Air Lease Co. (NYSE:AL) is Barton Investment Management’s 7th Largest Position

Barton Investment Management lessened its holdings in Air Lease Co. (NYSE:AL) by 1.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 677,123 shares of the transportation company’s stock after selling 8,545 shares during the quarter. Air Lease comprises 3.5% of Barton Investment Management’s investment portfolio, making the stock its 7th biggest position. Barton Investment Management’s holdings in Air Lease were worth $32,644,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. lifted its stake in Air Lease by 0.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 53,625 shares of the transportation company’s stock worth $2,429,000 after purchasing an additional 314 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Air Lease by 12.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,468 shares of the transportation company’s stock valued at $157,000 after buying an additional 389 shares in the last quarter. GAMMA Investing LLC lifted its position in Air Lease by 23.6% in the 4th quarter. GAMMA Investing LLC now owns 2,309 shares of the transportation company’s stock worth $111,000 after buying an additional 441 shares during the last quarter. Orion Portfolio Solutions LLC grew its position in Air Lease by 11.9% during the third quarter. Orion Portfolio Solutions LLC now owns 4,819 shares of the transportation company’s stock valued at $218,000 after acquiring an additional 511 shares during the last quarter. Finally, KBC Group NV raised 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 worth $151,000 after acquiring an additional 557 shares in the last quarter. Institutional investors own 94.59% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Air Lease Trading Up 1.1 %

Shares of AL opened at $45.51 on Thursday. The firm has a fifty day simple moving average of $47.99 and a two-hundred day simple moving average of $46.34. Air Lease Co. has a twelve month low of $39.35 and a twelve month high of $52.31. The stock has a market capitalization of $5.07 billion, a P/E ratio of 10.37, a PEG ratio of 1.00 and a beta of 1.59. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 2.63.

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.