CANADA LIFE ASSURANCE Co Sells 455 Shares of Air Lease Co. (NYSE:AL)

CANADA LIFE ASSURANCE Co trimmed its position in shares of Air Lease Co. (NYSE:AL) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,801 shares of the transportation company’s stock after selling 455 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.14% of Air Lease worth $7,457,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. XTX Topco Ltd bought a new position in Air Lease during the fourth quarter worth $255,000. Mariner LLC increased its holdings in shares of Air Lease by 15.4% during the 4th quarter. Mariner LLC now owns 20,085 shares of the transportation company’s stock worth $968,000 after purchasing an additional 2,686 shares during the period. Barclays PLC raised its position in shares of Air Lease by 21.4% during the fourth quarter. Barclays PLC now owns 104,429 shares of the transportation company’s stock valued at $5,034,000 after buying an additional 18,396 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of Air Lease by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 45,851 shares of the transportation company’s stock valued at $2,210,000 after buying an additional 280 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Air Lease during the fourth quarter worth about $31,414,000. 94.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AL has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price objective on Air Lease from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Bank of America downgraded shares of Air Lease from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $72.00 to $50.00 in a research note on Friday, March 7th. Finally, UBS Group set a $50.00 price objective on shares of Air Lease in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $55.67.

Air Lease Stock Performance

Shares of NYSE:AL opened at $43.00 on Wednesday. The business has a fifty day moving average of $45.85 and a 200-day moving average of $46.71. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.37 and a current ratio of 0.37. Air Lease Co. has a twelve month low of $38.25 and a twelve month high of $52.31. The firm has a market cap of $4.81 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 1.33 and a beta of 1.34.

Air Lease (NYSE:AL) last posted its quarterly earnings data on Thursday, February 13th. The transportation company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.44. Air Lease had a net margin of 15.65% and a return on equity of 8.01%. On average, equities research analysts predict that Air Lease Co. will post 5.16 EPS for the current fiscal year.

Air Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.05%. The ex-dividend date was Tuesday, March 18th. Air Lease’s dividend payout ratio is 26.43%.

About Air Lease

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.