owns 38,837 shares of the transportation company’s stock valued at $1,629,000 after purchasing an additional 2,363 shares in the last quarter. 94.59% of the stock is owned by institutional investors and hedge funds. Insider Buying and Selling at Air Lease In related news, EVP Alex A. Khatibi sold 11,199 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $47.37, for a total value of $530,496.63. Following the sale, the executive vice president now directly owns 76,300 shares in the company, valued at approximately $3,614,331. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Alex A. Khatibi sold 11,199 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $47.37, for a total transaction of $530,496.63. Following the sale, the executive vice president now owns 76,300 shares of the company’s stock, valued at approximately $3,614,331. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John L. Plueger sold 19,095 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $40.27, for a total value of $768,955.65. Following the sale, the chief executive officer now directly owns 859,153 shares in the company, valued at approximately $34,598,091.31. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,646 shares of company stock valued at $3,705,152. 6.64% of the stock is currently owned by company insiders. Wall Street Analysts Forecast Growth Several equities analysts recently commented on the company. BMO Capital Markets raised their target price on Air Lease from $54.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. TD Cowen reduced their target price on shares of Air Lease from $59.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday, May 7th. Barclays increased their target price on shares of Air Lease from $48.00 to $55.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Finally, StockNews.com downgraded shares of Air Lease from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $53.80. Get Our Latest Stock Analysis on Air Lease Air Lease Stock Down 0.3 % Shares of AL opened at $49.27 on Monday. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 0.61 and a beta of 1.63. Air Lease Co. has a 52 week low of $33.33 and a 52 week high of $52.31. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.48 and a current ratio of 0.48. The business’s fifty day moving average price is $49.28 and its two-hundred day moving average price is $43.47. Air Lease (NYSE:AL – Get Free Report) last announced its quarterly earnings data on Monday, May 6th. The transportation company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.07). The firm had revenue of $663.31 million for the quarter, compared to the consensus estimate of $677.26 million. Air Lease had a return on equity of 9.00% and a net margin of 21.89%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.06 earnings per share. On average, analysts predict that Air Lease Co. will post 6.2 earnings per share for the current year. Air Lease Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Investors of record on Tuesday, June 4th will be issued a $0.21 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $0.84 dividend on an annualized basis and a yield of 1.70%. Air Lease’s dividend payout ratio is presently 16.94%. Air Lease Profile (Free Report) 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. Read More Five stocks we like better than Air Lease TSX Venture Exchange (Formerly Canadian Venture Exchange) MarketBeat Week in Review – 5/13 – 5/17 Stock Splits, Do They Really Impact Investors? Take-Two Interactive Software Offers 2nd Chance for Investors 3 Must-Buy Warren Buffett Stocks for Volatile Times Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook Want to see what other hedge funds are holding AL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Lease Co. (NYSE:AL – Free Report).
