Air Lease Corporation (AL) Position Raised by Alliancebernstein L.P.

Alliancebernstein L.P. boosted its position in shares of Air Lease Corporation (NYSE:AL) by 12.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,864 shares of the transportation company’s stock after buying an additional 6,400 shares during the period. Alliancebernstein L.P. owned 0.06% of Air Lease Corporation worth $2,124,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Trust Co. acquired a new position in Air Lease Corporation during the second quarter worth approximately $111,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Air Lease Corporation by 10.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,599 shares of the transportation company’s stock worth $134,000 after buying an additional 331 shares during the period. Advisors Asset Management Inc. increased its position in Air Lease Corporation by 14.5% during the second quarter. Advisors Asset Management Inc. now owns 4,901 shares of the transportation company’s stock worth $183,000 after buying an additional 621 shares during the period. Canada Pension Plan Investment Board increased its position in Air Lease Corporation by 79.4% during the second quarter. Canada Pension Plan Investment Board now owns 6,100 shares of the transportation company’s stock worth $228,000 after buying an additional 2,700 shares during the period. Finally, Bank of Montreal Can increased its position in Air Lease Corporation by 61.5% during the second quarter. Bank of Montreal Can now owns 6,228 shares of the transportation company’s stock worth $233,000 after buying an additional 2,372 shares during the period. 92.16% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Air Lease Corporation (AL) Position Raised by Alliancebernstein L.P.” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/17/air-lease-corporation-al-position-raised-by-alliancebernstein-l-p.html.

Several research analysts have commented on AL shares. Zacks Investment Research raised Air Lease Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 10th. Barclays PLC started coverage on Air Lease Corporation in a research report on Monday, July 10th. They set an “overweight” rating and a $48.00 price target on the stock. Bank of America Corporation lowered Air Lease Corporation from a “buy” rating to a “neutral” rating and set a $44.00 price target on the stock. in a research report on Wednesday, August 9th. Morgan Stanley lifted their price target on Air Lease Corporation from $40.00 to $42.00 in a research report on Tuesday, July 4th. Finally, BidaskClub lowered Air Lease Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $49.75.

In related news, EVP Alex A. Khatibi sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $40.00, for a total value of $440,000.00. Following the sale, the executive vice president now owns 142,786 shares of the company’s stock, valued at approximately $5,711,440. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jie Chen sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $43.00, for a total value of $430,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 32,562 shares of company stock worth $1,342,363. Company insiders own 9.76% of the company’s stock.

Air Lease Corporation (NYSE AL) opened at 44.56 on Tuesday. The stock has a 50 day moving average price of $41.29 and a 200-day moving average price of $38.98. Air Lease Corporation has a 12-month low of $28.16 and a 12-month high of $44.78. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 12.98 and a beta of 1.79.

Air Lease Corporation (NYSE:AL) last announced its quarterly earnings results on Thursday, August 3rd. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.08. The business had revenue of $380.59 million for the quarter, compared to the consensus estimate of $375.14 million. Air Lease Corporation had a return on equity of 10.99% and a net margin of 25.64%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the business posted $1.39 EPS. Equities analysts forecast that Air Lease Corporation will post $3.46 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 6th. Investors of record on Wednesday, September 13th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.67

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Trust Co. acquired a new position in Air Lease Corporation during the second quarter worth approximately $111,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Air Lease Corporation by 10.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,599 shares of the transportation company’s stock worth $134,000 after buying an additional 331 shares during the period. Advisors Asset Management Inc. increased its position in Air Lease Corporation by 14.5% during the second quarter. Advisors Asset Management Inc. now owns 4,901 shares of the transportation company’s stock worth $183,000 after buying an additional 621 shares during the period. Canada Pension Plan Investment Board increased its position in Air Lease Corporation by 79.4% during the second quarter. Canada Pension Plan Investment Board now owns 6,100 shares of the transportation company’s stock worth $228,000 after buying an additional 2,700 shares during the period. Finally, Bank of Montreal Can increased its position in Air Lease Corporation by 61.5% during the second quarter. Bank of Montreal Can now owns 6,228 shares of the transportation company’s stock worth $233,000 after buying an additional 2,372 shares during the period. 92.16% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Air Lease Corporation (AL) Position Raised by Alliancebernstein L.P.” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/17/air-lease-corporation-al-position-raised-by-alliancebernstein-l-p.html.

Several research analysts have commented on AL shares. Zacks Investment Research raised Air Lease Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 10th. Barclays PLC started coverage on Air Lease Corporation in a research report on Monday, July 10th. They set an “overweight” rating and a $48.00 price target on the stock. Bank of America Corporation lowered Air Lease Corporation from a “buy” rating to a “neutral” rating and set a $44.00 price target on the stock. in a research report on Wednesday, August 9th. Morgan Stanley lifted their price target on Air Lease Corporation from $40.00 to $42.00 in a research report on Tuesday, July 4th. Finally, BidaskClub lowered Air Lease Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $49.75.

In related news, EVP Alex A. Khatibi sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $40.00, for a total value of $440,000.00. Following the sale, the executive vice president now owns 142,786 shares of the company’s stock, valued at approximately $5,711,440. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jie Chen sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $43.00, for a total value of $430,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 32,562 shares of company stock worth $1,342,363. Company insiders own 9.76% of the company’s stock.

Air Lease Corporation (NYSE AL) opened at 44.56 on Tuesday. The stock has a 50 day moving average price of $41.29 and a 200-day moving average price of $38.98. Air Lease Corporation has a 12-month low of $28.16 and a 12-month high of $44.78. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 12.98 and a beta of 1.79.

Air Lease Corporation (NYSE:AL) last announced its quarterly earnings results on Thursday, August 3rd. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.08. The business had revenue of $380.59 million for the quarter, compared to the consensus estimate of $375.14 million. Air Lease Corporation had a return on equity of 10.99% and a net margin of 25.64%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the business posted $1.39 EPS. Equities analysts forecast that Air Lease Corporation will post $3.46 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 6th. Investors of record on Wednesday, September 13th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Tuesday, September 12th. Air Lease Corporation’s dividend payout ratio (DPR) is 8.70%.

Air Lease Corporation Company Profile

Air Lease Corporation is an aircraft leasing company. The Company is principally engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus SAS. (Airbus), and leasing those aircraft to airlines across the world. Along with its leasing activities, the Company sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies and airlines.

Want to see what other hedge funds are holding AL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Lease Corporation (NYSE:AL).

Institutional Ownership by Quarter for Air Lease Corporation (NYSE:AL)

Receive News & Ratings for Air Lease Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Lease Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply