Air Lease Co. (NYSE:AL) Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC decreased its position in shares of Air Lease Co. (NYSE:AL) by 18.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 584,231 shares of the transportation company’s stock after selling 128,197 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Air Lease were worth $28,166,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Oppenheimer Asset Management Inc. increased its stake in shares of Air Lease by 0.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 53,625 shares of the transportation company’s stock valued at $2,429,000 after purchasing an additional 314 shares during the period. BNP Paribas Financial Markets increased its position in 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 acquiring an additional 389 shares during the period. GAMMA Investing LLC raised 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 valued at $111,000 after acquiring an additional 441 shares in the last quarter. Orion Portfolio Solutions LLC lifted its holdings in Air Lease by 11.9% in the third quarter. Orion Portfolio Solutions LLC now owns 4,819 shares of the transportation company’s stock worth $218,000 after purchasing an additional 511 shares during the period. Finally, KBC Group NV lifted its holdings in Air Lease by 20.0% in the third quarter. KBC Group NV now owns 3,345 shares of the transportation company’s stock worth $151,000 after purchasing an additional 557 shares during the period. Institutional investors own 94.59% of the company’s stock.

Air Lease Price Performance

NYSE AL traded down $0.61 on Wednesday, reaching $47.32. The company’s stock had a trading volume of 224,366 shares, compared to its average volume of 553,786. Air Lease Co. has a twelve month low of $39.15 and a twelve month high of $52.31. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market cap of $5.27 billion, a PE ratio of 10.78, a PEG ratio of 1.55 and a beta of 1.61. The firm’s 50 day moving average is $48.70 and its two-hundred day moving average is $46.55.

Air Lease Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.86%. This is an increase from Air Lease’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, December 12th. Air Lease’s dividend payout ratio is presently 20.05%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Air Lease in a report on Thursday, November 21st. JPMorgan Chase & Co. upped their price objective on shares of Air Lease from $52.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $57.60.

Air Lease 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.