Mather Group LLC. Acquires New Stake in Air Lease Co. (NYSE:AL)

Mather Group LLC. acquired a new stake in shares of Air Lease Co. (NYSE:AL) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 607 shares of the transportation company’s stock, valued at approximately $31,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Trexquant Investment LP lifted its stake in Air Lease by 134.7% during the fourth quarter. Trexquant Investment LP now owns 131,461 shares of the transportation company’s stock worth $5,513,000 after purchasing an additional 75,449 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Air Lease by 812.8% in the fourth quarter. BNP Paribas Financial Markets now owns 25,740 shares of the transportation company’s stock worth $1,080,000 after buying an additional 22,920 shares during the period. Park West Asset Management LLC purchased a new position in shares of Air Lease in the fourth quarter worth about $3,775,000. Bfsg LLC purchased a new position in shares of Air Lease in the fourth quarter worth about $869,000. Finally, Prevail Innovative Wealth Advisors LLC increased its holdings in shares of Air Lease by 52.6% in the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 54,152 shares of the transportation company’s stock worth $2,271,000 after buying an additional 18,661 shares during the period. Institutional investors own 94.59% of the company’s stock.

Analyst Upgrades and Downgrades

AL has been the topic of several analyst reports. Barclays lifted their price objective on Air Lease from $48.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. TD Cowen decreased their price objective on Air Lease from $59.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. Finally, StockNews.com downgraded Air Lease from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $53.80.

Air Lease Stock Performance

NYSE:AL opened at $48.15 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 2.69. The firm’s fifty day simple moving average is $48.35 and its 200 day simple moving average is $45.16. The stock has a market cap of $5.36 billion, a P/E ratio of 9.71, a price-to-earnings-growth ratio of 0.89 and a beta of 1.62. Air Lease Co. has a twelve month low of $33.33 and a twelve month high of $52.31.

Air Lease (NYSE:AL) last announced its earnings results on Monday, May 6th. The transportation company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.07). Air Lease had a net margin of 21.89% and a return on equity of 9.00%. The company had revenue of $663.31 million for the quarter, compared to the consensus estimate of $677.26 million. During the same period in the previous year, the firm posted $1.06 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, research analysts predict that Air Lease Co. will post 6.96 EPS for the current year.

Air Lease Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Investors of record on Tuesday, June 4th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Tuesday, June 4th. Air Lease’s payout ratio is currently 16.94%.

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.