Shufro Rose & Co. LLC Sells 1,000 Shares of Air Lease Co. (NYSE:AL)

Shufro Rose & Co. LLC decreased its stake in shares of Air Lease Co. (NYSE:AL) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,600 shares of the transportation company’s stock after selling 1,000 shares during the quarter. Shufro Rose & Co. LLC’s holdings in Air Lease were worth $1,285,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in Air Lease by 296.1% during the 3rd quarter. CWM LLC now owns 911 shares of the transportation company’s stock valued at $36,000 after buying an additional 681 shares in the last quarter. Neo Ivy Capital Management bought a new stake in Air Lease during the 3rd quarter valued at about $40,000. Quantbot Technologies LP bought a new stake in Air Lease during the 3rd quarter valued at about $48,000. Orion Capital Management LLC purchased a new position in Air Lease during the 3rd quarter valued at about $126,000. Finally, Quent Capital LLC increased its position in Air Lease by 10.4% during the 4th quarter. Quent Capital LLC now owns 3,798 shares of the transportation company’s stock valued at $159,000 after purchasing an additional 358 shares during the period. Institutional investors own 94.59% of the company’s stock.

Air Lease Stock Up 0.2 %

Shares of Air Lease stock traded up $0.10 on Friday, reaching $51.66. The stock had a trading volume of 742,166 shares, compared to its average volume of 889,036. The company has a 50 day moving average price of $46.63 and a 200 day moving average price of $41.84. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 2.68. Air Lease Co. has a 1 year low of $33.33 and a 1 year high of $52.31. The stock has a market capitalization of $5.75 billion, a P/E ratio of 10.03, a P/E/G ratio of 0.71 and a beta of 1.65.

Air Lease (NYSE:AL) last issued its quarterly earnings data on Thursday, February 15th. The transportation company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.79. Air Lease had a net margin of 22.89% and a return on equity of 8.87%. The firm had revenue of $716.57 million for the quarter, compared to the consensus estimate of $672.95 million. During the same quarter in the previous year, the firm earned $1.21 EPS. The company’s quarterly revenue was up 19.1% compared to the same quarter last year. As a group, equities research analysts forecast that Air Lease Co. will post 5.64 EPS for the current year.

Air Lease Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 15th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.63%. The ex-dividend date was Thursday, March 14th. Air Lease’s dividend payout ratio is presently 16.31%.

Insiders Place Their Bets

In other Air Lease news, EVP Alex A. Khatibi sold 11,199 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $47.37, for a total transaction of $530,496.63. Following the sale, the executive vice president now owns 76,300 shares of the company’s stock, valued at approximately $3,614,331. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Air Lease news, CEO John L. Plueger sold 19,095 shares of Air Lease stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $40.27, for a total transaction of $768,955.65. Following the completion of the sale, the chief executive officer now directly owns 859,153 shares in the company, valued at approximately $34,598,091.31. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Alex A. Khatibi sold 11,199 shares of Air Lease stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $47.37, for a total transaction of $530,496.63. Following the sale, the executive vice president now owns 76,300 shares of the company’s stock, valued at $3,614,331. The disclosure for this sale can be found here. In the last quarter, insiders have sold 89,646 shares of company stock valued at $3,705,152. Insiders own 6.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. StockNews.com downgraded shares of Air Lease from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. BMO Capital Markets raised their target price on shares of Air Lease from $54.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. Finally, Barclays raised their target price on shares of Air Lease from $48.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.25.

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.