Air Lease Co. (NYSE:AL) Shares Bought by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lifted its stake in shares of Air Lease Co. (NYSE:AL) by 11.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,819 shares of the transportation company’s stock after buying an additional 511 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Air Lease were worth $218,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Eastern Bank bought a new position in Air Lease during the 3rd quarter worth approximately $27,000. Altshuler Shaham Ltd acquired a new stake in shares of Air Lease during the 2nd quarter valued at approximately $29,000. GAMMA Investing LLC lifted its stake in Air Lease by 55.5% during the third quarter. GAMMA Investing LLC now owns 1,868 shares of the transportation company’s stock worth $85,000 after purchasing an additional 667 shares during the last quarter. KBC Group NV boosted 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. Finally, BNP Paribas Financial Markets increased its stake in Air Lease by 12.6% during the third quarter. BNP Paribas Financial Markets now owns 3,468 shares of the transportation company’s stock valued at $157,000 after purchasing an additional 389 shares during the last quarter. Institutional investors own 94.59% of the company’s stock.

Wall Street Analyst Weigh In

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

Air Lease Price Performance

Shares of NYSE:AL opened at $48.57 on Friday. The firm’s 50 day moving average is $47.65 and its two-hundred day moving average is $46.33. The firm has a market capitalization of $5.41 billion, a P/E ratio of 11.06, a PEG ratio of 1.55 and a beta of 1.61. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 2.63. Air Lease Co. has a 52 week low of $39.15 and a 52 week high of $52.31.

Air Lease Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.88 annualized dividend and a yield of 1.81%. This is an increase from Air Lease’s previous quarterly dividend of $0.21. Air Lease’s payout ratio is presently 20.05%.

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.