Transcend Capital Advisors LLC Invests $209,000 in Air Lease Co. (NYSE:AL)

Transcend Capital Advisors LLC acquired a new position in shares of Air Lease Co. (NYSE:AL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,325 shares of the transportation company’s stock, valued at approximately $209,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Eastern Bank acquired a new position in shares of Air Lease during the third quarter worth about $27,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Air Lease during the third quarter worth about $31,000. Venturi Wealth Management LLC boosted its position 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 worth $108,000 after buying an additional 2,140 shares during the period. GAMMA Investing LLC boosted its position 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 worth $111,000 after buying an additional 441 shares during the period. Finally, Principal Securities Inc. raised its holdings in Air Lease by 11.6% during the fourth quarter. Principal Securities Inc. now owns 2,655 shares of the transportation company’s stock worth $128,000 after acquiring an additional 276 shares in the last quarter. 94.59% of the stock is owned by institutional investors and hedge funds.

Air Lease Price Performance

NYSE:AL opened at $47.65 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.68. The stock’s 50 day moving average price is $47.42 and its two-hundred day moving average price is $46.46. The firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 1.18 and a beta of 1.59. Air Lease Co. has a 12-month low of $39.39 and a 12-month high of $52.31.

Air Lease (NYSE:AL) last released its quarterly earnings data on Thursday, February 13th. The transportation company reported $1.26 earnings per share (EPS) for the quarter, beating 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%. On average, analysts anticipate that Air Lease Co. will post 6.17 earnings per share for the current year.

Air Lease Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Tuesday, March 18th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.88 annualized dividend and a yield of 1.85%. Air Lease’s dividend payout ratio is 26.43%.

Analyst Ratings Changes

Several research firms recently issued reports on AL. JPMorgan Chase & Co. upped their target price on Air Lease from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. The Goldman Sachs Group reiterated a “buy” rating and set a $65.00 target price on shares of Air Lease in a report on Thursday, November 21st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $58.50.

Air Lease Company 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.