BCGM Wealth Management LLC Buys 3,997 Shares of Air Lease Co. (NYSE:AL)

BCGM Wealth Management LLC grew its position in Air Lease Co. (NYSE:AL) by 9.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,931 shares of the transportation company’s stock after purchasing an additional 3,997 shares during the quarter. BCGM Wealth Management LLC’s holdings in Air Lease were worth $2,214,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Securities Inc. grew its stake in Air Lease by 11.6% in the 4th quarter. Principal Securities Inc. now owns 2,655 shares of the transportation company’s stock valued at $128,000 after buying an additional 276 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Air Lease by 0.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 53,625 shares of the transportation company’s stock valued at $2,429,000 after purchasing an additional 314 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Air Lease by 0.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 43,524 shares of the transportation company’s stock worth $2,098,000 after purchasing an additional 318 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Air Lease by 12.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,468 shares of the transportation company’s stock worth $157,000 after purchasing an additional 389 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Air Lease by 23.6% during the 4th quarter. GAMMA Investing LLC now owns 2,309 shares of the transportation company’s stock valued at $111,000 after purchasing an additional 441 shares during the period. 94.59% of the stock is currently owned by institutional investors and hedge funds.

Air Lease Trading Down 5.9 %

Air Lease stock opened at $47.65 on Monday. The business has a 50 day moving average price of $47.42 and a two-hundred day moving average price of $46.46. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.68. Air Lease Co. has a 12 month low of $39.39 and a 12 month high of $52.31. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 1.18 and a beta of 1.59.

Air Lease (NYSE:AL) last issued its earnings results on Thursday, February 13th. The transportation company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.44. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. As a group, equities analysts forecast that Air Lease Co. will post 6.17 EPS for the current year.

Air Lease Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.88 annualized dividend and a dividend yield of 1.85%. Air Lease’s dividend payout ratio (DPR) is currently 26.43%.

Analyst Upgrades and Downgrades

AL has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on Air Lease from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $65.00 target price on shares of Air Lease in a research report on Thursday, November 21st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.50.

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.