Air Lease Co. (NYSE:AL) is HST Ventures LLC’s Largest Position

HST Ventures LLC grew its stake in shares of Air Lease Co. (NYSE:ALFree Report) by 2.7% in the fourth quarter, Holdings Channel reports. The firm owned 1,046,891 shares of the transportation company’s stock after acquiring an additional 27,316 shares during the period. Air Lease accounts for approximately 15.5% of HST Ventures LLC’s holdings, making the stock its largest position. HST Ventures LLC’s holdings in Air Lease were worth $43,907,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in AL. Jump Financial LLC purchased a new stake in Air Lease in the third quarter worth about $1,256,000. Natixis Advisors L.P. lifted its stake in Air Lease by 0.6% in the third quarter. Natixis Advisors L.P. now owns 186,241 shares of the transportation company’s stock worth $7,340,000 after acquiring an additional 1,049 shares during the period. Envestnet Asset Management Inc. lifted its stake in Air Lease by 47.6% in the third quarter. Envestnet Asset Management Inc. now owns 938,826 shares of the transportation company’s stock worth $36,999,000 after acquiring an additional 302,576 shares during the period. Rhumbline Advisers lifted its stake in Air Lease by 2.1% in the third quarter. Rhumbline Advisers now owns 117,134 shares of the transportation company’s stock worth $4,616,000 after acquiring an additional 2,423 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in Air Lease in the third quarter worth about $5,982,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO John L. Plueger sold 19,095 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $40.27, for a total value of $768,955.65. Following the transaction, the chief executive officer now owns 859,153 shares in the company, valued at approximately $34,598,091.31. The sale was disclosed in a filing with the SEC, which is available through this link. In other Air Lease news, CEO John L. Plueger sold 28,515 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $40.06, for a total value of $1,142,310.90. Following the sale, the chief executive officer now owns 808,842 shares in the company, valued at approximately $32,402,210.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO John L. Plueger sold 19,095 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $40.27, for a total value of $768,955.65. Following the transaction, the chief executive officer now owns 859,153 shares in the company, valued at approximately $34,598,091.31. The disclosure for this sale can be found here. In the last quarter, insiders have sold 78,447 shares of company stock worth $3,174,655. 6.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Barclays upped their price objective on shares of Air Lease from $46.00 to $48.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. BMO Capital Markets increased their price target on shares of Air Lease from $54.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. Finally, StockNews.com lowered shares of Air Lease from a “buy” rating to a “hold” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $51.50.

Read Our Latest Stock Analysis on AL

Air Lease Stock Up 1.6 %

Shares of AL stock traded up $0.74 during mid-day trading on Friday, hitting $47.13. 22,251,222 shares of the stock traded hands, compared to its average volume of 1,442,455. Air Lease Co. has a 52-week low of $33.33 and a 52-week high of $47.75. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market cap of $5.23 billion, a P/E ratio of 9.15, a P/E/G ratio of 0.85 and a beta of 1.62. The stock’s fifty day moving average is $41.84 and its two-hundred day moving average is $39.73.

Air Lease (NYSE:ALGet Free Report) last posted its quarterly earnings data on Thursday, February 15th. The transportation company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.79. Air Lease had a net margin of 22.89% and a return on equity of 8.87%. The firm had revenue of $716.57 million for the quarter, compared to the consensus estimate of $672.95 million. During the same quarter in the prior year, the company posted $1.21 earnings per share. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. Equities analysts predict that Air Lease Co. will post 4.67 EPS for the current year.

Air Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Friday, March 15th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.78%. Air Lease’s dividend payout ratio (DPR) is currently 16.31%.

Air Lease Company 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.

Further Reading

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Institutional Ownership by Quarter for Air Lease (NYSE:AL)

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